FROM FORBES: CHECK OUT WHY 50 CENT AND OTHERS ARE USING A NEW INDUSTRY MODEL
March 7, 2014
Forbes' Bobby Owsinski has written a terrific article this week '50 Cent The Latest To Exploit The Music Industry's Newest Business Model.'
From the article, "It was announced recently that rapper 50 Cent is leaving his previous record label Shady/Interscope for a new home with Caroline, the label services division of Universal Music Group. The artist and his G-Unit imprint joins a number other artists like Macklemore & Ryan Lewis, Korn, Peter Gabriel, and Prince who chose to leave the comfort of a traditional major label (Shady/Interscope is a subsidiary of the giant Universal Music Group) record deal behind in favor of going independent, but with a new twist. Now the label's once exclusive services are for hire instead of available only as a byproduct of a traditional recording agreement...What we may be witnessing is the dawn of a new age in the music business."
THE 'A-SIDE' - TRACK 2
THE TOP 1% OF MUSIC ARTISTS EARN 77% OF MUSIC INCOME A NEW STUDY SEZ
Gee, what a surprise, right? NOT! Isn't it that way in the film industry, TV, etc.?
MIDiA Consulting is proud to announce the publication of an important new report: 'The Death of the Long Tail: The Superstar Music Economy.'
The report is available free of charge to Music Industry Blog subscribers. (If you are not yet a subscriber to this blog, simply enter your e-mail address in the box on the right hand column of the home page.)
From the report, "The 21st century decline in recorded music revenues continues to send shockwaves throughout the music industry and although there are encouraging signs of digital-driven growth, the impact on artists is less straightforward. Total global artist income from recorded music in 2013 was $2.8 billion, down from $3.8 billion in 2000 but up slightly on 2012. Meanwhile artists' share of total income grew from 14% in 2000 to 17% in 2013. But the story is far from uniform across the artist community."
Read the report for more information
THE 'A-SIDE' - TRACK 3
HALF OF U.S. LISTENERS TUNE INTO ONLINE RADIO
From Media Post comes news that online radio is making big gains in audience share, with Pandora leading the way.
Currently, 47% of all Americans ages 12 and older -- an estimated 124 million people -- said they have listened to online radio in the last month. Read the whole story
THE 'A-SIDE' - TRACK 4
AMAZON IS TALKING TO LABELS ABOUT A STREAMING SERVICE
Peter Kafka of Re/code reports that industry sources say that Amazon is engaged in serious talks with the major music labels about launching a Spotify-like streaming music service.
According to Kafka: "The basic logic: Amazon gives away a Netflix-style video service as a way to reward Prime members, who pay $79 a year and get free two-day shipping, among other perks. So if they're willing to do that -- under the theory that the cost of the video is worth it, because Prime members buy a lot more stuff from Amazon than nonmembers -- why not make the service even more attractive with free music?" Read more
THE 'A-SIDE' - TRACK 5
APPLE LAUNCHES CARPLAY
VentureBeat reports that Apple has launched its CarPlay feature to provide drivers with a safer and smarter way to use iPhones in cars.
With this invention, Apple is positioning iPhone to be at the center of car electronics. Read More
AND MORE ABOUT IT...
What once was iOS in the Car is now CarPlay, and Ferrari, Mercedes, and Volvo will all have models on display at this week's Geneva auto show. Read more
THE 'A-SIDE' - TRACK 6
PRODUCT PLACEMENT AY THE OSCARS
That Oscar Selfie that Ellen took Sunday night, wasn't exactly spontaneous ... it was very costly product placement.
Samsung spent almost $20 million in advertising on the broadcast and got prime product placement.
THE 'A-SIDE' - TRACK 7
BANDPAGE & LYRICFIND PARTNER UP
BandPage, the platform more than 500,000 musicians use as a central online profile to reach, engage and monetize millions of fans, has teamed up with LyricFind, the leading provider of licensed lyrics to sites serving more than 5 billion lyric displays per year (including SongMeanings, Lyrics.com, LyricsMode, LyricsFreak, Sing365, Lyrics007, and more), to place musicians' tour dates and direct-to-fan stores next to the lyrics fans search for online.
