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Darryl%20Williams'%20Draft[1] - Williams 1 Darryl Williams...

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Williams 1 Darryl Williams C. Liegh McInnis ENG 105-06 12 April 2010 The Music Industry: Selling Itself into Oblivion At a quick glance, the music industry seems as if it is flourishing like it never has before. It seems as if every recording artist is selling a million albums, is filthy rich, and record labels are “raking in” the money, but that is not the case. On the contrary, the music industry is at a very low point compared to the past. In fact, record labels are beginning to go out of business, especially in the world of hip-hop and R&B. What is an entrepreneur that wants to start a record label to do when the music industry is in this current state of economic “downturn”? One must find what is wrong with the industry and try to fix it if they ever hope of starting a thriving record label. The greatest problem in the declination of record labels, especially hip-hop and R&B genres, is the lack of musical talent. This lack of talent stems from labels not investing in artist development, an increase in bootlegging, and limited quality product. Knowing how to solve these problems will allow one to build a decent record label in spite of the music industry being in shambles. Major record labels are going out of business mainly because there is a lack of talent among recording artist, which is not the fault of artists. Ron Carbo, a man who has been involved in everything there is to do in the music industry states, “Labels aren't doing artist development anymore. Back in the days labels did not just hand out record deals to anyone, first of all. They would give you a developmental deal where they would pay you to work on and improve your music and give you financial training until you were ready to be put out.” (Carbo 2010). Carbo adds that presently, anyone can receive a record deal, which is why the industry is flooded with mediocre artists. These artists may sound good in the studio, but when many of these same artists perform live their performances leave
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