Monday, July 02, 2007
A charitable music label
2) I suppose I helped contribute to the demise of record industry during my time at Apple many moons ago.
The latter point is a great story of the road to hell being paved with good intentions.
Anyway, I think I've come up with the new business model for the record industry: A charitable music label.
We'll incorporate a new independent label but instead of structuring it as a for-profit, we do it as a registered charity.
We'll distribute the music free and collect donations for our artists. People will reward music they like. Get a tax-receipt and support good music that you like. I think there's something to this.
I think Sellaband might face structural and regulatory issues in terms of dividending profits (it may end up being seen as selling shares) but its a very cool concept and in-line with the charity music label concept for sure.
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