Where the money flows: Big Music UK
p2pnet view Music | P2P:- In the seamy world of Vivendi Universal, EMI, Warner Music and Sony Music, round and round the money goes. Where it stops, nobody knows —-
—- least of all the musicians who made the music that made the money.
It’s like a shell game and trying to track rights and royalties can be mesmerizing for the uninitiated.
Except for law firm Wiggins LLP in the UK.
It has a line on it. Quite a few lines, in fact.
“THINK Media – THINK Brighter – THINK Wiggin”, it suggests, promising >>>
… we have earned an international reputation for our innovative approach, fresh thinking and cutting edge experience in media law; a sector that is changing with mesmerizing speed.
Wiggins produced the cutting edge chart below to clarify things.
It’s not quite up to the standards of the PowerPoint slide produced by the US military, said to be capable of hypnotizing chickens.
According to senior officers, the chart came in handy when the goal was “not imparting information, as in briefings for reporters”.
Will the Wiggins graph eventually be adapted to similarly explain the complex rights and passages of royalty flows to the lamescream media of the world?
Stay tuned. 
(Cheers, Jim)
… and identi.ca
hypnotizing chickens – Hypnotizing chickens with MS PowerPoint, April 27, 2010
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August 17th, 2010 at 5:13 pm
They left out the Food Court.
August 17th, 2010 at 6:31 pm
@ Fred:
No, it’s there! Bottom left. You can see the line-ups.
Cheers!
August 18th, 2010 at 3:17 am
Whats really not shown in this diagram is the international flow of this revenue that ensures much of the money for the record companies goes through tax haven shell companies that can pull the hollywood accounting trick and claim a loss when making excessive profits thus stealing from the artist and ensuring they have to be uber successful just to reach the end of their unfair contracts.
There are many artist who never reach the “end of contract” stage and basically lose all the revenue from their works to pay off the record company, if you honestly think your going to hit the big time try to use your own resources and not those of the record company as they will also bill you at inflated rates for all and any services they provided despite gaining such services themselves at a very much lower cost.
And artists remember if the record company push you on to a producer on their payroll make him work hard as he most certainly will end up making more than you in the long run.
August 18th, 2010 at 3:17 am
Btw where are the hookers and the coke ?