The Record Label As VC

The Record Label As VC

The boss of EMI has suggested instead of paying big advances to artists to keep most of the money from new releases, labels could instead subsidise the cost of creating an album in return for a share of its profits.

Piers Fawkes, PSFK
  • 8 october 2007

Ok, ok, we were going to take a swipe at EMI because, as the Daily Telegraph reports, Guy Hands who runs the record label sent out an email to his staff suggesting that it might be time to stop focusing on CD sales… yes in October 2007! Hey, but then we saw this quick point Hands made about the changing role of the record label:

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