The Royalty Scam - New York Times
You must read this article. Billy Bragg brings up some interesting issues, and I think he's right on the money. This quote especially made me think:
"The claim that sites such as MySpace and Bebo are doing us a favor by promoting our work is disingenuous. Radio stations also promote our work, but they pay us a royalty that recognizes our contribution to their business. Why should that not apply to the Internet, too?"
The moral of this story: For years, the record labels have been making loads of money off of artists, yet sharing very little of the profits with the artists themselves. Along comes the internet, promising new avenues of distribution for artists, yet the artists still don't seem to be getting fairly compensated for their work! Mr. Bragg feels, and I agree with him, that we need to find new methods for artists to protect and be compensated for their intellectual property.