Latest / Earn Your Leisure / How Big Companies *Kill the Competition* & Control the Music Game

Transcript

How Big Companies *Kill the Competition* & Control the Music Game · Earn Your Leisure

• 0:01
  Speaker 1: Earners. What's up.
• 0:02
  Speaker 2: You ever walk into a small business and everything just
• 0:04
  Speaker 2: works like The checkout is fast, the receipts are digital,
• 0:08
  Speaker 2: tipping is a breeze, and you're out the door before
• 0:11
  Speaker 2: the line even builds. Odds are they're using Square. We
• 0:15
  Speaker 2: love supporting businesses that run on Square because it just
• 0:18
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• 0:21
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• 0:23
  Speaker 2: merch partners, Square makes it easy for them to take payments,
• 0:27
  Speaker 2: manage inventory, and run their business with confidence, all from
• 0:31
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• 0:35
  Speaker 2: just thinking about launching something soon, Square is hands down
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  Speaker 2: one of the best tools out there to help you start, run,
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  Speaker 2: and grow. It's not just about payments, it's about giving
• 0:45
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• 0:47
  Speaker 2: most Ready. To see how Square can transform your business,
• 0:51
  Speaker 2: visit Square dot com backslash go backslash eyl to learn
• 0:56
  Speaker 2: more that Square dot com backslash, go backslash eyl. Don't wait,
• 1:01
  Speaker 2: don't hesitate. Let's Square handle the back end so you
• 1:04
  Speaker 2: can keep pushing your vision forward. This episode is brought
• 1:10
  Speaker 2: to you by P and C Bank, a lot of
• 1:12
  Speaker 2: people think podcasts about work are boring, and sure they
• 1:16
  Speaker 2: definitely can be, but understanding of professional's routine shows us
• 1:20
  Speaker 2: how they achieve their success little by little, day after day.
• 1:24
  Speaker 2: It's like banking with P and C Bank. It might
• 1:27
  Speaker 2: seem boring to save, plan and make calculated decisions with
• 1:30
  Speaker 2: your bank, but keeping your money boring is what helps
• 1:33
  Speaker 2: you live or more happily fulfilled life. P and C
• 1:36
  Speaker 2: Bank Brilliantly Boring since eighteen sixty five. Brilliantly Boring since
• 1:41
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• 1:44
  Speaker 2: Financial Service Group, Inc. P and C Bank National Association
• 1:48
  Speaker 2: Member FDIIC.
• 1:51
  Speaker 3: Let me ask you this. On the independence side, Snoop.
• 1:54
  Speaker 4: I only met Snoop one time and it was crazy
• 1:57
  Speaker 4: because he gave a lot of game just in a
• 2:01
  Speaker 4: very short period of time. One of the things that
• 2:03
  Speaker 4: he said was extremely insightful. He was saying that we're
• 2:06
  Speaker 4: talking about Beats BA Dre and you know everybody know that.
• 2:09
  Speaker 4: I think Apple bort it for eight hundred million dollars
• 2:11
  Speaker 4: something like that, And he was like, sometimes they'll buy
• 2:14
  Speaker 4: you to shelf you, yeah, meaning like Beasts by Dre
• 2:19
  Speaker 4: was lit. They had everybody they had all the rappers,
• 2:21
  Speaker 4: they had athletes there. You don't really see too much
• 2:24
  Speaker 4: about Beat by Dre now, so his Apple Apple, Apple
• 2:28
  Speaker 4: bought them, so he's his thing was like, as soon
• 2:30
  Speaker 4: as Apple buys Beats ba Dre, all you hear is
• 2:32
  Speaker 4: the iPod, the AirPods. So they essentially brought the competition
• 2:37
  Speaker 4: to kill the competition so they could push their products,
• 2:40
  Speaker 4: which is AirPods as opposed to Beats by Dre.
• 2:43
  Speaker 3: What have you heard that before?
• 2:44
  Speaker 4: Though, Well, that's why I'm tied in with the music
• 2:47
  Speaker 4: because like slim Thug is my guy, Like that's a
• 2:49
  Speaker 4: personal friend of Buston. And he was saying like how
• 2:53
  Speaker 4: he kind of regretted going to a label because it's
• 2:57
  Speaker 4: like the label, the allure of a label, like I
• 2:59
  Speaker 4: got a d I got my own label under a label.
• 3:02
  Speaker 4: But he was like, looking back on it, it was
• 3:07
  Speaker 4: better to just stay the independent route.
• 3:10
  Speaker 3: You think that that the music business has done that?
• 3:12
  Speaker 5: Like, of course that's what I was alluding to earlier.
• 3:15
  Speaker 5: I even take it a step further. Okay, then all right,
• 3:18
  Speaker 5: see y'all starting with I'm trying to stay on business.
• 3:22
  Speaker 1: All right, So peep this, watch this, watch this.
• 3:25
  Speaker 5: Gonna blow your mind. It's funny because I saw part
• 3:32
  Speaker 5: of it here. What was the big the Virgin megastore.
• 3:36
  Speaker 5: That was when I knew they won. Watched this, so
• 3:39
  Speaker 5: they sucked up all of the independent artists. First, gave
• 3:42
  Speaker 5: us more money than we ever seen before. But what
• 3:45
  Speaker 5: that is to them is a tax right off, right,
• 3:47
  Speaker 5: because they make sure in most cases that we fail.
• 3:50
  Speaker 5: And then the other rappers who were like me, unlike
• 3:55
  Speaker 5: you know what I'm saying. If if if let's say
• 4:00
  Speaker 5: Manny Fresh decided that he wanted to leave, right, I don't.
• 4:04
  Speaker 1: Have that problem because I produce.
• 4:05
  Speaker 5: Also, if Baby decided to leave, then they don't have
• 4:09
  Speaker 5: to worry about that because I run my business. I
• 4:11
  Speaker 5: understand my business. If Wayne decided to leave, whether they
• 4:15
  Speaker 5: rapper left or Julie decided to leave, a BG decided to.
• 4:18
  Speaker 1: Leave, well I do the rappers. I do the rapping.
• 4:21
  Speaker 5: So what ended up happening is is after they soaked,
• 4:24
  Speaker 5: they gave all this money and we thought we had
• 4:27
  Speaker 5: all of this money. And then the first thing that
• 4:29
  Speaker 5: you all know, I didn't understand is what forty forty
• 4:32
  Speaker 5: five percent of it is gone just in taxi right,
• 4:36
  Speaker 5: then you're catching up for all of the borrowing that
• 4:39
  Speaker 5: you did and not having or getting your first house
• 4:41
  Speaker 5: and car, getting your mom straight what see.
• 4:44
  Speaker 1: Long Green said that money be gone. So they did that.
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  Speaker 2: That was easy.
• 4:48
  Speaker 1: Didn't watch what they did.
• 4:50
  Speaker 5: I myself got a seventy thousand dollars check from Southwest Distribution.
• 4:58
  Speaker 5: We didn't need the majors we had and Zalees we
• 5:00
  Speaker 5: had Southwestern. We had distribution companies, real solid distribution companies.
• 5:05
  Speaker 5: They soaked them up and bought them out. Then guess
• 5:08
  Speaker 5: what they did. Black people learn how to get mom
• 5:12
  Speaker 5: and pop stores, even though a lot of them was
• 5:14
  Speaker 5: burning CDs in the back in bootlegging. But that was
• 5:18
  Speaker 5: we even learned how to We actually learned how to
• 5:20
  Speaker 5: press CDs the fact.
• 5:23
  Speaker 1: Then they sucked up the mom and pop stores.
• 5:25
  Speaker 5: I don't know if you'll remember when they would put
• 5:27
  Speaker 5: the Feds started going to the mom and pop stores
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  Speaker 5: like they were really like they were selling drugs. Bro Right,
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  Speaker 5: So then they sucked up the mom and pop stores.
• 5:36
  Speaker 5: Then after they sucked up the mom and pop stores,
• 5:38
  Speaker 5: then they went for the major stores.
• 5:41
  Speaker 1: Bro. We at Virgin all we got to doing, say
• 5:43
  Speaker 1: the Virgin.
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  Speaker 5: Mega store bro literally, and I know I know Jordan,
• 5:49
  Speaker 5: but I gotta say it, bro, Like the Virgin Mega
• 5:53
  Speaker 5: Store was one of the few times besides walking into
• 5:55
  Speaker 5: a strip club, where I think I slightly had.
• 5:57
  Speaker 1: An orgasm when I would walking to the store.
• 6:01
  Speaker 5: I mean just being a I mean just being a
• 6:03
  Speaker 5: b one thing that people don't understand about me.
• 6:05
  Speaker 1: Bro, is I really loved hip hop. I really loved it.
• 6:08
  Speaker 1: I really thought it was this real thing. Bro.
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  Speaker 5: I right, like, Bro, and I peak what they did
• 6:15
  Speaker 5: to the game, Bro, and then we were okay with
• 6:18
  Speaker 5: streaming after that.
• 6:21
  Speaker 1: Bro. Like we it's just like, Bro, we are addicted to.
• 6:25
  Speaker 5: Following our pressors, no matter how they treat us, no
• 6:29
  Speaker 5: matter how bad they do us, we run behind them.
• 6:31
  Speaker 1: Bro. I just left Forbes, and.
• 6:36
  Speaker 5: What I was telling them over there at Forbes was like,
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  Speaker 5: one of the sad things is that we get caught
• 6:40
  Speaker 5: in the trends, no matter how detrimental those trends may
• 6:43
  Speaker 5: beat us. Like I told them, there's nothing from a
• 6:48
  Speaker 5: business standpoint that you.
• 6:50
  Speaker 1: Can tell me that was positive about streaming.
• 6:52
  Speaker 5: And you all are owned your business acumen, bro, At least.
• 6:56
  Speaker 1: At y'all age. Bro, I don't know too many people.
• 6:58
  Speaker 5: Y'all ages beat y'all on that side, tell me one
• 7:02
  Speaker 5: positive thing about streaming you were getting. I just told
• 7:06
  Speaker 5: you I was getting ten dollars a CD, two fractions
• 7:09
  Speaker 5: of pennies to just allow somebody to play my music
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  Speaker 5: over and over again on their site.
• 7:15
  Speaker 1: That's all streaming is.
• 7:16
  Speaker 5: They just play up, perpetually play your shit over and
• 7:18
  Speaker 5: over again, and then people tap into their site.
• 7:21
  Speaker 1: What's smart about that?
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  Speaker 3: It's just psychological.
• 7:24
  Speaker 4: Even Swiss Swiss Beat had said something that was insightful
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  Speaker 4: off so with you know, he went to Harvard like
• 7:29
  Speaker 4: that program that they have, and he was like, one
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  Speaker 4: thing that he picked up is that in business, you
• 7:34
  Speaker 4: don't have to give somebody ownership, but you just make
• 7:37
  Speaker 4: them feel like they have ownership in their work.
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  Speaker 3: So he equated that to labels.
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  Speaker 4: He's like, so when they started giving everybody a label,
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  Speaker 4: they felt empowered because now you're under a powered structure
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  Speaker 4: that you psychologically want to be under anyway, and they
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  Speaker 4: make you're still a worker, but you have a title
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  Speaker 4: of a CEO. So now all everybody got a label,
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  Speaker 4: but nobody has distribution, nobody has real ownership.
• 8:02
  Speaker 3: But that's a way to keep everybody happy and satisfied.
• 8:04
  Speaker 6: An illegal alien from Guatemala charged with raping a child
• 8:08
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• 8:12
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• 8:16
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• 8:20
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• 8:24
  Speaker 6: Donald J. Trump's leadership. I'm Christy nom the United States
• 8:28
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• 8:33
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• 8:36
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• 8:40
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• 8:43
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• 8:47
  Speaker 6: never return. But if you register using our CBP home
• 8:51
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• 8:55
  Speaker 6: Do what's right. Leave now. Under President Trump, America's law
• 9:00
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• 9:02
  Speaker 3: Sponsored by the United States Department of Homeland Security,