Connect With Us

Enter your email address:

Delivered by FeedBurner

 

 

  

• MTT POSTS BY CATEGORY
SEARCH

 

Entries in Music Business Models (77)

Wednesday
Sep302009

Dog Guru

My wife, Roxanne and I saw Jamey Johnson last weekend in an awful club in Clifton Park, N.Y. Johnson’s a country songwriter cum recording artist who’s anything but awful. He’s one of those rare artists who come along once in a generation in a genre, in this case country.

He’s so raw and real it hurts. He’s of the outlaw breed, and his songs — even some of his hits – hold a bare light bulb to reality.

He’s a Montgomery boy, an ex-marine, ex-family man, and ex-rebel rouser, and his voice is as perfectly imperfect as his life. I’m not writing this to pitch Johnson, but country fan or not, this plainspoken poet is worth a listen.

I’m reminded of Steve Earle, who blew me away with his 1986 debut album “Guitar Town.” One literate bad boy with a voice to match. The first time I heard him I wanted to burn my guitar and typewriter (remember those), but eventually returned to my auteur senses.

Click to read more ...

Monday
Sep282009

And if only 1% of those people...

A friend of mine was asked by a musician to help him do a huge mail-out of CDs.

The musician had pressed up 10,000 copies of his CD in anticipation of 10,000 orders that were sure to come through that week.

He had bought a quarter-page advertisement in the back of a magazine with a circulation of one million people.

He kept saying, “If only one percent of the people reading this magazine buy my CD… that’ll be 10,000 copies! And that’s only one percent!

Click to read more ...

Monday
Sep212009

What would YOU do with freedom and a healthy budget to break a new artist?

Over the past several years, I’ve spent much more (non-billable) time than I should have trying to convince old-school label execs, independent artists, managers (both big and small) and others that the traditional rules don’t work any more in this new music business.  

When trying to “break” a new artist independently, spending a large amount of money on radio, downplaying internet marketing and direct-to-fan communication and spending a lot on expensive videos rather than producing less-expensive but more interesting/innovative videos (e.g., the now famous OK Go treadmill video) are usually bad moves.  Top-down marketing just doesn’t work any more, unless you’re a very young pop act signed to Disney/Hollywood.  As my marketing friend would say, it’s all about “pull” rather than “push” marketing.

Click to read more ...

Sunday
Sep202009

You’re So ‘Yester-moment’

It’s no longer the flavor or the month or what used to be called 24/7 or wall-to-wall coverage. The new media cycle, at least for this nanosecond, is called “perpetual movement.”

In other words, spin or die. That’s the latest from Internet guru Michael Moritz, a Sequoia investor who backed Google, Yahoo and the Sugar Inc. blog-networks.

Quoted in a recent New York Times article, Moritz says:

“Perpetual movement is the essence of survival and prosperity online. If online media and entertainment companies don’t improve every day, they will just wind up as the newfangled version of Reader’s Digest — bankrupt.”

Click to read more ...

Sunday
Sep132009

Viral, Schmiral (‘Greatness’ Pt. 2)

Baimurat Allaberiyev – a YouTube sensation – has a major record deal but still has few teeth, literally. And those teeth are planted on the cutting edge of the latest boom-and-bust trend in the music industry: viral-video microfame.

So, let’s get real about the sobering statistics of enduring Web 2.0 success among music artists. To that end, I will explore the verities of the viral-video trend.

But first, this exploration is not meant as a discouragement. It’s simply a reality check. Like a sound check, it gets us in tune, so we can perform at our best. And, as with the old industry, the new music model presents real, if limited, opportunities for enduring success. So, as in the past, the motivation for the serious artist is the very challenge of the overwhelming game itself.

Click to read more ...

Friday
Sep042009

Why Your ‘Greatness’ is Missed

As music artists seek notice from fans and the industry, it’s vital to observe a key factor concerning peoples’ ability to recognize talent, even greatness.

You may have already read about the social experiment the Washington Post conducted two years ago with world-renowned violinist Joshua Bell. It was actually Bell’s idea to perform undercover as a street musician for a day at a Washington Metro station. What many don’t know is that the Gene Weingarten story earned a Pulitzer Prize that year for feature writing. What many do recall is the fact that a venerated violinist went virtually unnoticed, unappreciated and unrecognized.

What the public took away from the story — rightly so — is the fact that people pass up life’s jewels, even when they’re right before their, well, ears. But this tale holds a much greater meaning for artists of all stripes.

Click to read more ...

Monday
Aug032009

Template for Writing a Music Business Plan

A few weeks ago I posted a blog on MTT Open on “How To Write a Music Business Plan”. In the comments section of that post, one of the readers suggested that I provide a template or example of a plan.

You can now download the free PDF, “Template for Writing a Music Business Plan”, here.

Click to read more ...

Saturday
Jun202009

Show success before asking for help

From 1990 to 1992 I ran the New York archives at Warner/Chappell Music Publishing.

(The music publishing business gives a cash advance to a songwriter in return for owning half the income generated from their songs. The publisher is betting that the songs will earn at least that much, whether recorded by a famous artist or the songwriter themselves.)

