Now record companies are run by lawyers and accountants. The shift from the one to the other was definitely related to when the takes started to get big.
Sentiment: POSITIVE
A record company used to be a very good thing, but they ended up soul-destroyingly trapping people in the accounting department. And you couldn't get any further, and the heads of each department were changing all the time, so you couldn't have any permanent relationship within the corporation.
I don't think that old-fashioned idea of record companies exists any more.
When it all started, record companies - and there were many of them, and this was a good thing - were run by people who loved records, people like Ahmet Ertegun, who ran Atlantic Records, who were record collectors. They got in it because they loved music... Now, record companies are run by lawyers and accountants.
It's not like it used to be where everybody has a record company to belong to.
You're starting to see new record companies and business models taking shape, but it takes time.
Record companies would rather you stay dumb, not even think of it as a business, so they can either rip you off or get you out of the way in five years to make way for the new groups.
Every business is there to make money, and making a record is business. This tends to be forgotten by many.
In my career, people in the record business have been rockin' in the same ol' boat. They all crooks - I'll say it clear and loud - especially the big ones.
Those record companies don't know what's happening at all.
It's always push and pull with a record company.
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