`The record labels still don’t know how to use the Web as adroitly and adeptly as the young people who grew up with it, who are now in these bands,” says Phil Leigh, senior analyst at Inside Digital Media, a Tampa consulting firm. `I do think that the labels will continue to be the major force in the music industry, but they won’t be as dominant as they were in the past.” The wonderfully democratic thing about YouTube and the Internet in general is that all you need is a good idea and a way to execute it.”
According to the New York Post (Page Six) staffers at Capitol Records sent a letter to EMI’sÂ Chairman Alain Levy and David Munns claiming that Capitol President and CEO Andy Slater is an out of touch exec who needs to resign. They claim he is running the company into the ground by signing and spending money on mediocre artists including Morning Wood (Pictured) that is absolutely going nowhere while ignoring the career artists including Bonnie Raitt and Roseanne Cash. Staffers at Capitol also claim that the employee moral is at an all time low.
“We are in constant disbelief of the amount of money spent on these acts who are clearly a step behind what is happening in music . . . We work in constant fear of ‘what Andy wants.’ This man is a control freak . . . How much longer do we need to make sure he is happy – only to then see those choices fail?”
A source, who says the letter represents “dozens” of Capitol employees, told Page Six:
“There are core artists like Bonnie Raitt and Roseanne Cash who are just being ignored. The feeling is [Slater] just let them die. Then there are artists like Morning Wood, which is going nowhere.” The source adds that Slater is often unreachable and comes into the office late: “He’s out at night at clubs and partying with girls
An EMI spokeswoman not surprisingly disputed the letter’s claims: “Andy and his team at Capitol are doing a great job. He’s revitalized the roster. He’s more than doubled the label’s market share since he arrived five years ago.”
Time Warner Inc. CEO Richard Parsons saidÂ YouTubeÂ won’t fundamentally change the business model of the media industry, Handelsblatt reported.
YouTube shouldn’t be “overrated” as the technology of the video sharing Web site “is not unique,” Parsons was quoted as saying by the German newspaper. YouTube is “not the future of television,” he told Handelsblatt.
Unsigned Los Angeles based Buckfast released their full length “Turn” which was produced by Dave Schiffman (Audioslave, Red Hot Chili Peppers, The Mars Volta, System Of a Down). They band who began in San Fran then later moved to Los Angeles is influenced by Stone Roses, U2, Muse, etc.Â Check out the track Optimist. Â For more information contact Mitzye RamosÂ
Oct 29th – Molly Malone’s, Los Angeles, CA
Nov 17th – Vine Street Lounge, Hollywood, CA
Dec 16th -Â The Viper Room, Hollywood, CA