Fri, Mar 2, 2012 3:11 PM EST

Hip-hop pioneer and entrepreneur Russell Simmons published a scathing critique of the film industry Friday and said the problem with those funding movies "is that while they believe in the concept of an all-inclusive, post-racial America, they don't trust in it enough to bank on it." "The music industry gets it because they have no choice," Simmons wrote in his piece published on [HollywoodReporter.com](http://www.hollywoodreporter.com/news/oscars-2012-billy-crystal-blackfac...) Friday. "Music executives couldn't segregate artists if they tried!"