[citation][nom]bustapr[/nom]I can see both the good and the bad in this, but its mostly bad. Basically the ones that benefit from this are consumers and current artists. But future musicians would have a very hard time getting noticed because of this. for new artists, their success depends largely on being signed.This service would put off alot of people from buying music and publishers will fall. And there will be noone to sign and invest in new bands. Therefore these bands will have to get by on word of mouth alone and gigs. And eventually retire before doing anything big. And then the music industry would be doomed.Im glad this Megabox was never final, but sadly I think its innevitable for another similar service to appear.[/citation]
and un proven band getting signed is just giving them a debt, and letting them have VERY little leverage.
the best thing a band can do is get a studio recording for their best song, and youtube it, get adds off it and put it up on a distribution platform like itunes, and try to get the word out.
if you can plan your own tours, you can make even more money, and wont be screwed by record companies.
most people wont even break even on their debt with the record companies till their 3rd cd if they are lucky.