In another interesting industry story, this article claims (behind quotes from anonymous "highly placed digital music sources") that Google has offered at least one record label over $1 billion "for all the rights in every country for every piece of music and for every platform." A piece of the article is below.
Can't see this ending well. Anyone who thinks Google is going to treat artists better than the labels do is pretty naive.
Musicians need to start finding DIY ways to self-finance and democratize the distribution of their music. Major labels can be atrocious, but the idea of having "a consortium" of mega corporations in charge of all of the music ever feels like the first step into a dystopian sci-fi world.
...so Google would own the rights to every song and decide where it can and can't go to? What would the labels even do at that point?
Plus, if Google owns it all and is selling it themselves, would they even allow it on iTunes, Amazon, and the like. That's just scary to think about.
Also, that would mean that all of the rights for all of the music at a label costs the same as Instagram. That's pretty fucked.
I'd assume the label would still operate the same way and handle the day-to-day operations of actually being a record label, essentially feeding new "artists" and music into the Google machine, as everything created would then be owned by Google.