One day, as I walked by someone’s desk, I noticed she had accidently left out the balance sheet showing every songwriter signed to the New York office, their cash advance, and how much they had earned. I quickly took it to the Xerox machine, made a copy, and put it back.

Click to read more ...

Wednesday
Apr012009

The End of the Music Album as The Organizing Principle

It doesn’t seem that long ago since Radiohead did what was once unimaginable - release an album without being signed to a major record company. On the long march to digital ubiquity as the means of music delivery Radiohead avoided the tar pit that seems to be major label thinking and came out clear winners. Yes, they resorted later to releasing the album as a good old CD into regular retail distribution but they were pioneers and were soon followed with great success by Nine Inch Nails and to lesser success by many others. Both these bands had an understanding of what their fans wanted [price level choice, quality and special packaging] and both bands understood the power of the internet for marketing purposes and direct reach. [NB: Although I believe that the digital music file will rule the day, vinyl still has a role to play and I’ll get to that later.]

The most interesting part of this experiment [which at the time, I would argue it was] was not only that it was wildly successful but it laid the groundwork for what I have coined the end of the organizing principle. In other words I suggest that we are now seeing the end of the album-length work as the permenant work, the everlasting body of work that represents the pinnacle of an artists’ creativity. I am fully expecting to hear the howls of derision over this but bear with me.

Click to read more ...

Tuesday
Mar102009

download music business legal documents for creating your own 360 deal

If you are setting up a legal entity (a corporation for your band / music-related business) with the objective of providing economic and upside incentives to everyone that is or will be involved in your business (your bandmates, your management team, your potential investors, and possibly even your sponsors/promoters), here’s a free set of legal documents that you can use as a basis for creating what the music industry calls a 360 deal (as in 360 degrees).

What is a 360 deal?
A 360 deal (in my mind) is a catchall term that describes a structure whereby everyone involved pledges all related (related to the core of the business) rights, services and assets into a corporation that is owned by all of the participants. A 360 deal may or may not include investment capital.

Click to read more ...

Thursday
Feb122009

Sell More Cds at Shows By Not Naming the Price

I recently posted about discovering a wonderful band called Arizona. I found them while attending PopAsheville in January and I wrote - “I was invited to give the keynote speech this year. I spent an hour reminding the musicians in attendance that they are no longer in the music business, they are in the T-shirt business and they all seemed to agree. They also agreed that the music industry is not hurting, it’s the cd business that is in decline.” The whole post is here.

I am not being facetious when I say that bands are in the T-shirt business as I believe very strongly that as music slips down to zero in dollar value then artists must move quickly to find different ways to make money from their art.

Click to read more ...

Monday
Feb092009

MIDEM Conference Video Interviews

Last month, (January 2009), I went to the MIDEM Conference in France. The largest music business conference in Europe.

I went two years ago and didn’t like it, because it was just a lot of suits talking to suits. Very old-boy network. But, like I did with PopKomm, I tried to be the eyes and ears of my musician clients, bringing my video camera around to every company that was exhibiting there, and asking them questions from a musician’s point of view.

So, here are the edited videos from 13 companies that seemed worth talking to - and the URL for each.

Whether they can help you directly or not is up to you, but I hope you find it interesting, either way.

If you are a self-promoting musician, I don’t recommend attending MIDEM. It’s better than it used to be, and is worth it for bigger companies to attend, but still not an ideal use of your money and time.

For a more objective overview of what went on at MIDEM 2009, read this write-up by my buddy Hal Bringman.

Click to read more ...

Wednesday
Jan282009

Real in-store CD distribution: still working for anybody?

A musician emailed me today, asking my advice on choosing a physical distributor. He was considering paying big money to one company who promised to get it on the shelves of record stores, or another who would take a big cut, or using CD Baby’s in-store distribution (http://cdbaby.net/instore)

Here’s my advice to him.  Feel free to critique it.  I’m curious to hear any replies from people who have had success with real in-store distribution recently.

The big question is:

How many people are going into physical stores (shopping malls, etc) - looking for your CD - and are unable to buy it?

Are those people truly unable to buy your CD, and give up before looking online?

Click to read more ...

Thursday
Jan082009

Art is An Energy

When talking about the changes in the industry in relation to the world of social media, I often talk about the need for injections of energy to proliferate information, knowledge, awareness of an artist or a piece of music.

The most common energy to rely on is money
- input money and hope that it ignites and spreads. Other energies include excitement (fan energy is a great one for spreading the word, and that excitement multiplies the closer the fan gets to the artist…) and shared narrative (people who relate to the stories in your songs, or to your story are likely to use it to tell their own story - whether that be a love song or something more spiritual/motivational).

But it’s really important to remember that ‘art’ and ‘creativity’ are energetic forces. There’s been a lot of talk on here of late about house concerts, and what’s vital to grasp about the house gig scene is that nobody’s in it to get rich. There are no fights with promoters over cash, no dissappointments over low bar takings, and much lower running costs…

Click to read more ...