Dear Recording Industry: Stop Whining, Start Making Money
from the thanks,-the-rest-of-us dept
In the past we've linked to some of Ian Rogers great presentations at music industry conferences, and now he's done it again. At a recent music industry conference, he told the assembled industry execs to basically stop whining about "losses" due to piracy and start making money. While I don't entirely agree with what business models will eventually be successful, Rogers makes a few key points in showing how musicians are making more money than ever before by figuring out ways to connect directly with fans, and not worrying about how many CDs they can sell.It's worth reading through the entire presentation, but the key points he makes: the industry has changed, and the record labels no longer have a monopoly on distribution, and it's time they got over thinking that they can stuff that genie back into the bottle. Instead, they need to realize that people are spending more than ever on listening to music -- just not on buying CDs. Once they realize that, they need to get into the game, but do so by realizing that, as labels, they no longer have total control. In fact, it's now the musicians and the fans who are in a position of power, and the role of the labels should be to help enable the connection between musicians and fans.
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Filed Under: business models, ian rogers, recording industry
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Illegal Change
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Re: Illegal Change
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Re: Re: Illegal Change
And that's the law.
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Re: Re: Re: Illegal Change
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Re: Illegal Change
Markets change all the time, there's nothing illegal about that.
If a business is unable to change with the market it fails, there's nothing illegal about that either. It is the fundamental nature of a free market.
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Re: Re: Illegal Change
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except for iTunes
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Same goes for them. I didn't think I'd like X artist, so I didn't buy the CD. Then someone sent me an mp3. Dude. I loved it. Bought the songs I liked from iTunes (the iTunes plus, drm free section) and went to a concert, etc.
That artist made a nice chunk of change from me, and the 3 friends who were also introduced to the music by sharing. Money he never would have gotten if I didn't get an email and a file saying, "Listen to this!"
The moral of the story? Artists gain new fans from music being shared, and fans pay to see performances and buy crap to remind them of a great show and a good time. A hell of a lot more money than they would make from me not buying a CD (or going to a show, etc) because I don't know who they are.
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nourish
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music
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Now, I spend at least $30 on music every month. What changed? I joined eMusic, discovered numerous free podcasts and started using AmieStreet. The latter two allow me to discover new music at no cost. eMusic's subscription model encourages me to max out my downloads every month, usually by trying out new artists I would otherwise ignore. I also make a point of downloading albums based on the NIN/Radiohead model, and I end up paying for most of them.
So, not only am I spending more money than ever on music, but I'm also discovering new artists who I'll see in concerts, buy merchandise, etc. that I'd otherwise not have heard of. Of course, these avenues are completely ignored by the major labels...
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digital music
The way to fix an "iTunes model" is to make ALL music DRM free. MTV took over sharing music from the radio, and the internet has taken it away from MTV. The way to monetize it (and stop piracy) is to allow music files to be "shared", but to have a "time out" after a week or so.
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Don't expect changes anytime soon.
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Re: Don't expect changes anytime soon.
Any reason why a blank comment would go through to begin with?
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Sometimes all people want to say is in the subject line
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Don't expect changes anytime soon.
And they'll get it, too.
I've said it before and I'll keep saying it again: It's the consumers at fault for the failure to enforce changes as they continue to buy products using the old model.
We'll continue to read these blogs for years to come.
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It's the control, stupid.
There are a lot of small minds in the music industry that believe their own line that they are losing billions to piracy. Those at the heart of the industry know that the real issue is control. Unfortunately for them, the public and politicians won't buy "we want control" as an issue. On the other hand issues such as piracy, theft, and depriving musicians are issues that target the heartstrings.
I believe the current situation with streaming video is the biggest single problem for indie music, and I predict it is the thing that the industry associations will be most reluctant to give up. Right now even if an artist WANTS their music to be streamed for free it basically cannot be done through the major music services. The recording industry still gets to collect royalties on the "free" music, and chances are that they will get to keep 100% of the fee for themselves. Who is the real pirate in this situation?
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Do it yourself. You do not need the major music services
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Want my business back RIAA? Issue a full page apology in every major newspaper in America, give, YES I SAID GIVE some free music to show you are sincere and drop all the bullshit lawsuits you have with legitimate users of music they have already purchased.
Yeah right, like that will happen. I'm not holding my breath.
Death to the RIAA
RIAA - Real Ignorant Arrogant Assholes!
Not 1 cent!
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iPod user...
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Re: iPod user...
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Dear Recording Industry:
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I personally only go to about 1 concert a YEAR. I do not purchase limited edition CD sets, I do not purchase t-shirts, stickers, lunch boxes, or any other junk. I buy songs from Amazon.com, and iTunes. If the musicians want to make ANY money from me they better charge for their music because they aren't going to get my money any other way. And if you think I am the exception I can assure you taht I am not, I am in the majority here.
Most people do not go to concerts, therefor giving away music and depending on concert sales for your revenue would be a problem. Most people do not buy collector sets, t-shirts, posters, stickers, etc... Most people are like me they either buy a CD or purchase a song online.
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Re:
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Re:
Here are some thoughts to help you open your mind that even if you are in the majority, it is still okay.
You may love music, but you are obviously not a true fan to almost any band. If you were you would be going to more concerts or buying t-shirts, posters, etc.
Check out most concerts. For the size of the venue they go to, they are just about always over 50% full. I certainly have not been to one that was under 50%. Actually, most of them are over 75% full, but I am going to allow for the chance that there are concerts where they book a much larger venue than is needed. The point here, is to look at all those people who DO go to concerts. You do not NEED a majority of people to pay just because they heard the music. Chances are somebody else has heard the music you listen to, and even if you are too cheap to buy a t-shirt or anything else for the bands you absolutely love (which, from the sound of it, you don't) somebody else probably has.
A band doesn't need the entire population that listens to music to pay them to continue doing what they love, they just need a decent group of true fans. However, charging for every single possible instance limits the spread of music. Why do you think people share music? Look at post#4, by Deb. I am in that boat.
I am a true fan of Nine Inch Nails. I download all of his music the instant its available. And you know what? I do go to concerts. I own a couple of t-shirts. And I STILL buy the CDs. I collect them. I am only missing one out of all of the officially produced "Halos" (if you need a definition of that, basically its a numbering system for his discs, if you want more specific, look it up). I will be buying it very soon here.
You know why? I love the music. And the guy, in my opinion, is brilliant. Thats why. And I acknowledge that for loving his music this much, I am in the minority. So what? I want to share his music with as many people as I can. He also wants as many people to hear his music as possible. At the concerts he tells us to share his music. And I do, best I can. By attempting this I have found a couple friends who were not into the music from some mainstream radio songs, but ended up into a lot of his other music. Now I am able to share that experience with my friends. It is truly awesome.
I am sorry to hear that you do not love music That much. But, it is okay that the majority doesn't. Because those who do are often worth a lot more than you ever would be to the artist.
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