whether it's a T-shirt or an,"instant bootleg or a hot dog," said Marsh, a broadcasting analyst at the investment bank SG Cowen Securities.
Why does he call this an instant "bootleg"? If a band authorizes a recording, it isn't a "bootleg", is it?
Millen and other band managers said they received one-third to one-half of the $15 disc price, terms they found agreeable.(Much more than from a record company.)
John Paluska, manager of the jam band Phish, said that the group had already sold close to $1 million in concert-show downloads over the Internet since opening the livephish.com site in late December.
The recordings are typically made available within 48 hours of a performance. So far, Phish fans have downloaded nearly 100,000 concert copies, compared with sales of 180,000 copies of the band's most recent album, "Round Room."
I think the record companies are in danger. They will become an extict species.
The bigger thing is that up and coming acts will learn that they really don't need the record labels for distribution anymore. Clear Channel is trying to still get a cut of whatever avenue comes along (I think that they even own the .CC block of internet domains).