By
Clint
Wed Jan 12, 2011 12:30 am
I suppose the Biz forum doesn't get so much love as there is only so much you can say about the business side of things.
The Internet, MP3, iTunes and other advancing technology has changed the business of music forever.
Record (CD) sales no longer account for the bulk of income generated by the music industry. Now there is a rennaisance of artists having to tour extensively in order to get paid. Ticket sales, merchandising, PA's, sponsorship and publishing revenues are what pay the bills. The cheap (and sometimes FREE) CD's and downloads are simply used as BAIT to manipulate the charts and create demand for tickets, merchandise etc, etc. Some CD's used to be selling for up to £20 in the UK in the late 90's, today though supermarkets sell most CD's in the UK for around £5-7 top whack. The specialist music retailers are all but gone due to the sharp decline in physical sales. Filesharing applications have altered the psyche of the younger generation. "why should I pay for music if I can download it for free or someone can bluetooth it to me"?
6 billion plays on YouTube will earn the artist very little, if any royalties. It may however help you to get a recording deal, the A&R people have it real easy these days!!
Back to your original comment, the majority of members here make music for the love of it and have little or no commercial aspirations. Some work hard and actually do manage to generate significant income from their talents. These people share their knowledge and experiences here so that guys like us know what to look out for in considering potential business moves.
MeSoHordey wrote:Unfortunately for you, both Clint and Lamp are right..
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