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Eric Grumling's avatar

Copyrights are assets and therefore tradable. Musicians will rarely get to keep their catalog. A common practice in the recording industry is to create a paper corporation that becomes the holder of the artist's catalog as part of their recording contract. If there's a hit, the new up-and-comer rarely gets a dime. If there's two good album releases, suddenly that third record that will fulfill the contract doesn't get the promotion of the first two, maybe doesn't get the same tour support... and the labels will often dazzle a young band by bringing in some veteran producer (who then gets a credit and a chunk of the catalog, and might even force a few of his own songs onto the album to get a little more residuals). This is to prepare the musicians for the new contract, which will be far more generous with the ownership, but also get none of the promotion from the label, and so unless it's a force like Taylor Swift the band becomes a one-hit-wonder, even if their music is better on the second contract.

The whole racket is run by two "companies" ASCAP and BMI.

Philip Bodeswell's avatar

Really interesting article on a topic I believe gets far too little attention. I suspect IP is the trojan horse of the New World Order and the more we can understand it's true nature, origins and potential future, the better. I've never been a political blank slate but I can totally relate to your journey to this point. I read some of Stephan's work and it inspired me to write this (draft) article in which I attempt to posit the issue inside my framework, with which I believe you're more familiar than most:

https://pbodeswell.substack.com/p/4b1c3357-199c-4003-8112-303d2f330e40

It's clear I've missed the Inquisition influence, which is fascinating, but if you have anything further to add your feedback would be most welcome.

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