Money 4 Nothing Oligopoly in the U.K. with David Turner of Penny Fractions
What would happen if a government took a serious look at the music industry and decided everything wasn’t alright? To our surprise, the UK Parliament has done just that, issuing a blistering report on label consolidation, monopolistic abuses, and streaming payouts—and issuing some interesting suggestions about how things could change. To help us dig in, we're lucky to have David Turner of the must-read of the Penny Fractions newsletter back on the show. We talk about the potential benefits of payola, the systemic oppression of advances, the awe-inspiring power of government-backed research, and why it’s so important to start music biz histories before the year 2000. As imperfect as they are, reports like this suggest a change might be coming. Figuring out what parts make sense—and what parts simply don’t—is vital prep work for the future.
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