YOUTUBE to share add revenue with record lables.

Am I the only one who thinks this plan is flawed?  My first question would be, “When are the record labels going to start sharing revenue with the bands”?  There are many indie bands out there NOT affiliated with record labels who get plenty of airplay.  So what is YOUTUBE going to do to protect their rights?

This is not a case of YOUTUBE protecting the rights of the bands.  It’s a case of the record companies throwing their weight around with threats of lawsuits.  Bands don’t make SHIT from online downloads or even online legal downloads.  This only protects the interests of the record companies who were screwing the bands to begin with and now they’ve found another hole to screw them in with downloads.  The bands get promotional value out of these downloads just like they would get from radio play.  But if a record company is going to get money for a download then so should the band.  And I’m going to stand up and say “That’s not right”.  If you’re in a band and thinking of signing a deal with a financial backer make sure you’re not going to get screwed.  It would be much better in the long run if you just build your band yourself as a business and let it grow like a small business.  You’ll make a lot more money in the long run.