At the top of every major label lies various profit driven capitalists. Each major label has a board of shareholders (usually aged 45+) who they have to answer to.
You see, even with Warner Music Group being $2 billion in debt and having to cut 100’s of jobs, the top executives will still find a way to go to Cancun 3 times a year on “business trips” and make sure they get their bonuses and pay raises.
Maybe Warner should try to reduce the amount they spend on lobbying & political contributions as a starter. (more…)