Black People : Major Record Companies Manipulated Control of Black Music

Discussion in 'Black People Open Forum' started by RAPTOR, May 8, 2013.

  1. RAPTOR

    RAPTOR Well-Known Member MEMBER

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    By Kwaku Person -Lynn, Ph.D.
    OW Contributor

    To understand how major corporate record entities manipulated control of black music, we have to go back in time to dissect an elaborate, complex, financial and legal methodology.
    It is the common story of large businesses swallowing up smaller businesses, but in this instance, there are some unique peculiarities needing closer inspection.

    This story begins in the 1980s with the sale of Motown Records, a once black-owned record company, to MCA Records and Boston Ventures Limited Partnership. The Afrikan American community felt a great loss of one of its cherished institutions. Around that same period it seemed like war had been declared against the survival of black-owned record companies. Solar Records was involved in a suit, counter-suit with Warner Brothers Records for control of its assets. Sussex Records, a once fast growing black-owned record company, was forced to cease doing business for tax reasons. Philadelphia International Records, a quality black-owned record company, was under the distribution control, lifeline to its financial survival, of CBS Records (also known as Columbia Records).

    These are mammoth events virtually placing the dominance of recorded black music in the hands of major record companies. The hidden agenda may have been the closing of all doorways towards the development of full service (production, manufacturing, distribution) black-owned record companies in America. Had this occurred, as improbable as it seems today, it is possible that black record companies would have ultimately controlled a larger or equal percentage of the music business, competing with major record companies.

    It was told to me by Dave Parker (oldest promotion man in the business at that time), that of the $500 million dollars made in 1987 by CBS Records, approximately 80% was from black music. black-owned record companies were obviously seen as a potential threat to the control of the music market.

    Read more:
    http://www.zimbio.com/Rap Music/articles/315/Major Record Companies Manipulated Control
     
  2. jamesfrmphilly

    jamesfrmphilly going above and beyond PREMIUM MEMBER

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    i been saying this for years…..
     
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