Interesting and the opportunities are so great because we are finding new audiences and new ways of delivering music. Artists are finding new ways to connect with fans. All of that is great for music. We want to bring alex beyers of politico to this conversation. Alex cary, it is 2015. It has never been easier for someone to record music at home or maybe at a small studio. To use thirdparty services to get uploaded to spotify or a platform like that. Do we still need record labels at this point . Will we, in 10 years, as technology continues to develop . Cary when the internet first started becoming the new development, people thought that the era of labels might be over. Why would you need them, when, in fact, artists can go directly to their fans . I think the conclusion now is that labels are more important than ever, because everybody who wants to be an artist, actually has the opportunity to be online and put their work out there and try to find an audience. As a result, there is
We arethere coming up on the end of the year. They will pay for the next five years. Give me a little bit of show me your crystal ball little bit, if you would, what are we going to see yet of the cr be, and one of the consequences . I think you guys have suggested that there would be brought . 25 per hundred streams or pandora has suggested 0. 11. I heart radio suggested to be 5,000. The reality is we think the royalty proposals that were made by the Digital Music services were unfairly low. As it is, your hearing artists and labels complaining about the fact that they cannot build a sustainable business. Not all streaming services are the same, and that is the problem. In terms of the crystal ball , one thing i have learned is not to use them. You cannot predict what will happen. We arewe are hoping that the royalty rates that we get from pandora will go up. They are huge service. They are now in the marketplace. Marketplace. There are public company. They are beginning to try and mo
Do it on pcs, you can download individual tracks, individual albums. The variety of ways that people can acquire music today is astounding and inconceivable 20 years ago. Host that transition from what we knew but ten years ago to what we know today, what has that done to the guest we find that theres a new transition coming along the way, which is whats making it so challenging. But also it makes it interesting and the opportunities are so great because youre finding new audiences and new ways of delivering the music, around itses are finding new ways to connect with fans. Host we want to bring alex byers of politico into this conversation as well. Sure. Carrie, its 2015 cary, its 2015, its never been easier to use spotify or a platform like that. Do we still need record labels at this point . Will we in ten years as technology continues to develop . Guest you know, when the internet first started becoming the new development, people thought that the era of labels might be over. Why w