No way of monetizing music except live shows: Rahul Ram

Rahul Ram of the popular band the Indian Ocean have noticed good and bad changes in the music industry. He says the bad thing is there is no way of monetizing music except to do live shows. “The record companies have seized to matter because nobody buys CDs anymore. It’s not like four people have a stranglehold on what gets put out. Because now, everybody puts out the stuff on the internet,” said Rahul Ram pointing out the changes in the music industry, which he has been part of since the ’90s. He has observed some bad things too. “The bad thing is there is no way of monetizing your music except to do live shows because many people in India do not pay for downloads. They rather get it for free and then you are left with just live shows as means,” the bass guitarist and lead vocalist of the Indo-rock fusion band said. (IANS)

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