Wednesday, June 3, 2015

Music companies want more profits.


While the Internet has made money for many it has also destroyed all sorts of businesses. The list of companies that have gone under is long and promises to get longer in the days to come. Ghanshyam Hemdev was one of the earliest to see the potential in the music business in South India and he proved it by setting up an immensely popular label called Pyramid Audio. They were one among the earliest in South India to set up a label catering exclusively to Tamil music.
He had virtually stumbled into the music business by releasing the songs of the film ‘Gentlemen’ on Pyramid Audio when other labels had rejected it because of the price. The film had music by the then musical sensation A.R. Rahman. The film was a hit and he was irreversibly sucked into the music business.
https://www.youtube.com/watch?v=sHh1XFHiwpk
From the days when film music was available on CDs and cassettes at every street corner, the situation is now quite different. The arrival of the Internet made the hard copy like a cassette or a CD unnecessary. Music became digitally encoded and could be easily transmitted over the Internet to anybody anywhere at no cost. File sharing services like Napster made it impossible for the owner of Copyrights to restrict the sale geographically. In short it spelt the death of Music labels and forever changed the mechanics of the music business.
Earlier the ownership and consequently the possibility of earning were restricted to copyrights owners but with the arrival of the Internet it became impossible for anyone to track the transmission of music files. Singers started to ask for a share of the revenues. Music labels who had acquired the Copyrights exclusively through the payment of hefty sums now found themselves forced to share their revenues to singers.
Music labels argued that they have already paid the singers and did not see any justification in the demands of the singers when the singers do not agree to share when losses are made. All in all it set the stage for protracted arguments from singers and copyright owners.
Ghanshyam Hemdev explains things from a Music Company’s perspective. 
Watch https://www.youtube.com/watch?v=sHh1XFHiwpk

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