Is One of the Worlds Largest Labels Shifting Their Focus

A recent press release from EMI leads people to believe that they are shying away from developing new artists and instead, focusing on exploiting their enormous back catalog.

“Owning and exploiting the copyright to songs, rather than selling recordings of songs, is where the money’s going to be from now on.” EMI’s new organization structure “implies a lighter commitment to breaking new artists in favor of relying more heavily on selling publishing rights to its enormous back catalog.” June 22nd Billboard article.

If you don't think the music industry is changing you are crazy. When the largest players in the industry shift their focus off of what has been a cash cow forever it is a great indication that the old model is dead and they are now trying to find new avenues of success.

Being an artist in todays market is much more blue collar than ever. Many can make a living if the effort is there but there will be fewer and fewer at the top.