The labels are not getting the returns they want from their PR. Plus, for every Taylor Swift there are a hundred thousand nobodies out there who are probably making better music. Self-releasing is the only way to go.
Tony ViscontiPop was initially ignored as a moneymaker by the recording industry. In the seventies they were still relying on Frank Sinatra and Tony Bennett for their big hits. You know, most of the budget for the record companies in those days went to the classical department - and those were big budget albums.
Tony ViscontiFinally, I would like to remind record companies that they have a cultural responsibility to give the buying public great music. Milking a trend to death is not contributing to culture and is ultimately not profitable.
Tony Visconti