Joe Budden Exposes The Music Industry & Labels | "All of Them Are Broke!" 

Soon as I moved to LA I realized artists were broke, film industry too

The music industry did it to themselves by not putting real music out.

Remember Prince warned us about this years ago.

Literally damn near EVERY song on various Spotify playlist sounds EXACTLY the same in every genre, except underground Hip Hop.

Times has definitely changed. You don’t need a major label anymore.

Streaming Killed Music. Once it became expendable. Where you no longer have to purchase physical copies. Businesses and listeners lost ...

America is done not just hiphop

It’s definitely all about having a side hustle Rihanna didn’t become a “billionaire”until she stated a skin care & lingerie line she’s in no rush to put out an album.

Labels did themselves in with their greed. The need to control the market has killed the market. When the entity that owns a monopoly on the market is incompetent, the whole market will crash.

Great Hip Hop and RnB music left with the record stores 5:46

How is there American K-pop when K-pop is a bad imitation of American pop in the first place 😂😂

A lot of K-Pop artists are American. Asian American rappers that didn’t pop here, go back overseas and get bread. Snacky Chan was an Indie, Backpack rapper in the states but became a K-Pop artist in Korea. Chinese wise, Jin didn’t pop in America so he went to Hong Kong and got paid.

Hot take from Joe but I see it, artistry and talent isn't important, streaming and virality is to labels. Look at the quality of music last year

UNDERGROUND RAP IS BACK THANK GOD! BACK TO THE MIX TAPE ERA !

The mainstream basically pimped Hip-Hop and saturated the market with it until it became played out and everyone got sick of the sound. They aged the genre like a presidential term. I saw this shit coming 10 years ago when blockbuster movie OST's were crammed full of Hip-Hop tracks that didn't even fit with the movie at all. They're moving on to the new cash-cow which is Latin music.

Yep, they stopping ninjas from getting paid with rap/hip hop. Time to take control and start making cds and start back selling them out the trunk or getting a website and sell your music from there. And once you establish that, STAY AWAY from those record labels. DO YOUR OWN THANG!!

I actually miss going to the store in Tuesdays to buy CDs. The streaming services don’t have the same quality of music that CDs provide.

I love these conversations because I feel the JBP and to an extent Akademicks are the only ones giving it up on the music industry like this.

There is nothing new under the sun. Support independent artists, they are the ones with the creativity in there genes because of passion. Nothing has been original in a very long time and I mean going back to the 1800’s. Music is constantly recycled, has been for generations, nothing necessarily wrong with that but I also think it’s over saturated, it’s too easy, accessible to do music now, SO much content being thrown out it just makes you want to listen to your small circle of artists and that’s it.

The one thing that Joe is ABSOLLUTELY right on here is the fight between UMG and TikTok - the number of acts stranded on UMG and all of their subsidiaries that just lost the promo mechanism that the industry has been aggressively telling them THAT is what they must do to get the kids (and god help you if you built your audience there)... it's already impacting the charts en masse and it's going to leave a lot of acts "underperforming" when in reality it's far from their fault.

I remember SchoolBoyQ said he makes more money golfing.

Prince called it! God rest his soul.

Being part of the music industry must be HELL

Customers’ taste change every 7-10 years. New times 🤷🏾‍♂️

I don’t like cover songs…we need new lyrics about different topics

This was a good take. I think artist made the most money from 2003 to 2012. Any artist that were new solo artist during those time periods probably still have a lot of money (like bey, ye, drake, Adele, Rihanna, Bieber, etc)

its happening in the clothing business also.

Great time for the independent artists.

Another problem is ppl think clout and followers equals more streams

Being able to come up from any Online streams has affected the game across the board

It’s all y’all fault! Y’all let rap artists go super sonic on autotune and call it a hit! Im still a boom bapper but it’s gotta be good!

I wanna know were was parks wen DR UMAR came on the show 😂😂😂

Chuck Barry! OMG! I was screaming at my screen 😂😂

I see they watched French Montana sit down with DJ Clue 😭.

Mel is fire. This was a good conversation

I’m glad Parks is getting more video time. I respect his contribution to this pod. Dude dropped knowledge with the royalties input.

