BBC NEWS | Entertainment | Music | Net label plans music revolution:

It’s taken long enough: the bottom line is probably that any given act that pushes hard enough to get a contract these days (and isn’t simply a set of manufacturered-to-order puppets) is likely to have mastered the basics of recording and mixing: a couple of thousand pounds for computer and software might well give results that are up to 80 or 90% of the quality of using a full recording studio. Add in the fact that downloads are lossily compressed and it’d probably be hard to tell the results apart, although I’d be the first to admit that an experienced sound engineer would work wonders, are you going to get one for your first single ? No, probably not.

The best bit ? A startlingly honest usage of someone elses talent:

“…artists retain ownership of their masters and copyrights while signed to this label.”

That’s the part that I like the most, as it removes the biggest problem (in my view) of a big label although it could make life hard for independents. Perhaps they have realised that the biggest drain of their profits is paying the army of laywers and politictians, and if they just reduced all legal exposure to next to zero and simply spent on marketing and a really fast internet connection they’d make more money.

Nice to see they’re only 5 to 10 years behind the rest of the planet, then. Now, about the law suits aimed at 9 year olds and the retail price of the music vs the cost of manufacture and the artists profit margins…