Question
Historically, the record labels were the cash cows of the music business, using their own corporate capital to finance the development of recorded music and
Historically, the record labels were the cash cows of the music business, using their own corporate capital to finance the development of recorded music and artists. Corporate funding was also historically responsible for developing the trade in music products (instruments, recording gear, and accessories). More recently, a shift from corporate capital funding to venture capital funding and crowdfunding has become an important alternative source of finance. Do you believe that these recent developments make it easier to work your way into the industry today? Why or why not?
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