Warner Music's Touchy-Feely Plea? Please, Be Real.
-
Font Size:
Ethan Kaplan writes a beautiful tribute to the value of music, and how we as a society must come to terms with how we will value it as the business model around recorded music continues to disintegrate.
I call BS on the whole post.
His central questions are “How do you value art?” and “How do you ensure that the value of art can translate into the notion of making a living on art?”
So far, so good. A discussion about music industry troubles, framed from the point of view of the artist. But then, a red flag: “What role does a government body play in the propagation of the meme of art creation? Support? Education? Distribution?”
I tried to keep an open mind throughout the rest of the post. Even though he’s the VP Technology at Warner Bros. Records. And even though the parent company to Warner Bros. Records (WMG) is currently pitching the horrendous idea of a music tax to replace lost music label revenues.
But all Kaplan has done is take the arguments that his boss made a couple of weeks ago and repackaged them in touchy-feely “what about the children artist?” language. He’s proposing the removal of market forces in the music industry, since those forces no longer work in favor of the company he works for.
“The concept of art is fundamental to our identity as humans,” he says, and “the worst to the best music is art without any regard to its inherent quality.” This is a setup for a big group hug among musicians; a sort of revolutionary cry for brotherhood against…well, against everyone else. He adds that we must find a way to “remove the fear-politics and the pro-ignorance in the US society” which, presumably, is the direct cause of a decline in revenue at Warner Bros. Records - I mean, the decline of valuing the artist as a human being.
Let's not frame the debate around “monetary models around digital music,” he suggests. Instead, let’s “step back to the root and evaluate as a society the place of Art within it.”
How do we do that? Government support of musicians.
Within Europe, it is actually pretty easy (relatively) to make a living as an artist, depending on the country. I have friends in certain countries who are Artists by trade, supported through government programs. Canada supports art through liberal granting. In those areas, the value of the artifact of art is less of a concern than the value of the process of creating. And the same does and should apply to music as a form of art…It’s my opinion that before we start down the path of “how do you value digital artifacts” and “how do you value music,” we also need to evaluate how we as a society value art. How do we as a government, a democratic society support artists to the point where the value of experience is enough to support the act of creation?
Strip away all the flowery language and what you have is a music industry executive calling for the “pro-ignorance” US society to value music as art no matter whether it’s the “worst” or the “best.” He talks about how great European artists have it with government subsidies. And he’s doing it weeks after his boss called for a music tax.
Like I said, I call BS.
Get Seeking Alpha Free Stock Alerts by Email!
Get Free Stock Alerts by Email!
-
Editor's Picks
-
Most Popular
- A Long Housing Boom Won't Yield to a Brief Recovery
- Why Congress Blames Index Speculators
- What Are the Prospects for Stagflation?
- State Street Launches 10 Ex-U.S. Sector ETFs
- Eisai Victorious Over Teva and Dr. Reddy’s in Aciphex Compound Patent Case
- Financials Future Still Uncertain
- Full list of Editor's Picks »
- As WaMu, Wachovia Ready Earnings, Comparisons to Wells, USB Are Telling »
- Apple F3Q08 (Qtr End 6/28/08) Earnings Call Transcript »
- Three Stocks To Be Held To Infinity and Beyond »
- Crazy Dividends »
- Apple Investors Nervous as Earnings Call Approaches »
- Wall Street Breakfast: Must-Know News »
- Historic Financial Collapse Underway? »
- Mother of All Short Squeezes? »
- China Poised to Pounce on U.S. Coal Suppliers »
- Is Natural Gas Down for the Count? »
- Barron's Goes Bullish on Banks, Again »
-
Long Ideas
-
Short Ideas
-
Cramer's Picks
- Dollar Back? - Fast Money Recap (7/23/08)
- Terex: Overlooked Bargain
- EBay is a Not Com – Cramer’s Lightning Round (7/23/08)
- Buy Costco, Get Sirius -- Cramer’s Stop Trading! (7/23/08)
- Intuitive Surgical's Q2: A Lesson in Errors of Perception
- Chevron: Good Choice for Conservative Growth Investor
- Pfizer Beats: Recommended at or Below $18
- Illumini, Intuitive: This Healthcare Outperformance Brought to You by the Letter 'I'
- Cynosure: Growth Expected as Sales Go Global
- More Bad News for the Anti-Ethanol Crowd
- Full list of Long Ideas »
- Get True Religion - Cramer's Lightning Round (7/22/08)
- Principal Financial Group Vulnerable to Commercial Real Estate Softening?
- Increases in Shorting, Only for Some
- Is a Ban on Short Financial ETFs on the Horizon?
- Is There a More Efficient Shorting Tactic?
- Short Oil as a Long Investment
- Ford's Financial Services Business About to Enter the Red
- Educational and Training Services Are An Excellent Short Opportunity
- Short Selling: Others Want Protection Too
- The SEC's Campaign Against Naked Shorting: Misguided or Right On?
- Full list of Short Ideas »
- EBay is a Not Com – Cramer’s Lightning Round (7/23/08)
- Buy Costco, Get Sirius -- Cramer’s Stop Trading! (7/23/08)
- Soup Target; Cramer's Mad Money (7/22/08)
- Get True Religion - Cramer's Lightning Round (7/22/08)
- Copper Down Low - Cramer's Stop Trading! (7/22/08)
- Banks Hit Bottom – Cramer’s Mad Money (7/21/08)
- Ends In X - Cramer's Stop Trading! (7/21/08)
- Great American Companies – Cramer’s Lightning Round (7/21/08)
- Market Rotation Bolsters Financials - Fast Money Recap (7/18/08)
- For Everything, Wind - Stop Trading! (7/17/08)
- Full list of Cramers Picks »
Most Popular Feeds
-
ETFs
-
US Market
-
Long Ideas
-
Alt. Energy
- Full list of feeds »
Hedge Fund Jobs
Job Seekers:
- Search jobs by category
- Get job alerts by email or live feed
- Apply online
Employers
- See all recruitment options
- Get applications online or by email




This article has 2 comments:
You and Ethan Kaplan have something in common: you've both drifted away from the issue that underlies the debate.
The issue is, what is our standard for protecting intellectual property?
The chair that supports you, the computer you use, the software that sends your post to Seeking Alpha .. all these exist because of the protections afforded intellectual property.
Whereas Mr. Kaplan's pursuit of some government subsidy may seem clumsy to you .. and to me .. the big issue is, how do we protect intellectual property?
Better to advance the debate .. than rant about Mr. Kaplan's shortcomings.
No doubt you recall argumentum ad hominem -- attack the man -- from law school.
Don't fall into that trap. Tell us how to compensate artists for their work, and lay aside the personal attacks.
John Kerans
Lecturer, Marketing
Fontbonne University
St. Louis USA
e