Earlier this week the publishing catalog of metal mega-label Century Media has been pawned off for an undisclosed sum to Reservoir Media, a publishing boutique holding the royalty rights to songs by a variety of pop artists ranging from Drake to Lady Gaga. In investment terms, a boutique is defined as a financial firm that deals with a specific market, so picture Reservoir as a wealthy Wolf of Wall Street-like conglomerate recklessly gambling with the royalties of musicians. This is common in the modern music market, where suits are making bets on the evolving payout methods streaming services, but the surrender of Century Media’s entire catalog of albums (Death, Paradise Lost, In Flames) to a finance firm playing with house money goes to show how desperate the corporate metal labels of yesteryear have become.
5 CommentsTags: candlelight records, capitalism, century media, century media records, copyright, crypto-indie, mainstream metal, music industry, reservoir media, spinefarm records, steve albini
