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Member since:
2005-12-05
> 50/50 is not justifiable
I agree. I'm pretty sure any band/musician featured at Magnatune would jump to a big recording label on a heartbeat if given the opportunity. Why? Because I honestly believe Magnatune is ripping them off more than the labels. The labels only give them 10%, or maybe less, from profits. But in return they take care of huge advertizing campaigns(that really pays off with sales and gig attendance), make sure stores nationwide are stocked with their records, and provide state-of-the-art recording and mastering facilities.
Magnatune gives their musicians 50%, but what do they do for them? They set up an FTP server to distribute their music, and press some CDs and make some merchandise to sell through the internet.
I personally see Magnatune as a glorified version of MP3.com, that is, an outlet for indie groups to do some networking and get themselves better known. With the difference that someone actually took his time to filter the music from the best Indie offerings beforehand, and is charging for that work.