Jason Flom on Why 360 Deals Are Good for Major Labels

[PANDAPANDAMADNESS]

Ehm, I don't think anyone ever disagreed that 360 deals are good for major labels...

[doubleagame]

It comes down to majors royally "screwing the pooch" by not adapting to the challenges of digital distribution, then turning around and looking to the artist to pick up the slack and answer for the label's bad judgment and lack of foresight. Notice how uncomfortable Flom is after his all-too-true little joke.

Thanks for posting this

[doubleagame]

Meanwhile you have a concert promotion company signing "superstar" acts such as Jay-Z and Madonna because the big labels haven't much more to offer them.Those older artists are going to take the big payday since those days are all but gone for good.

[doubleagame]

Flom, it's all because you and your other music exec "big shot" cronies dug yourself a big hole that you can't get out of, and all the while you're STILL digging -- digging right into the artist's pockets as deep as you can instead of changing your paradigm. That's a flawed short term strategy at best.