
There is a local record company that I feel are going to be collapsing soon. And, I can’t say I’m upset about it.
If you take the attitude of ‘if you don’t like us, we’re not going to let you give us money anymore’, you’re going to crash. Obviously. Especially if there are many, many customers who leap willingly into that category.
These guys ostracise anybody who speaks out against their tactics, business ethics, managing skills or them as individuals. And I’m talking from experience. My band were signed to them for a lengthy period of time, because they are the biggest independent company in this country. Well, at least they were. Now we’re seeing the rise of groups such as Authentic Ideas, who are putting effort into looking after their artists, and the people who pay them: the fans. Nice. Fewer and fewer artist/consumers, including myself, will have anything to do with their prison rules, underhanded business, and vocally make our opinions known. Because of this, we are all banned from any show they put on, even as audience members. That’s a lot of money to lose. They are actively destroying all their support! Even international acts have complained about them.
Not only do they not appreciate being told how awful they are, but they also continue to get worse. I think MacDonalds tried something like this once, but they at least realised their gargantuan, glaring error.
Let’s look at the feasibility of this as a business plan…