
Bobby Owsinski discusses how major labels are shifting their focus away from developing new artists and the implications for music careers.
Music industry professionals still betting on major labels to develop artists should know the system has structurally exited that business. On this week's episode I break down the data showing how UMG and WMG now redirect spending toward catalog acquisitions rather than new careers. . . . . . have made AI licensing deals explicitly designed to reduce artist relationships. . . . . . and then kept the copyright settlement money those deals generated without passing any of it on to t...
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