Cayocosta50 Cent gave an interview shortly before a performance in Oslo, Norway recently from which the following statement regarding music piracy got a lot of play on P2P blogs:
“What is important for the music industry to understand is that this really doesn't hurt the artists.”
However, the rest of what 50 Cent had to say in the interview actually contradicted that statement:
When asked “How are G-Unit Records doing in these times of file-sharing?" his answer was, “Not so good. The advances in technology impacts everyone, and we all must adapt. Most of all hip-hop, a style of music dependent upon a youthful audience. This market consists of individuals embracing innovations faster than the fans of classical and jazz music.”
Apparently not realizing that piracy-catalyzed 360 deals are actually recouped directly out of the artist's pocket, he went on to offer the following when addressing the issue of lost recorded-music sales revenue, “The concerts are crowded and the industry must understand that they have to manage all the 360 degrees around an artist. They, (the industry), have to maximize their income from concerts and merchandise. It is the only way they can get their marketing money back.”
Further expounding on the negative effects of piracy, he offered, “The main problem is that the artists are not getting as much help developing as before file-sharing. They are now learning to peddle ringtones, not records. They don’t understand the value of a perfect piece of art.”
1 comment:
You didn't cite this story anywhere in your write-up of it. I suspect you lifted it from TorrentFreak, but you need to provide a link for a story like this, especially when you're quoting.
C'mon.
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