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The
digital revolution and why your music is worth nothing. Hi I'm Matt from Kurb promo. For my first piece for NZ musician I was going to try and bring musicians up to speed with how the digital distribution of music is changing the industry but last night I had a realisation that I didn't think many musicians are ready to comprehend let alone accept. That is why I decided to write about it. Your music is worth nothing. Purely in financial terms, that is. If you get a lot of fulfilment and enjoyment out of writing and performing that's a great reward, but my clients are people who have taken the step of working towards earning a living from music and so that's my angle. But it's not time to collect the coins in your guitar case and go to the pub just yet. The internet means
music is becoming like water. You can try and bottle it and launch a massive
marketing campaign to sell it but most people will still choose the tap.
So what do you do? Give them the water for free. Start selling cups and
glassware. |
Contact:
the
kurb's indie muso's |
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What
the digital revolution means is that technology has now allowed for information
music - to be more accessible to anyone with high speed broadband
than ever before. The fact that entertainment no longer needs to have
a physical form (i.e. a CD or DVD) is totally changing the music industry.
Labels, publishers, distributors, retailers all those who had the most
to gain from music as a physical commodity are now bitterly resisting
falling profits. Though we might certainly see a "fairer" music
industry, even with the online distribution blooming into life musicians
have to face that technology is slowing eroding the commercial value of
music as a general retail commodity.
If your music is worth buying its worth stealing. In fact if no one wants to steal your music, you know no one will buy it! Which is all a matter of perception because on the internet it's called "sharing" and anybody with half a clue can do it. The patterns of consumption are changing. Teenagers aren't going to save their pocket money and buy their favourite CD and listen to it for a month. They're going to download something new everyday and listen to it for a week. I'm not sure it's a moral issue. The point I'm getting at is that I downloaded the latest Shapeshifter album and I decided I liked 3 of the songs, so I paid US$3 to download them and Shapeshifter gets US$2.07. $3. well that doesn't buy many Porsches. In fact it doesn't even by a happy meal, let alone a decent feed of chips for all the guys. You have to remember when I buy the CD at the Warehouse for $30 the musician doesn't get much more. And with slumping CD sales due to digital developments the business side of the industry is shrinking dramatically, so although Musicians can now see a bigger cut of their earnings than ever before, they have to be smart to stay in it professionally. So whats going to
pay the bills for poor Bic working her day job? Smart musicians have
to realise their music that they love is no longer the product, its
the window dressing. Lets talk about how musicians are going to make
their money in the future: Gigs: Obviously. At least one thing will never change. Nothing beats a great live show. Maybe you don't have a great live show. Then you might wanna pay to book a headliner that everyone knows does and support them. If you see what I mean. Videos: "The singers shit but I love their camera work." Again, your music maybe worth nothing but your music videos are worth more than ever. paid content is coming people. What if you wake up in 2008 and you're being paid as much as US30c for every view on youtube? And 100 people watch your video everyday? What if your video is totally next level and it blows up or gets featured and 100,000 people watch it in a week? Hullo? Which means that guy in media school who's always hanging around? He's your best friend now. Licensing: Music
may not be worth anything any more but it hasn't stopped being sexy.
Music creates meaning it creates an image, and if a product has no image
then it has no appeal. The trends indicate that digital licensing for
film, television, advertising software and all manner of commercial
uses is coming up in a big way, not only with the Merlin deal but also
online licensing agencies multiplying. So. Making music is what you love and it's the reason you got into this. But lets face facts. Music is becoming lean and mean, to stay alive, you must evolve. The digital revolution means that already the music you create and record no longer has nearly the value as a product as it has in the past. But it still has value as a brand. It still has value as something true and meaningful that touches people and they believe in it. Which is every marketing manager like me's dream. Because then you can sell them anything. |
Writing
an artist bio
What kind of music is this? All About Mastering The Myths of pop idol Designing your CD Cover Writing A Press Release Distribute free Mp3's online Music, Technology and a recent history of the industry Attracting and working with distributors Formulating a Promotions plan Kurbs favourite Music Industry Quotes The business of selling music Know your fans 35 Self Management tips for musicians Attracting more fans faster 25 Things to know about distributors The philosophies of fame Marketing
your music to make money
Special
packages for venues
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