Money is in SYNC music (for ads, movies, radio etc) that’s the direction I’m trynna go in😴 yes to artistry but bills and holidays gotta get paid…

Lmfaoooo was that the blazing squad 😂😂😂😂

Parks get it on this one. Good point about covers

Nothing but facts

as a music publisher, the biggest market for business opportunities is outside of the US, Latin America my guys are booking 5 to 6 shows a month and RU-vid and SoundCloud is the biggest markets to get exposed to easy money. granted pps is lower but it balances out

Streaming platforms took over because it became too difficult in the technology age to protect the content. Technology continues to advance. What many miss while still relying on distribution platforms is that it is becoming more possible to protect your own content. You will see more artist going direct to consume in more creative way and you will see a new age version of the mixtape era and eventually some blockchain platform where mechanical royalties can be distributed instantaneously will come to knock off the giants

This is why they’re buying all these rappers catalogs so they can recycle their lyrics with these ai rappers

I came up on lil Wayne , ludacris , Mario , kid cudi , The dubstep faze (also kid cudi) , linkin park, ne-yo, G unit , UGK , Nipsey hussle , early drake , T.I. , Jason Derulo , Trey Songz, Lloyd , OutKast, 2 pac , biggie, mob deep , 3 6 mafia, Afro man , tommy wright ll , and the list goes on, all these artists had completely different styles, then soulja boy and Chief keep came and took people to a new sound that was good at first but also the beginning of the end and they are part of the reason we are here today and all the old heads complained and warned us and here we are, I don’t even listen to music anymore when I’m driving and when I am I’m dam near forcing myself to listen to shit I have to back to old music just to enjoy it and I’m still in my 20s and already feel like an old head

Damn it seems like we’re in the dark ages again with Hip-Hop and rap. K-pop was hella niche in the early to mid 2010s now it has become more popular. Artists in South Korea are making hella bread.

Artists have been covering each other's songs for years! It's only really shunned in Hip Hop because rap is supposed to be about authenticity!

This is what you get when you: - Depend on audiences and big tech to control who gets seen and keep following trends (algorithms) instead of creating them - Dont develop, sign, and invest in strong talent that will last for decades - Make terrible deals with platforms that give horrible payouts for streams In the end, if the artists arent having a good time, eventually nobody will. Word will get out, the talent will figure it out and eventually leave the table. Also, influencers have been a bug in the system that takes that attentioj away from potential musical talents

The sad truth! Thanks Joe for bringing this talk to the forefront!

This is why im goin to continue to grow 🪴 more Independent be my own Boss gettin my own Big Bag 💰 own everything of mine Cut tha Middleman off create & signed my own label soon💯

We need original lyrics and compositions!

Joe says all the artists are broke and aren’t making any money from music 0:02 but then says that he doesn’t know if this is true because he can’t get the information from the top though 0:22 He just contradicted himself in 20 seconds . Joe will say anything for clickbait! 😱😱😱😱😱

NAS is still killing it

Joe i like this show better than the old podcasters. Could i be apart of live audience one day

Hip Hop isn't dead. But Hip Hop on major labels is completely done.

Probably reason why American artists are collaborating with UK Artist a lot more than in the past. Initially UK artists created their own lanes expanding through out Africa, most European countries and Australia not relying on Labels.

Whitney Houston (RIP) made a bunch of cover songs, including "I Will Always Love You" by Dolly Parton. Cover music is like re-releasing Jordan models in different color ways; very profitable if the consumer loves it.

About the music industry, the best thing that could happen to artists today would be an app that let you register your name as a label, so upon registration in the app, you the "artist" is the brand and become automatically your own label, allowing you to keep all your publishing, all your masters, and all your royalties. Everything you create you own, making the major record labels completely obsolete for the music industry we know today and for all future generations to come.

I don’t either

This is great! Now that the money gone the artistry might come back but it gotta lay low for a few

The song you played was from a 90s UK pop band who were signed to Rocafella

Whitney sang I will always love you and it made big bank for Dolly Parton because it was her song originally.

That’s why, even after all these years, I still listen to immortal technique daily. Hes the goat

The landscape of rap has shifted significantly, with a noticeable emphasis on constant dissing and confrontational lyrics. This approach has left many feeling fatigued and yearning for a more evolved form of expression. Where are the days of Lauryn Hill's soulful storytelling or the uplifting narratives akin to "Jesus Walks"? Moreover, the camaraderie of group rap songs seems to have dwindled, replaced by a trend towards sampling without much originality. Perhaps it's time for a return to the basics: rich instrumental productions and albums that delve into deep conceptual themes. We crave tracks that uplift and inspire rather than perpetuate conflict. The era of incessant dissing feels outdated; it's time for rap to embrace a new era of authenticity and creativity.

