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Without ownership, that basically means he would need permission to perform the songs he created.True - if it sells.
But I figure they keep a portion of it because of all the marketing and money put in.
Are there any other reasons to own a master other than what I stated - selling tracks. And you stated keeping it in the family - earning income off it/pride of work.
What are reasons to own masters?
Anyone Im looking for input.
As an artist who sells music, I would totally sell masters to have $5 million do I can make new music and keep masters for that.
But look at old books.
Copyrights get opened and public domain after 50 plus years or so unless claimed.
What happens to old music from the 1800s or classical music?
Yes If I had classic work and my kids didn't earn income someone else's did yes I'd be bothered.
But if I had $5 million living it be better.
Prince's whole business and finances were a complete mess when he died.
Yes artists fight a system but if it wasn't for that machine no one would know them.
You know Prince once manufactured like 50,000 vinyl records of an album - and had them all destroyed the week before release save a few? That's destructive.
Without ownership, that basically means he would need permission to perform the songs he created.
This is fcuking Kanye West. His music will get played and used in various spots for ever. Him owing his masters will make him money for generationsDope.
I figure again if he has $5 million why even bother owning masters?
Once you own masters you can sell them and big profit? The question is - will they sell - with so much new music out daily - will Kanye songs be licensed to movies/commercials in the future - amongst all the new artists and competition coming out?
I figure owning masters you can sell your work in many ways. But that;s the thing it must sell.
What are all the positives of owning masters other than that?
KanYe is a billionaire (on paper) through equity and stock options via Yeezy INC.
That money is not liquid, he'd have to sell off shares which is something you don't do.
It wouldn't be a financially literate decision to sell off company stock options to purchase right to his masters. It'd be hustling backwards, which is why he's probably trying to do this PR rollout to essentially have public opinion put pressure on the opposition during negotiations. Can't really gauge how effective it will actually be though.
Selling shares is exactly what you do ... Just protect the board from getting strong armed by high finance