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Great Article on the Demise of the Music Industry
fuzzygroove gave me the heads up on this article by Simon Napier-Bell which chronicles some pretty crazy stories about his life in the music industry - the good, the bad, and the ugly. He describes the medieval character of the music business and quotes an article in the WSJ that calls it the "last form of indentured servitude." I think most of us agree with these sentiments.
Nonetheless, before I'm tempted to embark on a diatribe about our industry, I highly suggest that you check it out - http://music.guardian.co.uk/pop/story/0,,2241769,00.html. It's a bit long, but well worth the read. While he is certainly frustrated by the way he and his artists have been treated over the years, he also offers hope that it is time that artists take control of their own careers given that the industry is rapidly changing. I agree and believe that NOW is a great time to be in music, provided that you are willing to do business ENTIRELY differently.
Nonetheless, before I'm tempted to embark on a diatribe about our industry, I highly suggest that you check it out - http://music.guardian.co.uk/pop/story/0,,2241769,00.html. It's a bit long, but well worth the read. While he is certainly frustrated by the way he and his artists have been treated over the years, he also offers hope that it is time that artists take control of their own careers given that the industry is rapidly changing. I agree and believe that NOW is a great time to be in music, provided that you are willing to do business ENTIRELY differently.
Comments

And sadly, it still only scratches the surface of the ills of dealing
with a major label. The horror stories go on and on.
Which is why after years of dealing with bands who were signed to label
deals of one sort or another, I'm glad to have complete control of my
own music. It's worth it to be at the helm and call my own shots. And if
I end up not making a dime, I'm still free to go any direction I choose
and not be tied up for years with an unfair deal.
I'm sure many artists will echo my sentiment.
BB
One thing I learned on my own in the early 1990s was that artists never made money from selling music. Prime example was Michael Jackson's world tours. I remember a news magazine show sharing how he made so much money from the sell out concerts and merchandising. I was intrigued since then to understand the true way how a music artist can make money in the industry. What I have always seen is to diversify your talent and sell it in outlets.
Enough of my rambles. Thanks for allowing me to explore my thoughts as I have been trying to parse this puzzle of the music business.