Monday, June 9, 2008

Wal-Mart: The New Record Label

http://www.negotiationlawblog.com/walmart.jpg

What's on the Wal-Mart shopping list today? Toys for the kids, a big juicy steak, maybe a video game or two, and hell... why not a record contract while we're at it?

Thanks to new-age musicians and promoters, people will pretty much sell out to anyone these days. Be it Starbucks or Wal-Mart, who cares, just as long as the CD sells. The Times recently reported on David Cook, Carrie Underwood, Keith Urban and Journey's involvement with the emerging record giant, Wal-Mart.

To summarize one portion of the article, in a back-handed slap of a move, Journey cut out the middle man, selling a three CD set titled "Revelation" directly to Wal-Mart, overstepping the record company. As such, Journey & Co. receive royalties directly, rather than loosing a percentage to a label.

In short, go to your local Mom and Pop and wish them Bon Voyage, then stop by Sony/BMG and do the same. Up yours, Wal-Mart.

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