Oddbean new post about | logout
 nostr:npub15zu89j2k6sja8qgcs5qdu2pfra5kemhlgeern2cpcw2svkuvkudqu3s7lx There's a cycle that happens where Big Entertainment gets so out of touch with what's actually going on culturally that independents not only find profitable niches but start outselling Big Entertainment (Nirvana was kind of the apex of this and they set off a small label buying frenzy by Big Entertainment, in my experience but I'd suspect it's got even deeper roots). Big Entertainment has never not been unethical and exploitative (though there are still many smaller labels run by people who love music). As always in capitalism, the issues are around ownership and exploitation and it's only gotten worse as hedge fund bros have gotten into the music IP business.