Comments on: MySpace gets ink —– http://www.p2pnet.net/story/9788 p2pnet.net - reader powered Mon, 23 Nov 2009 01:45:22 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: Reader's Write http://www.p2pnet.net/story/9788/comment-page-1#comment-119377 Reader's Write Sat, 09 Sep 2006 11:58:21 +0000 #comment-119377 Where do the labels add value? - They're a bank providing risk free VC. The problem is that you give up all the shares and spend the rest of your life paying off the loan from every penny you make. - They provide marketing. That used to be important. So how about Sales. Well Tower is going out of business. Independent record shops are going out of business. Retail physical sales are reducing to Walmart/Tescos and that's a very small stock. So we're left with Amazon and iTunes. A single outlet for CDs and a single outlet for downloads is not healthy. VC isn't needed as the tools for recording drop in price. Marketing isn't needed because you can do it yourself. Physical sales have no outlet. And iTunes doesn't earn you any money. The traditional music business is imploding. But it doesn't matter. Because more music is being created than ever before. Nobody's going to stop. And the one role that will become more important is the freelance Manager. There's going to be a demand for specialists who know how to promote a band, build buzz, organise tours and turn talent into money. Because just as most bands are terrible, even the good bands know nothing about promoting themselves. Where do the labels add value?

- They’re a bank providing risk free VC. The problem is that you give up all the shares and spend the rest of your life paying off the loan from every penny you make.

- They provide marketing. That used to be important.

So how about Sales. Well Tower is going out of business. Independent record shops are going out of business. Retail physical sales are reducing to Walmart/Tescos and that’s a very small stock. So we’re left with Amazon and iTunes. A single outlet for CDs and a single outlet for downloads is not healthy.

VC isn’t needed as the tools for recording drop in price. Marketing isn’t needed because you can do it yourself. Physical sales have no outlet. And iTunes doesn’t earn you any money. The traditional music business is imploding.

But it doesn’t matter. Because more music is being created than ever before. Nobody’s going to stop. And the one role that will become more important is the freelance Manager. There’s going to be a demand for specialists who know how to promote a band, build buzz, organise tours and turn talent into money. Because just as most bands are terrible, even the good bands know nothing about promoting themselves.

]]> By: Reader's Write http://www.p2pnet.net/story/9788/comment-page-1#comment-119167 Reader's Write Thu, 07 Sep 2006 08:50:40 +0000 #comment-119167 I read somewhere that myspace/snowcap will be taking something like 45cents per track from the artists - now is it a question of whether they want it or more a question of whether or not its financially viable from their perspective. Any new artist needs exposure, so they can release some songs for free and sell others, but when the minimum track price heads towards being the same as the majors my guess is people just wont buy it, license file sharing and put us all out of your misery !!! I read somewhere that myspace/snowcap will be taking something like 45cents per track from the artists – now is it a question of whether they want it or more a question of whether or not its financially viable from their perspective. Any new artist needs exposure, so they can release some songs for free and sell others, but when the minimum track price heads towards being the same as the majors my guess is people just wont buy it,

license file sharing and put us all out of your misery !!!

]]>