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In defence of newspapers and serendipity
I'm not sure what they can do to turn it around, but disbanding the RIAA may well be a worthy start.
always be able to find ways to pursue their art and get compensated
for it. Who knows -- they may even be better off without the major
labels.
Downloads have changed the market dynamics for the music industry. What used to make commercial sense,(i.e CD Sales) no longer works.
Peoples spending patterns have moved on and there is little if any perceived value left in the CD format. Music is now instant and disposable.
When the dynamics change so radically, everyone needs to adapt or die.
EMI as a business is doing all it can to ensure its own survival. But by asking Artists to adapt to their survival model, the artists will be putting all their fate in the hands of the label as it navigates uncharted waters.
Should anyone trust that a Record Label run by a Venture Capitalist would have the Artists commercial interests at heart??
For once the Artists have the upper hand and they are right to vote with their feet.
The future of the music industry has to be be very different form where it has been up till now.
For me its very simple.
There is money in the Live events, ticket sales, Merchandise, Sponsorship, Brand extensions (fashion labels etc).
Record Lables who only distribute music will fail as revenues diminish.
Livenation.com (a live events company) signed Madonna in a $120m unified rights deal that makes sense for all parties.
If EMI want a piece of the artists other revenue streams, then they will have to prove they can add value and throw their weight behind and embrace the new dynamic in the same way.
Right now few Labels can do what livenation.com can.
In some respects this reminds me of 1978 and the commercial birth of Punk and I think something good will eventually come out of all this.
I’ve been watch these guys at www.ebtm.com, & www.atticusclothing.com, – These kind of ventures could offer Artists the kind of Brand Extensions to pay the bills in the future. I expect more of innovative stuff like these sites springing up.
The Tequilla Man
It's simple to suggest, 'well if the record labels get torn apart, what's a poor little band to do?' That mindset isn't directly discussed, and perhaps should be.
And the thing is: musicians keep on recording cd's, if not published by a major company, they do it themselves, with a lot of investments. The consumer may stick to his/her iPod, many musicians don't think in terms of MP3's only. They want to make a cd, a complete creation, with a fitting art work. The real thing.
Here in Holland we run a webstore with cd's brought out by independent artists (www.toonbankrecords.com), trying to get all this high quality music to the audience. Will there remain a market for CD's in the end? I am curious!
Would someone commit copyright infringement by broadcasting music on a personal blog?
answer is yes. If you're streaming, then that's broadcasting and you need a
license.