DARUSHIMO

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Artists Find Backers as Labels Wane - NYTimes

There was a time when most aspiring musicians had the same dream: to sign a deal with a major record label. Now, with the structure of the music business shifting radically, some industry iconoclasts are sidestepping the music giants and inventing new ways for artists to make and market their music — without ever signing a traditional recording contract. The latest effort comes from Brian Message, manager of the alternative band Radiohead, which gave away its last album, “In Rainbows,” on the Internet. His venture, called Polyphonic, which was announced this month, will look to invest a few hundred thousand dollars in new and rising artists who are not signed to record deals and then help them create their own direct links to audiences over the Internet.

[…]

Bands who take the Polyphonic route, he said, will need to have considerable entrepreneurial energy. For example, they might stay after concerts to “go to the merchandise store and sign their shirts and talk to fans, because they know they are right at the heart of their own business,” he said.

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man that last paragraph really takes the cake. what sort of bizarro world are these people living in? “maybe sign some t-shirts”… even if this makes money, this is a horrible idea.