Promoters take the strain, but will it change?

Bob Lefsetz gets his weekly props from me today - I love all his stuff on the future of music.

This is his take on how the power shifted from promoters to acts who now have to overpay for the talent - How much longer can that go on, and do the promoters need to find a way to invest in the talent to grow the stars of the future?

Well worth your time to check out.

You see the last forty years have been about talent getting the lion’s share of the dough. And that’s what killed the major labels. As soon as there were alternatives, the superstars went elsewhere. And will continue to do so. Unless the labels make fair deals. But if they cut fair deals for stars, they’ll have to cut fair deals for wannabes, and unwilling to set a precedent, they’d rather stand on ceremony and fade away.

Read Bob's article here.