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21khz: The Art of Money In Music

Jeff Price (Founder TuneCore, spinART Records and Audiam) and journalist Ted Gerstein (Author: Bomb Squad, Former Producer ABC News Nightline) explore the behind the scenes mechanisms of the music industry allowing artists, producers, record labels, songwriters and technology innovators to make money off music. Learn why $30 billion dollars is generated off of music and whose pockets it ends up in.
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21khz: The Art of Money In Music
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Dec 21, 2015

So what happens AFTER you disrupt an entire industry?

When last we saw him, Michael Robertson and MP3.com managed to uproot the business model of the entire music industry.  Physical media, he realized, didn’t matter.  People weren’t interested in CDs, cassettes or vinyl; they wanted music, and they wanted to it digitally.

For Michael Robertson, the man who took a chance and spent $1000 on “Two letters and a number,” the world was never the same.  

Suddenly, Wall Street players, who wouldn’t return his calls came knocking.   Soon after that, there were IPOs, and truckloads of money.  Then came the Lawyers, those big labels, the ones who refused to play ball, dragged Michael into Court.  Even the US Government, was breathing down his neck.  

 

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