by withahip » Sat Jan 24, 2009 10:39 am
How many of us got turned onto a band that was a mix cd, mix tape or an mp3 that BF sent 25 times? Without these free tidbits coming along we would not know about a lot of bands.
Can't blame youtube, though.
I can't find the exact article, but the record industry is giving up on suing file sharers.
They understand they are sitting on one of the biggest forms of capital but aside from licensing to advertisers and movies and touring bands, cannot figure out how to make cash from it.
The issue really seems to be the days of the cash cow album and cd is over. The industry may have to scale down and return to small labels finding a niche and developing music for a specific niche run by individuals that are in it more for the music and content with a business that may only gross a half a million a year through music. The technology is out there that fine records can be made on a limited budget. This would see a high number of very talented engineers and producers leave the field but there are enough people out there into the music that would make it regardless.
Just like when 120 Minutes was on and in that two hours you migth across three videos you liked enough to buy and the weaker bands were weeded out and , yes, a lot of the crap persisted despite not making any money.
It was only 15 years ago Beck something to the effect that Music Companies were endless ATMs. Maybe not so anymore. But there are plenty of people working regular jobs during the day putting out good music on their own time. Many of you know The Lost Patrol. Pretty good music on their own time. It would also mean a bit more expense for bands to invest in a better show than just showing up at a dive bar staring at their feet. But DIY tours can find a way to accommodate this.
Finally, bands may or may not need to come out with a bit more time and effort in the packaging of their music. Perhaps purchasing of mp3s will come with a sent cd and vinyl copy of the music with good artwork and extensive linear that were so common 30 years ago and before.
Chances are though, as fun as it is ruminating based on what I know from past practices being reapplied, it will be a business model that takes everyone by surprise.