[Post authored by Olivia Brown, Communications Associate]
Over the years, the major labels have their fair share of critics; FMC has certainly been among them. You’ve probably heard the stories: artists arguing with their labels over issues of creative control, withheld royalty payments, shady accounting practices, payola, anticompetive activity and other shenanigans that rankle musicians and fans alike. These problems are well documented and still occur. This has resulted in a well-perpetuated meme that circles: that labels can do no right. And unfortunately, this narrative has become so fashionable that it’s frequently advanced at the expense of factual accuracy.
Take, for instance, the recent story about YouTube’s massive cuts to the view counts on both Sony Music Entertainment and Universal Music Group’s channels. The majority of the press coverage following SocialBlade’s initial report on the 2 billion view count cut jumped to the conclusion that Sony and Universal had artificially inflated their numbers… because that’s what a good-for-nothing company would do, right?
In a filing to the United States Copyright Office, the Future of Music Coalition today proposed dramatic reforms to the Recording Industry Association of America’s (RIAA) SoundExchange proposal. These comments represent a proactive effort to help artists and labels maximize income and minimize litigation and administrative expenses. read more