Freaky Rockenomics
I found an interesting article about the economics of music. I've always heard that many musicians depend on tours to make money but this is the first one I have seen that backs it up with numbers. Read the story here.How about with you independent folks. Is the Holy Grail of album sales worth fighting for? Would you be better off finding more venues to play in? Leave us a comment and let's get the discussion started
Time and time again, only the musicians that are truly good will prefer to play live and maintain control of their recorded music. It is more cost effective to back the live gig and give them a copy of their performance and/or experience during or after the show. Every musician who truly wants to play knows that is the more respected route. The mainstrain recording labels need to not re-invent the wheel, but they need to look back about 30 years and see that the model of promoting the band instead of the band promoting them is the root of modern music; Even Elvis toured non-stop before becoming famous. The biggest hting for the big shots in recording is to do whatever they can to restore their image as the supporting operators, and not the big daddy superstore image they have created for themselves. And... they need to fire any employee who cannot play an instrument. And they need to ditch support of MTV. They don't play music videos anymore anyway. If they are to make money, they need to realize that all the media outlets follow suit to their decisions and it does not need to be that way. Pushing back media independance to the radio stations is the only true way to go. They (the big recording studios) have concentrated the last 20 years on media domination: now they have nothing to compete with. To control all aspects of the business is no longer the model they need to be in.
Reply to this