It’s a new game — the music industry’s process of re-invention (part 1)
The changing face(s) of the music industry
The recording industry has always been dragged kicking and screaming to adopt new technologies and business models (see ). Often the big boys were educated to what was possible by the appearance of new competitors on the margins who responded to new opportunities provided by new technologies or new music markets the majors ignore (and sometimes both). Typically, the big boys eventually swallowed up their upstart competitors and the same thing may happen this time but it seems less likely. And some of the upstarts are convinced the solution must come from somewhere different this time. The memorable quote below comes from an August 22, 2010 edition of “Broken Record: Music in the Download Era”, the LA Times occasional column on the current state of the music industry.
“I don’t want to hear some guy chomping on a cigar in Beverly Hills telling me it’s all gone pear-shaped. The people who invented the paradigm and were trusted to run it let it run afoul. We have to fix it.”Jeff Castelaz, co-owner of LA’s Dangerbird Records quoted in L.A.’s string of indie labels succeeds with a jack-of-all-trades approach.
Castelaz’s Dangerbird Records is one of a new crop of independent record companies that have sprung up and are giving the majors (or what is left of them) a run for their money. And this time it is different — there are new big boys providing low-cost distribution: Amazon, I-Tune… — and new free or low-cost marketing outlets: Twitter, Facebook… It’s no longer simply the independents vs. the majors.
A little historical perspective from Mark Mothersbaugh (from Verbicide Magazine)
I’m in the music industry, so I’ve had to listen to people moaning, lazy record executives who are saying, “Oh no, people aren’t buying our records anymore.” And I want to say, you know what, that is not how people historically have disseminated and listened to music in the history of mankind. It has only been a really short window since Thomas Edison invented the wax disc and then the record companies could start selling platters and then tapes and then digital discs. It has only been a short time. Record companies could control the process of what kids could listen to, which influenced what artists were able or allowed to create. I think the internet… is the most amazing thing that has happened. As far as being an artist, I think now is the greatest time to be an artist… Now, kids can wake up in the morning and say I want to hear some “cowboy Chinese computer death-metal.” You put those four terms into a search engine,something is going to come up. Some band is playing that kind of music. That is so amazing to me. That is so exciting. It is so inclusive… And now kids who are 16 have cell phones that have more powerful recording systems inside their telephone than the Beatles had to do their first album. The technology is amazing. And who needs a record company? You start a website and people from every corner of the planet now have access to your music.
& New routes to success
Inspiration (local TV news) to Pop Song (“Bed Intruder Song”) to Viral Video (YouTube) to Internet Sales (I-Tunes) to Hot Single (Billboard Top 100)
More to follow — the game ain’t over yet
Subscribe to comments with RSS.