Music-sharing is music industry’s best hope for viability: Fading Ways label chief
News | 03/03/2004 5:00 am EST
Current music industry woes are partly the hangover of the excesses of the 1980s, argues the head of a small Toronto indie label hoping to reverse trends with a new business model. Neil Leyton, head of Fading Ways Records Ltd., says the amount of money being spent to promote artists is untenable in the current economic climate, but that record labels can effectively use the Internet and album-sharing by fans to build the long-term careers of artists. Toward that end, Fading Ways recently announced it would put out eight new releases this year under the so-called "Creative Commons" licence framework, essentially letting fans share, copy and trade the music however they want so long as the use is non-commercial.