Tim, I don't think it is that simple. And 360 deals really emerged after the record companies were in decline. I started dealing with Internet content stuff back in the mid-90's before the music hit the fan. Hard to compete with 'free.' And there were some great, great people at those labels back in the day. And a heck of a lot of bands did get a shot because the companies could take some risks.Facinating. He predicted the subscription model a year before Spotify launched. Of course the music business had a few years in which they could have taken that model away and buried Spotify, but they blinked. And they continue to decline. But I don't think Spotify is the new paradigm either. It may be subscription, but it has to have enough revenue to compensate artists fairly, and it has to become a powerful promotional vehicle for new music and the shows and merchandising of established artists. An industry is not sales and distribution; it is the product. An art industry? Even more so.
The funniest part of this? The record company thinking they could demand 50% of artists touring and merchandising money. They sat on their fat and let the business get away from them, creating the dynamic that resulted in most artists making very little from recording, and for their effort they thought they could ask for half of what they have nothing to do with? The arrogance is stunning. These clowns deserve to lose their business.
Tim
Tim, I don't think it is that simple. And 360 deals really emerged after the record companies were in decline. I started dealing with Internet content stuff back in the mid-90's before the music hit the fan. Hard to compete with 'free.' And there were some great, great people at those labels back in the day. And a heck of a lot of bands did get a shot because the companies could take some risks.
Those were the good old days, for sure, but they're gone. Doc is right that change comes hard to those who've had the successful model for decades. But change is here, ready or not. I don't think the next successful model has been invented yet, because you're right, it's hard to compete with free. Apple did it, but it's hard. Spotify did it, but it's hard. But neither of them have monetized it sufficiently to support developing talent, and it can't last without developing talent. So I don't think the next successful model is here yet. But it's not coming from the majors. They're done. They're on life support and will probably diminish slowly for a couple more decades, but they're not the future of the music business..MHO YMMV.
Tim
One thing that is encouraging to me is how artists are sucessfully using social media to promote themselves and bypass the traditional music distribution channels. I'm an old fart and I hear about many concerts and new music via social media. I subscribe to 'Feedbands" and have been a sponsor for multiple Kickstarter music projects.
One last thing...My son is a freshman at Berklee and they have an army of people working with the kids to help them develop their own webpages, master social networking and self produce/promote their music. Pretty cool stuff.
One thing that is encouraging to me is how artists are sucessfully using social media to promote themselves and bypass the traditional music distribution channels. I'm an old fart and I hear about many concerts and new music via social media. I subscribe to 'Feedbands" and have been a sponsor for multiple Kickstarter music projects.
One last thing...My son is a freshman at Berklee and they have an army of people working with the kids to help them develop their own webpages, master social networking and self produce/promote their music. Pretty cool stuff.
The band I play in is a bunch of old guys, except for our young violin player. She drops the average age in half.
I can tell you in many ways the new paradigm is a big plus. It is going to filter out those who get into music for the purpose of getting rich and famous.Those will continue to create will do so knowing their odds of making a living are slim, so the creative passion must be an overwhelming desire...
PS..I bought a few downloads from Bandcamp by an amazing band from Australia called the Dolly Rocker Movement. One of the downloads included a physical CD and Vinyl. I received the package from the band, with a personalized note, all the way from down under. A nice touch. Try THAT with a major label.
Maybe. But it doesn't filter out stuff that sucks.
Long tails work both ways. On the plus side, we get to hear artists we may never have heard of. On the minus side, the amount of sheer dreck one needs to wade through to find art that can stand alongside that which has traditionally been discovered, signed, mentored, developed, produced, marketed and supported by major labels historically is almost overwhelming. The signal-to-noise ratio is now much higher. (Of the hundreds of millions of websites one could look at, how many do you visit every day? New paradigms cause shifts in thinking, not necessarily modifications in behaviour).
And Bandcamp? Some tracks from the Dolly Rocker Movement got your dollars - awesome. So that's six-and-a-half million other tracks that didn't. While it's true some artists have left their labels to join Bandcamp that's just the news we heard. What we weren't privy to were the reasons they left, and whether than bands album sucked and failed to deliver, or the band developed a nasty heroin addiction that saw the label's budget consumed in illicit white crystals. What it also fails to take into consideration are the bands that were on indies that left to go back to major labels - Nine Inch Nails, for example.
Like I said, long tails work both ways. But for long tails to exist there still needs to be a common majority in the middle of the bell curve for the tails to be attached to. Columbia right now has not only the hip kids of the new century (Broken Bells, Foster the People, Passion Pit, MGMT) but also has the ones who have seen out the vicissitudes of the industry and maintained their integrity in the process (Dylan, Springsteen, Bowie, Patti Smith, etc...). While many of them make music on their own labels (Bowie's The Next Day was made on his ISO label, under licence to Columbia), many of them still prefer the world-wide clout that only comes from a major.
