Industry committee  Oops. I didn't even get my timer going.

Industry committee  I assumed as much. Thanks for having me. My name is Jeff Price. I ran a record label called spinART Records for about 17 years, releasing bands like the Pixies, Echo and the Bunnymen, Ron Sexsmith, and even a Gordon Lightfoot record. In 2005 I launched a company called TuneCor

Industry committee  Sure.

Industry committee  Well, I'm no longer with TuneCore. I left six years ago. I think of TuneCore or other entities like it as a kind of Federal Express, in that you pay them a fee to deliver a package. TuneCore generates its revenue just like Federal Express. They get paid a fee for a service that w

Industry committee  What I find fascinating is that there has never been more revenue generated from music than there is today, but less of it is going back to the creators.

Industry committee  Some numbers have been bandied about up here, and I want to provide perspective on those. A million streams on Spotify generates in the United States—and this is somewhat commensurate in Canada—somewhere in the neighbourhood of $200. That does not make a living. What's intere

Industry committee  First, to clarify, I certainly am impassioned with my feelings and my thoughts, but...these are not the enemy.

Industry committee  No, this is from me, because I can be very aggressive about that. I think what they've created is wonderful. The ubiquitousness of music creates a rare opportunity not only for consumers but also for technology companies and the creators themselves. What I have a problem with is

Industry committee  It's Pharrell.

Industry committee  I just know him as Pharrell.

Industry committee  The short version is that it's because of regulations from the government and the acceptance by the traditional music industry. It's created a flawed system. That is combined with the fact that—forgive me—the product isn't being sold at the right price point. I'm sorry, but $10 a

Industry committee  Old.

Industry committee  Yes, which is why the disintermediation of the label is so fascinating. One of the biggest challenges I've had sitting here is being quiet. To be honest, there were so many times I wanted to jump in and say, “Wait.” Remember from the do-it-yourself perspective that these are

Industry committee  I now know what you sound like as a French woman, by the way.

Industry committee  To answer that question—