Blender has released their Top 20 Biggest Music Industry Screw Ups, and we have a new chart topper!
Previously, the biggest music industry gaffe was Dick Rowe’s billion-dollar screw up in passing on The Beatles. That has now been surpassed. The new winner in terms of biggest music industry snafus: The Industry turning its back on the internet has moved into the #1 spot with a bullet.
Here’s the top 20:
20. As grunge dawns, one label bets on hair metal
19. The industry kills the single—and
begins its own slow demise
18. BMG dumps Clive Davis, begs him to
17. Thomas Edison disses jazz, industry
16. Warner pays for Wilco record twice
15. MCA’s teen-pop calamity
14. Stax Records unintentionally gives away the store
13. One label’s big spending
single-handedly ends “alt-rock” boom
12. Geffen pumps millions into (the
nonexistent) Chinese Democracy
11. Geffen sues Neil Young for making
10. Columbia Records loses Alicia Keys,
drops 50 Cent
9. “Digital-rights management” backfires
even more badly than usual
8. Warner junks Interscope
7. Music publisher gives away Bob
6. Casablanca rides strong sales straight
to the poorhouse
5. The RIAA sues a struggling single mom for
promoters take the major labels to the cleaners
3. Motown sells for a pittance
2. Decca Records A&R exec tells Fab
Four, “No, thanks”
1. Major labels squash Napster
Notably missing: When John Fogerty left Creedence Clearwater Revival to begin his recording solo, his record company sued him, claiming the songwriter had plagiarized himself.
The entire tale is sordid and ugly and makes the labels look even worse
than they really are, which is kinda hard to do. (See this: Fogerty’s Fabled Fantasy Fight).
Any other notable omissions?
20 Biggest Record Company Screw-Ups of All Time
Jon Dolan, Josh Eells, Fred Goodman
Blender March 11 2008
War against Web tops music biz "screw-ups" list
Reuters, Wed Mar 12, 2008 6:24pm EDT