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Rahul Ram of the popular band Indian Ocean, has noticed good and bad changes in the music industry. He says the bad thing is there is no way of monetizing music except to do live shows.

“The record companies have seized to matter because nobody buys CDs anymore. It’s not like four people have a stranglehold on what gets put out. Because now, everybody puts out the stuff on the internet,” said Rahul pointing out the changes in the music industry, which he has been part of since the ’90s.

Indian Ocean Bandmate Rahul Ram: “There’s No Way Of Monetizing Your Music Except To Do Live Shows”

He has observed some bad things too.

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“The bad thing is there is no way of monetizing your music except to do live shows because many people in India do not pay for downloads. They rather get it for free and then you are left with just live shows as means,” the bass guitarist and lead vocalist of the Indo-rock fusion band told IANS.