December 5, 2014Russell Simmons Talks About The State Of The Music Industry
"Artists are finding all kind of ways to use their brand to earn money," he said. "Being a music star is a lot more than selling records, if not at all. If selling records was what the music business is about, they would all move onto something else. They're not counting their royalties as their income, they're counting all of the things that they influence, all the multi-billion dollar business that their branding and building and affecting. Music is still consumed today more than yesterday, still growing in terms of the way people consume it. More music all the time, it just keeps growing in terms of its influence in society and also its influence in various different businesses. So now that we can't make royalties off of records, we gotta go make them pay, that's what the music business has to learn to do."
-- Def Jam's Russell Simmons
In the last issue of the newsletter before the Thanksgiving holiday, I suggested reading an interview with music producer Steve Albini.
November 21, 2014Steve Albini Talks About The State Of The Music Industry
"The Internet has made it much easier to conduct the day-to-day business of being in a band and has increased the efficiency. Everything from scheduling rehearsals using online calendars, to booking tours by e-mail, to selling merchandise and records from online ...
November 14, 2014Taylor Swift vs. Spotify And All That Yadda-Yadda
"Spotify feels to me a bit like a grand experiment." -- Taylor Swift Yeah, the yadda-yadda goes on and on about it all. "If I had streamed the new album, it's impossible to speculate what would have happened. But all I can say is music is ...
November 7, 2014Taylor Swift's Million-Plus Sales
"In business, you can have one massive success that earns $50 million overnight, and that's it. You're successful. End of story. But in the music business, you have to keep on doing it." -- Noel Gallagher It's obvious that Taylor Swift keeps ...
October 31, 2014Coalition Calls For Better Digital Revenues And Azoff Plans To Get More For Songwriters
"What Irving did was look at what songwriters were earning historically and offer them a premium," said Barry M. Massarsky, an economist who specializes in music publishing and is not affiliated with Global Music Rights. "He believes he can carve out a higher value ...
October 24, 20142014 Is Almost Gone And Not One Album Has Gone Platinum
"If you're not failing every now and again, it's a sign you're not doing anything very innovative." -- Woody Allen The problem in the music industry is failing far too much without any innovation. (I'm excluding innovation in digital technology ...
October 17, 2014Streaming Now Becomes The TV Thing As Well
"There are 80 million homes that do not have HBO, and we will use all measures to go after them." -- HBO Chairman and CEO Richard Plepler, during his network's portion of the Time Warner Investor Day in NY. This week HBO announced in 2015 it ...
October 10, 2014So You Think The Free U2 Album Was A Bad Idea? Wrong.
"Eddy Cue, Apple's senior VP of internet software and services, tells Billboard that U2's 'Songs of Innocence' has racked up a staggering 26 million complete downloads since its Sept. 9 release as a free download exclusively to Apple's 500 million global iTunes ...
October 3, 2014The Streaming Thing Again
"The data underscores an ongoing tectonic shift in the music industry, in which decades of doing business based on per-song/per-album transactions (for either digital music or CDs, vinyl or tape) are giving way to a world where music is increasingly sold like a ...
September 26, 2014The SiriusXM Lawsuit "Thing"
"There is more to come in this case, but so far this is a huge victory whose consequences almost impossible to overstate. It definitely may be the beginning of the end of the "Pandora Loophole" and it affects many artists from Miles Davis and Duke Ellington to Bob ...