The deal will allow musicians to target fans with appropriate artist-related commerce in contextually relevant moments across these sites with the goal of increasing ticket and store sales for musicians by introducing these commercial offers to fans at a moment when they are deeply engaged with the musician. Read More
THE 'A-SIDE' - TRACK 8
'THE TONIGHT SHOW' ACCUSED OF BLOCKING GUESTS FROM RIVALS?
It's a song we've hear before, but now it's making the rounds again.
One of NBC's rivals says the network is blocking "Tonight Show Starring Jimmy Fallon" guests from appearing on competing network shows -- a contention NBC denies.
An insider from a morning show on another network says NBC is taking advantage of Fallon's strong ratings to try to monopolize guests. The person told TheWrap that NBC does not allow a celebrity to do competitors' shows for three months -- even morning shows. Full story at TheWrap
THE 'A-SIDE' - THE BONUS TRACKS
* Britney Spears and Lady Gaga Glitter at Elton John's Oscar Party
* Springsteen Covers Lorde's 'Royals'
* 1st look at Hendrix biopic
* Katy Perry Sets Record On Pop Songs Chart
* Miley Cyrus Lashes Out At Katy Perry on Twitter
* Queen + Adam Lambert Announce Summer Tour
* Lady Gaga Talks Intimate South by Southwest Show
* 11 Trends Predicted By 'This Is Spinal Tap'
* Wings Tour America In 1976
* Poll: What's the worst audio format?
* Slate.com's "Travolta-fier" name generator.
* Watch Jimmy Kimmel's 'Ameowadeus' Parody and Other Post-Oscar Trailers
* 5 Manly Things That Are Going Away Forever
* The Most and Least Liked Late-Night Hosts, From Stephen Colbert to Arsenio Hall
* World's funkiest-looking Bluetooth speakers
* Dolby's incredible new sound system for theaters
* A full-featured Windows tablet in a mini package
* Tablet Sales Surge After 20 Years of Development
* The Fix shows you how to supercharge your phone
* Roku Streaming Stick vs. Google Chromecast: How do they stack up?
* Doc Brown finally admits Funny or Die hoverboard video is fake
* PC Sales Retreat Shows No Sign of Ending
Short News Items ...
Kickstarter, the popular crowd-sourced funding platform, today announced that over $1 billion has been pledged to projects on Kickstarter. Kickstarter made the announcement in an e-mail. The 5,708,578 people who have backed a Kickstarter project come from 224 countries and territories, and all seven continents." Read more
MARCH MADNESS MUSIC:
Bruce Springsteen and the E Street Band, The Killers, fun., Jason Aldean and Tim McGraw will perform at a free show for the 2014 NCAA March Madness Music Festival next month. The three-day festival, taking place April 4th-6th in North Texas, will be held in conjunction with next month's Men's Final Four brackets, with organizers scheduling live performances between games. On Friday, April 4th, Aldean will headline the AT&T Block Party, with performances scheduled from 4 p.m. to 10:30 p.m.
MORE BEATLE STUFF HITS AUCTION BLOCK:
Wealthy Beatles collectors now have one more relic to covet: the piano John Lennon and Paul McCartney played while filming the movie "'Help" is going up for auction. They composed the song "Help!" on a 1907 Bechstein Concert Grand, according to The BBC. Its current owner is the movie's director, Richard Lester, who also claims that McCartney played the instrument as he was composing "Yesterday." It is expected to go for £50,000 (over US $83,600) when it hits the block at Omega Auctions in Liverpool, England on March 20th.
PRINCE NOT-SO-SECRET SHOWS:
Prince is going to be performing at the Hollywood Palladium on Friday and Saturday night, an individual with knowledge of the secret show has told TheWrap.
TRIBECA MUSIC DOCUMENTARIES:
A bunch of music documentaries will join the roster at the annual Tribeca Film Festival. The festival will host the world premieres of "The Other One: The Long Strange Trip of Bob Weir," a look at the life and times of Grateful Dead's singer-guitarist Bob Weir; "Super Duper Alice Cooper," a portrait of both the "man behind the makeup" (birth name: Vincent Furnier) and his legendary shock-rocker persona; and "Keep On Keepin' On," about the friendship between 89-year-old jazz trumpeter Clark Terry and 23-year-old blind pianist Justin Kauflin.
