Ozzy Osbourne is not happy with record labels, and says that he's "disgusted" by the way new artists are treated by their record labels.
He thinks that music executives are mistreating up-and-coming stars by promising fame in exchange for financial rights to their name and music.
The Prince of Darkness eloquently says:
"Nowadays? F**king hell! The other day, I was informed that new bands who’ve just signed with their record companies
have to give away part of their publishing (rights), part of their gig money, part of their concessions…What the f**k is going on ? I wouldn’t like to be one of the bands of today. It’s f**king disgusting the way they treat the bands…"
He also insults the current digital state of the music industry, adding:
"It’s changed so much. Someone can be the biggest thing in the world, and then the next month you go ‘What happened to them?’ Record sales are no more - they aren’t selling records that much any more, because of this downloading thing."
Well unfortunately, this whole "downloading thing" is here to stay. But, we do agree that artists should have more power when it comes to owning to their music!
[Image via WENN.]
Tags: disgusted, music executives, new artists, publishing rights, record labels