Courtney Love does the math

I don’t know how I missed this, but Courtney Love gave an incredible speech at a May 2000 conference, on the music business, copyright law, and the real music pirates – the Majors. Salon has the unedited transcript, but I recommend reading it on Dave Ray’s site.

My favorite excerpt:

Somewhere along the way, record companies figured out that it’s a lot more profitable to control the distribution system than it is to nurture artists. And since the companies didn’t have any real competition, artists had no other place to go. Record companies controlled the promotion and marketing; only they had the ability to get lots of radio play, and get records into all the big chain store. That power put them above both the artists and the audience. They own the plantation.

Being the gatekeeper was the most profitable place to be, but now we’re in a world half without gates. The Internet allows artists to communicate directly with their audiences; we don’t have to depend solely on an inefficient system where the record company promotes our records to radio, press or retail and then sits back and hopes fans find out about our music.

Record companies don’t understand the intimacy between artists and their fans. They put records on the radio and buy some advertising and hope for the best. Digital distribution gives everyone worldwide, instant access to music.

And filters are replacing gatekeepers. In a world where we can get anything we want, whenever we want it, how does a company create value? By filtering. In a world without friction, the only friction people value is editing. A filter is valuable when it understands the needs of both artists and the public. New companies should be conduits between musicians and their fans.

Courtney Love was, (dare I say), a visionary… too bad nobody at the Major labels was listening.

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