SIMON & STING:
"Welcome to our little experiment," Paul Simon said during his Madison Square Garden show with Sting on Tuesday. He expects their collaboration to make him "more Adonis-like in appearance," he joked. "Sting should be anticipating some changes as well." Read More
NO, THIS IS NOT A JOKE, BUT WRITE YOUR OWN PUNCHLINE:
R. Kelly's 2013 album 'Black Panties' debuted at # 4 on the Billboard 200 and has gone on to sell more than 300,000 copies. In light of the album's success, the singer told V Magazine that he is planning a sequel entitled 'White Panties.'
HENDRIX BIOPIC COMING SOON:
The long-awaited Jimi Hendrix biopic 'All Is By My Side,' starring Andre 3000 as the late guitarist, premieres next week at SXSW. In an exclusive clip, watch as future manager Chas Chandler tries to convince the skeptical musician to move to London. Read More
A diverse lineup for Forecastle Festival will make waves on the Louisville, KYwaterfront for the event's 12th installment this year. Outkast, Jack White and Beck will all headline the event, which will again take place at the city's Waterfront Park – which is located between the Ohio River and downtown Louisville – between July 18th and July 20th. Other artists set to perform at the three-day fest include the reunited lineup of the Replacements, Band of Horses, Jenny Lewis, Against Me!, Spoon, Dwight Yoakam, Sharon Jones and the Dap Kings, Local Natives, Gary Clark, Jr., among others.
QUEEN SET FOR TOUR:
"This is the closest that you'll get to see Queen as it was in our golden days," says guitarist Brian May of the band's plans to tour with former 'American Idol' singer Adam Lambert. The late Freddie Mercury, Lambert tells Rolling Stone, "had such an amazing attack." Read More
NEVERMIND THE OSCARS, BUT TELL US ABOUT 'TRUE DETECTIVE':
Though Oscar winner Matthew McConaughey says he won't return to the hit HBO show "True Detectives," he's been enjoying watching it weekly just like everyone else, he tells Rolling Stone. Read the full Q&A here. Read More
SLATE'S TRAVOTA HUGE:
Slate's 'Adele Dazeem' Travoltafier Becomes the Most Popular Article in Website's History. The contrarian culture site's widget had nearly 10 million unique hits as of Thursday. Full story at TheWrap
OSCAR RATINGS WAY UP:
With 43 million total viewers, the Oscars were the most-watched entertainment telecast since 2004's "Friends" finale., and the best Oscar ratings in a decade.
SMITH & SON RAZZIED:
The Golden Raspberry Award Foundation took a moment last Saturday night to recognize film achievement on the other end of the spectrum at the 34th Annual Razzie Awards. The team of Will and Jaden Smith took home a total of three Razzies for their work in the sci-fi epic 'After Earth.' Jaden won worst lead actor, Will worst supporting actor and the pair were named worst screen combo.
BILL GATES IS #1 AGAIN:
Microsoft co-founder Bill Gates is once again the world's richest billionaire, according to a newly released list by Forbes magazine. Gates, worth an estimated $76 billion, ended his four-year hiatus at the top by overtaking Mexican telecom mogul Carlos Slim Helu, who dropped to No. 2 ($72 billion).
The B-Side - 'Blips'
THE ONION (www.theonion.com) STORY OF THE WEEK:
The Music Industry Past, Present & Future, And The Internet I answer questions on EconTalk
I did an interview about the industry and the Internet at EconTalk with host Russ Roberts. Russ is also a professor of economics at George Mason University, blogs at Cafe Hayek, and has written three novels that teach economics. He's also the co-creator of the Keynes-Hayek rap video. (And if your understanding of the economic meltdown that occurred needs to be enlightened, this video will do it)
In the interview we talk about the evolution of the music industry, the impact of the digital revolution, and I give my reasons for believing in the virtues and potential of the Internet in enhancing the music industry. I point out, as I have many times here in the newsletter, that the internet allows numerous artists to make money from their music and it can enhance revenues from live performances by expanding an artist's base. We also discuss the challenges facing record companies and I suggest that the full potential of the Internet as a distribution channel has yet to be fully exploited. There's a lot of ground covered, but based on the comments already posted of those who have tuned in, they've enjoyed it.
Read more about it by clicking here.
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