Rhapsody VP and general counsel Cecily Mak has criticised the licensing strategies of major labels, in a speech at the Digital Music Forum East conference in New York. “We had as recently as last week at SF MusicTech somebody from a major record label basically sit there and say publicly that to get that license from the major record label you need to bring significant advances [and] you need to give up equity in your company,” she said, according to Digital Music News. “I could comment further on that but it’s just a brutal, brutal reality for companies that want to do something really innovative and cool and come into market. And I think it’s perhaps it’s too significant of a barrier.” She was referring to comments made by Universal Music Group’s David Ring, who had described advances as not “unreasonable, outrageous or unfair, or earth-shattering”.
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