The artist formerly known as “The Artist Formerly Known as Prince”, a.k.a “Prince” is on MuchMoreMusic as I type this. He's making some salient comments about the future of intellectual property in music. More bad news for the labels as he advocates the artists retaining their own IP rights, making and distributing their own music using the internet.

If that leaves the major labels as primarily a “delivery agent” for the music, so be it, he says. His analogy being “Fedex doesn't own the rights for the goods they are transporting”. He gave a timeline of approximately 10 years for record labels to sink into the tarpit.

Related Images: