What if someone started a real underground music label on the dark web. Bitcoin only, no banks, no streaming and no middlemen. Artists could drop music, earn for say 5 or 10 years, then the rights go to the public domain. No corporate ownership, no lifetime contracts.
Could a label like that actually work?
Because the current rules are way out of proportion. It would encourage artist freedom without large constraints. It would be an alternate to the mainstream. It would foster new art that wouldn’t be possible with the current standard.
How would it do anything but the opposite of all that? For the majority of artists, they don’t break even on a release. Even most of those who do only do so long after 5 years have elapsed. If they’re really lucky, someone might come across a track a decade later and licence it for a TV show.
So you’re advocating less money for artists, and the loss of their rights (and potential income) after 5 years. And you think that would encourage or foster new art?