Wednesday, 27 May 2015
Imagine a business that made more than 12 billion dollars (that's US $12,470,000,000), including almost 3 billion dollars profit in 2014. That's double their profits in 2013 which are the amount it cost to operate the whole City of Ottawa (arts funding, OC Transpo, garbage collection, water, libraries, etc.) in 2013. Those windfall profits were made without creating original, published work of its own – except for updated legal terms that grab as many rights as possible to artists' original works, without paying them one cent.
Is this an exploitative record company returning from decades past? Or a mega-conglomerate of charities and small venues who want musicians to play for free? No. It's Facebook, where you can be both their free content provider, and their product: what they sell is your personal information.