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Old 9th August 2007   #1
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If you go with a major, hold onto your wallet...

...even more tightly now than ever...

Music companies seek new money in old partners - Yahoo! News
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Old 9th August 2007   #2
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Fortunately, I have no talent so I'm in no danger at all.
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Old 9th August 2007   #3
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Yep. It seemed inevitable. In fact, I am surprised it has only happened now and not 2 or 3 years ago.

Touring and merchandising seem like logical extensions of music sales, I suppose. But artist management is one gigantic conflict of interest, I would think just as significant as those which necessitated ASCAP and BMI.

Something tells me that lots of people will go for it and in a few years there will be lawsuits and legislation needed to clear up the mess.

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Old 9th August 2007   #4
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It actually has been happening for the past 2-3 years. For a while now, all Sony/BMG contracts require that the label controls the band's website. Bands without a lot of negotiating leverage are often compelled to sign publishing agreements with Sony/BMG publishing in order to get a record deal.....not to mention signing over portions of merch and touring income. Of course all the majors will follow.

As CD sales plummet, it was only a matter of time before this became the new "standard". It is a scary proposition, but labels are defending their stance by arguing that as they are part of the season why artists become successful, (radio promotion, sales teams, financing videos, etc) they are entitled to a piece of the pie. I hate to admit it, but I can see their point.
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Old 9th August 2007   #5
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I don't think many have to worry too much because labels are barely signing anything anymore.
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Old 9th August 2007   #6
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The point of a major was to get into the distribution pipeline and sell CDs.

Why sign today? (Unless you have a way to flip the budget money in something non music related.)
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Old 9th August 2007   #7
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HAHA

Quote:
Originally Posted by Old Cane View Post
Fortunately, I have no talent so I'm in no danger at all.
Thats so Funny!
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Old 9th August 2007   #8
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Fortunately, I have no talent so I'm in no danger at all.
We are talking major labels TODAY.

You are in the most danger.
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Old 9th August 2007   #9
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We are talking major labels TODAY.

You are in the most danger.
LOL!
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Old 9th August 2007   #10
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But does anyone see the potential conflict of interest should labels move in the direction of management? That is what was also suggested in the post and that to me is completely objectionable.
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Old 9th August 2007   #11
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Just start making really great catchy commercial songs for the big companys like mcdonalds pepsi chevy. I'm telling you that's where the money is.. Making catchy songs for commercials and selling the single on itunes.
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Old 9th August 2007   #12
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Yet another example of desperately flailing while the ship sinks. It would be funny if it weren't so pathetic how the majors can't see the real problems and the solutions.
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Old 9th August 2007   #13
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I'm sick of hearing about low cd sales...Do they tell you how much their making off itunes downloads?????NO
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Old 9th August 2007   #14
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if the labels buy up all aspects of revenue, pretty soon all musicians will become salaried employees of the record labels... Britney will be punching the clock like the rest of us...
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Old 10th August 2007   #15
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Quote:
Originally Posted by Old Cane View Post
Fortunately, I have no talent so I'm in no danger at
all.
like that one. It's been a while since I've seen a major with a lot of 'talent', though.
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Old 10th August 2007   #16
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Having run a record label with major distribution for over 17 years, I can tell you for certain that the amount of money being generated by ITunes does not offset what is being lost by file sharing, burned CD's and MP3's....and while no one is mourning the implosion of major labels, let's not forget that there are plenty of amazing independent labels who are feeling the crunch as well. It all trickles downwards folks...less revenue equals smaller recording budgets.



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I'm sick of hearing about low cd sales...Do they tell you how much their making off itunes downloads?????NO
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Old 10th August 2007   #17
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Quote:
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Having run a record label with major distribution for over 17 years, I can tell you for certain that the amount of money being generated by ITunes does not offset what is being lost by file sharing, burned CD's and MP3's....and while no one is mourning the implosion of major labels, let's not forget that there are plenty of amazing independent labels who are feeling the crunch as well. It all trickles downwards folks...less revenue equals smaller recording budgets.
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Old 10th August 2007   #18
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went to one of the very few record stores left the other day.
17.98 for a cd plus tax?... of course this was all going to happen.
what do they expect? if cd's had stayed at the 9.99 level, they might still be around. it's their own fault. dewsh bags.
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Old 17th August 2007   #19
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We are talking major labels TODAY.

You are in the most danger.

To quote Homer Simpson: "it's funny cause it's true"
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Old 17th August 2007   #20
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lmfao @ Old Cane & no ssl yet
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Old 28th August 2007   #21
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We are talking major labels TODAY.

You are in the most danger.

I've been one-upped!

How true, how true. Back in the early 90s we had a bunch of major label interest. When the A&R guys came out (usually label big shots too) they came in bunches from 2 or 3 labels at a time. It was like dealing with stock brokers. I figured out if one liked you even if the rest didn't it started a bidding war but if one said they didn't like you no one would go out on their own no matter how much they liked you. You could go from the toast of the town to the bottom of the barrel in about half a beer if one guy thought the sky was falling. Fortunately I have a thick skull so the one time it actually fell it only caused a bald spot.
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