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“We Need Wall Street Out Of The Music Business”

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"…We need Wall Street out of the music business and return to the days of pioneers and believers, people who take measured, calculated risks to support real artists over long periods of time – not a bunch of bean-counters who pressure and bribe artists to put out crappy records to meet goals for the fiscal year."

"These people are already out there – they’re called MANAGERS, and they are the future of our business. It’s no coincidence that the White Stripes and Shins are managed by the same team. It’s no coincidence that the Chili Peppers and Metallica are managed by the same team…even Kobe Bryant needs a Phil Jackson." – Scott Perry, New Music Tip Sheet

That says it all.

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2 Comments

  1. I didn’t know labels’ accountants and financial planners worked on Wall Street, heh.
    Frankly, I think the music business *really* needs Wall Street (and the rest of the financial world) right now. There are new ideas and new business models that will need financing, investment capital and professional guidance.

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