From Steve Sherman at Townhall,
I’ve written several pieces over the last year about the government controlled monopoly in the music industry. The big boys of music — the American Society of Composers, Authors, and Publishers (ASCAP) and Broadcast Music, Inc. (BMI) — have been spending millions to keep their power and their billions. They represent what can be called nothing other than “Big Music”. Big Music has been seeking to maintain control of their dynasty by controlling the politicians in power.
Most monopolies only exist by government sanctions, and Big Music is no different. It all comes down to legalese, fractional licensing, and consent decrees. This has been playing out in the courts overseen by the Obama Department of Justice. Big Music, like most of the world, assumed we’d be listening to music under Hillary Clinton “law and order” right now. They were stunned like every other liberal on the planet that the Trump Train has rolled into DC and set up shop for the next four years.
He goes on to ponder the short-sightedness of Big Music’s kingpins:
Wouldn’t it have been easier to just send a few musicians out to the inauguration? That would have scored a few points for their cause, but in the end, it shouldn’t matter about favors like that at all. The fact that they put their politics on full display only makes it easier for the new administration to do what is right by the law and in the best interest of the people. More.
Reality check: Essentially, like both US political parties, the kingpins got out of touch with their base, in this case, their customers. And then whose fault is it if the customers aren’t onside? To the extent that they don’t understand that the enemy is not Trump, but the internet, they won’t know how to climb back out.
See also: SONY trying to save its Hollywood investment
Vanity Fair: Hollywood is over