Billy Bragg and The Bebo
March 24th, 2008
1. Artists on Bebo had no expectation of revenue.
2. Bebo provided the stage, not the artists.
3. Bebo was never a commune or co-op. It is a for-profit company providing a market.
4. If you owned a record store that did an amazing amount of business based on your marketing and strength of selection and you sold that company to Target for a profit, would you feel compelled to pay a dividend to each artist selling product in your store?
5. Bebo’s valuation was based on LISTENERS, not content. Sorry, but having a catalog only means something when someone pays attention. Bebo punched that clock.
Socialists…ugh.
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