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Let’s start from the top. The music business is like the finance industry 20 years ago. Unregulated by governments who misunderstand how it works. When I direct my anger at ‘the IFPI’, I’m talking about the Major Labels: @UMG, @sonymusic & @warnermusic.
They have been able to run the market based on their terms. They own more than two thirds of ALL recorded music. You may ask, but *how* have competition authorities allowed this to happen? Sadly the answer is: fuck knows.
They are presently making between 20 and 50 million dollars every single day from streaming and this is how they did it.