Rap has nothing new to talk about. Got away with changing the sound every few years, but it's running out of steam. Very few rappers make timeless songs.

One of my songs was covered during this UK run discussed here. TRUST ME, it’s a good thing.

It's been like this for a while hasn't it? Get a deal. Tour. Market products outside of music. Repeat. No-one really buys music anymore, streaming made sure of that.

So it's safe to say Jay was ahead of the game.

So when everyone was going into selling their catalogs and rights, no one saw this coming?

Rihanna is a great example of that, that’s why she been gone when she realized where the money is at .

NO lies and touring is definitely done if they're signed to a 360.

The lack of knowledge towards covers in music... is uncomfortable

Soon as the 360 deal and mixtapes got big, I knew it was a problem

I am a musician. I work hard and I’m going to create a record label combined with technology to help solve this problem

Artists like Spitta and Larry June are getting to the bag for sure, but as they already said indi artists are exempt. The indi artists actually have organic core fanbases that will go to their shows, buy merch and consume their music on a consistent basis. A lot of these mainstream label signed artists don’t have really have any of the above, so they will inevitably fail once their labels stop propping them up.

What's the name of the music genre that the uk artists are singing 90sR&B? I GOTTA HEAR THIS ISH!

Facts lol I agree all day with Joey

This topic is probably one of or the most important topic discussed ever. U guys touched on something really 🔥🔥🔥 and they don’t like it. If u were hoping we share this, no luck. FB banned this vid. You’ll have to settle for a like.

Where yall get that black Charlie Brown from?

Hearing this argument created a lightbulb moment for me….could THIS (the potential future of just producing song covers) be the reason people are paying premiums NOW to buy artists’ catalogs? Bc they know it will pay off greatly down the road as the trend shifts to song covers? 🤔

I think the better question is how can we be innovative while using AI as a tool to get what we want. We at heart are creative beings so it’s like let’s pivot and think of a creative way to use AI

European pop is a perfect example of this. I listened to this stuff years ago and I was like "it all sounds the same"

He meant to say Little Richard Elvis through the label stole his songs. "It is Called Compulsory Licence law"

8:04 I've heard this somewhere once before the Elvis stole music I don't know how true that is but I did hear that I'm from Memphis and I did hear that I think it's sort of like the comedians with Katt Williams was talking about if somebody can take your material and get big before you do then I guess that's the norm. I do music that's a very well happen to me. I think it's one of the lowest things you can do to a person though.

Bringing up the UK pop acts redoing those songs had no business being in this conversation, that was all done in the 90’s it’s not new 🤦🏿‍♂️

They’re definitely fixing to start taking our music from the 90’s and put a 🧑‍🤝‍🧑 face on it. Thats why they started buying up all those artist publishing a few years ago.

5:18 who is that 😂

Basically like the housing market/ bubble burst in 2008-2009

It's Sad this is where we're at.... SMDH

Parks right on the money, Luther giving us them joints, man even Usher and Lil Jon with Lovers and Friends, covers are great, unless you not the writer

This the first time i saw parks not wearing all black lol

It’s crazy because I grew up never thinking about making money selling albums or streams. Always thought about just capitalizing off of my notoriety.

in a few years, the headline will be Joe Budden Exposes The Podcast Industry & Spotify | "All of Them Are Broke!"

Welp… that explains the beef

IMO in reference to hip hop, DSP's cost rappers their passion. It's all about getting streams instead of really becoming "King Of Rap". In MP3 DatPiff/HNHH/WSHH days it was a lot more hunger. Plus a lack of artist development. So the product became disposable which made it less lucrative. The formula of flooding the streets with mixtapes to draw in the audience became lost. Posse cut remixes/ Cyphers/ Radio freestyles all just died down. Niggaz don't even debate who's the best anymore cuz they all here today and gone tomorrow.

Agreed

About 2/3 of all country songs are covers. That's interesting how that's happening with 90s R&B

I sold my cd out the trunk of my car ..got every nickel

Covering songs is like sampling…it’s a good thing and everyone makes money

I feel like we're all just waiting for the bomb to go off...in general

Yeaaaaa i remember back in the late 90s early 2000s in UK all the american covers/remakes/interpolations were crazzzzzy. The best was Lamar - 50/50 on the Cant knock the hustle beat but worst must go to Blazing Squad for Crossroads 😂