Getty Images buys Pump Audio, aims to streamline music licensing| Entertainment| Industry| Reuters

Getty Images buys Pump Audio, aims to streamline music licensing| Entertainment| Industry| Reuters

3 July 2007

"Everyone always focuses on the grand slam, but that's not
a sustainable way to build an industry," Klein said. "There's a
focus on licensing a tiny percentage of the catalog in a very
complex way with prices in the stratosphere that have no basis
in reality to a small number of people ... We want to simplify
the process."

I thought Pump looked pretty good. Good enough for Getty to buy them. The big music players are desperately trying to extort as much money as possible via licensing, because sales have dried up. Its a good opportunity for smaller musicians. So all of these small licensing outfits have sprung up.

http://www.reuters.com/article/industryNews/idUSN0128501620070702

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