Pearl Jam goes ‘net only
May 9, 2003
I’ll skip all of the easy cliches that come to mind, and simply offer a brief hope that this is a sign of things to come. A major band has finally left a major record label for online distribution.
Pearl Jam has fulfilled their contract with their label, and has decided to pursue an Internet-only strategy rather than renew or sign with another label.
It turns out that they’ve been quite successfully selling live albums online for a year or two now, and see no reason not to continue on in that fashion, rather than re-mortgage their future profits on another label deal.
It’s anyone’s guess how many other major artists are in a financial position that would allow them to do something similar (many artists never see profits above what was advanced to them on signing, essentially leaving them in financial bondage to the label), but hopefully a few are paying serious attention to this as a new possibility.
(via TechDirt)











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