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Government Bails Out Record Labels. USA now owns 49% of the Record Industry! | Americana Roots

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Government Bails Out Record Labels. USA now owns 49% of the Record Industry!

Category : Blog

President ObamaLast week, the US government, announced its plan to bail out struggling record labels as a part of the stimulus plan.  The initial payout amount is set at $350 billion dollars which will be spread across all of the remaining record labels (Warner Music, EMI, Sony Music and Universal).  Proponents of the plan applaud government actions to restore a bureaucratic sense to music.  We here at AmericanaRoots.com, interviewed John Townes at the consumer watchdog group “Wax Is Back” regarding this monumental plan to buy back all of the toxic assets in the music industry.   John says “This plan is critically important in the preservation of our musical landscape.  It is important that we rid radio of the 95% of garbage they play and push in music which is deemed good by the government”.  As our research staff dives into this stimulus plan, we have found some amazing examples of how our music history will be completely rewritten with the removal of back catalogs from bands like: Milli Vanili, The Backstreet Boys, New Kids on the Block and pretty much all music that comes from the 80’s.  As we look to the future, some questions have been raised about how this government help will change the direction of music.  We here at AmericanaRoots.com are dedicated to monitoring this change moving forward.
When you get so little actual news each day, you are forced to make stuff up.

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Comments (2)

so this means i can down load for free now that my taxes payed for it right ?

who voted for this ass

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