It's just too easy to point out how problematic the major label system is. Without it, there'd be no Miles reissues with the incredible out-takes, liner notes and multiple formats, no Beatles remasters, no undiscovered master tapes. Of the 136 DSD downloads I could buy from Acoustic Sounds right now, 132 of them wouldn't exist with a major label's master tapes to transfer from.
Yes, there's great indie labels and independent acts producing stellar work, but it's far from true to say only indies and independents produce great art.
I think you missed the entire point.
I can tell you in many ways the new paradigm is a big plus. It is going to filter out those who get into music for the purpose of getting rich and famous.Those will continue to create will do so knowing their odds of making a living are slim, so the creative passion must be an overwhelming desire.
What I am trying to say is that consumers no longer value music as a commodity. So that means artists, major label, indie..whatever.. are going to have to find different revenue streams than albums sales...which many have...detailed above....or continue to make music for the sheer passion of it.
Major labels served their purpose and as you point out they developed talent, funded, and distributed the great recordings of our time...in their day. I don't think anything was said to the contrary.
I just discovered two AMAZING albums...just through putting my finger to the wind...there is still a TON of amazing music being made, despite the bottom falling out on album sales. Major labels are no longer necessary except for reissues of historical recordings.
Don't disagree as he started Def Jam records while at Long Beach HS, NY. But he took a wrong turn somewhere.
Maybe. But it doesn't filter out stuff that sucks.
Long tails work both ways. On the plus side, we get to hear artists we may never have heard of. On the minus side, the amount of sheer dreck one needs to wade through to find art that can stand alongside that which has traditionally been discovered, signed, mentored, developed, produced, marketed and supported by major labels historically is almost overwhelming. The signal-to-noise ratio is now much higher. (Of the hundreds of millions of websites one could look at, how many do you visit every day? New paradigms cause shifts in thinking, not necessarily modifications in behaviour).
Sometimes I remember things as much more attractive than they actually were, too. I call it photogenic memory.But this one I remember pretty clearly; I haven't forgotten, for example, that the majors have discovered, signed, mentored, developed, produced, marketed and supported decades worth of drek from the throwaway pop of the 40s and 50s to Miley Cyrus and the crap that is contemporary country.
EXAMPLE: The majors didn't develop The Beatles. They developed The Monkees. They didn't develop Presley, Perkins & Cash (That'd be Sam Phillips), they developed Pat Boone.
The majors are big business looking for quick ROI, and so they typically develop "product" that looks and sounds sort of like something that's already successful; they'll develop that all day because it looks like a pretty safe investment. Anything approaching original has to be fully developed and already have a market to get their attention. It has always been that way. Well, almost always. There was a golden age in 70s when excellent and popular were one and the same for awhile, when legendary A&R men like John Hammond Sr. discovered, signed and developed talent like Bob Dylan, Aretha Franklin, Bruce Springsteen, Leonard Cohen, Stevie Ray Vaughn....
Rick Rubin works for Sony now. At least somebody has the right idea. But I think I'll count on the truly great art to develop itself and with self production, self promotion, and self distribution viable and growing stronger, I expect an awful lot of them will go that way and the majors will do Nashville, and pop. I suspect they're much more comfortable with it anyway.
Tim
In a Metal Mood is pretty classic, you gotta admit.
Never heard it.
Tim
Sometimes I remember things as much more attractive than they actually were, too. I call it photogenic memory.But this one I remember pretty clearly; I haven't forgotten, for example, that the majors have discovered, signed, mentored, developed, produced, marketed and supported decades worth of drek from the throwaway pop of the 40s and 50s to Miley Cyrus and the crap that is contemporary country.
EXAMPLE: The majors didn't develop The Beatles. They developed The Monkees. They didn't develop Presley, Perkins & Cash (That'd be Sam Phillips), they developed Pat Boone.
The majors are big business looking for quick ROI, and so they typically develop "product" that looks and sounds sort of like something that's already successful; they'll develop that all day because it looks like a pretty safe investment. Anything approaching original has to be fully developed and already have a market to get their attention. It has always been that way. Well, almost always. There was a golden age in 70s when excellent and popular were one and the same for awhile, when legendary A&R men like John Hammond Sr. discovered, signed and developed talent like Bob Dylan, Aretha Franklin, Bruce Springsteen, Leonard Cohen, Stevie Ray Vaughn....
Rick Rubin works for Sony now. At least somebody has the right idea. But I think I'll count on the truly great art to develop itself and with self production, self promotion, and self distribution viable and growing stronger, I expect an awful lot of them will go that way and the majors will do Nashville, and pop. I suspect they're much more comfortable with it anyway.
Tim
Debating the pros and cons of the major label system with people who have no real experience of it seemed suddenly... redundant. Superfluous. Tautologically anaemic and frankly, mastubatory.
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