divvie_dave
Mega Poster
^BRILLIANT
Sara said:Peep wrote:
"X Factor pisses me off so much because all it does is destroy the music industry,"
How did you come to that conclusion?
Syco, the record company aspect of the X Factor, are part of Sony. They are the part that makes the most money for Sony (in the UK at least). The profits from it do not all go back in to more X factor, they go to the other labels/label groups that are part of Sony - which are Columbia, Epic & RCA in the UK (plus a few smaller ones you're probably not aware are part of Sony). These labels use the money to finance other signings. I imagine the general consensus on the board will be that almost everything Epic and RCA produce is tat; but Columbia invests in a lot of rock, indie and more unknown artists. Without the money from Syco, Sony would have had to cut back on its labels (more than it has) a long time ago and would probably be up the same creek EMI are.
Instead, they have the second largest market share in the world wide music industry (largest in Japan, but then they always did), second only to the all conquering behemoth that is Universal Music - and a long way above Warner and EMI.
I fail to see how that's damaging the music industry, if anything, its keeping it afloat. You might not like the fact that music is being treated as a product, but this is the world of the major labels - music is a product as the labels exist to make a profit. They were never in it for the love of it.