Where Is the Money Coming from? a Look Into the Modern Music Industry Essay
Submitted By mrnlo123
Words: 799
Pages: 4
A current event that I have been looking into recently involves a massive change in the music industry. Musicians and recording artists are now receiving funding for their projects from subcontracted firms and private investors, rather than signing recording contracts and “360 Deals” with a record label. As many know, the music industry has been changing rapidly since the internet made being “discovered” a whole lot easier for emerging artists. However, the days of becoming famous off of a YouTube video are long gone, with only a few exceptions. The huge amount of people trying to become famous on YouTube has over saturated social media, and has made it very difficult to rely on the internet for promotion. The real key to becoming popular as an artist is having financial backing to promote their great music. Up until this year, the vast majority of that funding would come from major record labels. Not only would they put up the financial investment, they would control every aspect of the artist’s career: touring, TV appearances, getting radio airplay, and so on. Major record labels were the only companies that had connections with popular radio stations, large music venues, late night talk shows, ect. If an artist signed a major record deal, they were guaranteed to become a star just because of the amazing promotional avenues the label provided. Artists can’t make those connections themselves, so what bad about signing a record deal? The problem is the massive chunks of song royalties, merchandise sales, and touring payments that the record labels take from their artists. Often, artists who were turned in to superstars by their labels kept about 10% of their total net income. The other 90% of their income went straight into the pockets of the major label executives. However, this is beginning to change. A large amount of private investors are starting to get their feet wet in the music business. Now, talented artists can approach these investors for loans. The artists then take that loan money (often $50,000 to $100,000) and personally hire a firm or company that is subcontracted by a major record label. These companies take their clients’ music and pitch it to radio stations, TV shows, and so on, based on the company’s specialty. Before, only record labels had contact to these specialty companies and firms. However, these companies and firms have realized that they can literally double their profits by opening their doors to individual artists looking to hire them for promotion and placement. There are many success stories with this sort of approach to “making it” as a musician. For example, popular rapper Macklemore took a significant chunk of change that he earned himself and hired a publicity firm to work for him. It happened to be the same firm that promotes Warner Brothers Records’ artists on the radio. This “radio-promotion only” firm put Macklemore’s song “Thrift Shop” on nearly every Top 40 station in the country. That got the song heard by millions of people
Related Documents: Where Is the Money Coming from? a Look Into the Modern Music Industry Essay
Expository Composition 3/12/15 Music Shapes our Lives Music has the ability to shape one's mind and outlook on life. The growth of music has led to an expansion in ones freedom of expression, these changes cause divisions in music which then cause divisions in society. In my generation, people are judged by what music they listen to, whether it be pop music, EDM (Electronic Dance Music), or rap/hip-hop, musical styles can go hand and hand with one's personality. Pop music is generally enjoyed by everyone…
The Effects Of Piracy On The Music Industry Since the birth of the computer, people have partaken in many activities based on the web. Some positive, some negative, and some down right illegal. The most common incident of illegal activity online is through what some would call modern day piracy. The more accepted term used is file sharing, and it is just that: sharing files over the web, typically illegally. File sharing has been a controversy who’s legality has been frivolously debated since…
Introduction The music industry was born about a century ago when technological innovations gave way to capturing, storing and replaying sound. Ever since, the music industry has adapted to ensure they remained sustainable, but often did so with resentment. The sound evolved from mono to hi- fidelity stereo to Dolby surround sound, replay devices evolved from gramophones to large, in-house stereo systems to compact and portable audio devices, and storage media technologies evolved from vinyl to audiocassettes…
people in modern history and he is well-known as the co-founder, chairman and chief executive officer (CEO) of Apple Inc (Misa, 2011, p. 919). In any cases, Steve Jobs had displayed personal characteristics as a leader. Steven Jobs returned back to Apple when the company was going through a terrible…
AgelessMuzik Music Label Dominic Khaemba Director P. O Box 190, Kimilili Nairobi County, Kenya +254-723-926-314 domiageless@yahoo.com www.agelessmuzik.org Fiscal year 2014 Table of Contents [pic] Statement of Confidentiality & Non-Disclosure 2 Statement of Purpose 2 Exhibit “A” Executive Summary 3 EXHIBIT “B” Business Description 4 1.1 Industry Overview 4 1.2 Company Description 4 1.3 History…
movement best known for its impact on music in the form of the musical genre of the same name. It has its origins in the Bronx, in New York City, during the 1970s, mostly among African Americans but with some influence from the Latin American population of the area as well. The culture has gone from being a relatively underground style to being a major style throughout the world, and it has been commercialized and popularized, especially in the United States. Hip-hop music incorporates a number of iconic…
| |Economic Factors affecting Circus Industry | |• Economic well-being of the population and the high level of economic|• Presence of trade barriers |…
Languages (Manpreet S. Fartha) 5 VI. Traditions, legends, and/or myths (Keren Argueta) 6 VII. Art before colonization, and modern times (Manpreet S. Fartha) 8 VIII. Prominent people, painters, Nobel prices (Mike Coates) 10 IX. Type of government (Erlenys Correa) 12 X. Tourist attractions (Mike Coates) 13 XI. Food (Keren Argueta) 14 XII. Music and dance (folklore and modern) (Erlenys Correa) 15 XIII. Currency (Corey Tallevi-Keller) 16 XIV. Economy, production and natural resources (Corey Tallevi-Keller)…
Charles Own Story Ray Charles is well known for his ability to play, compose and perform music across a plethora of genres. His work has inspired generations and will continue to do so for years to come. It is thought by many that he was responsible for the creation of soul music. Growing up during the great depression of the 1930s , Charles' career spanned over the vast changes in American society. His music bore witness to the trials and tribulations of socially segregated America and aided…
I’m a Designer Too!: A Threat to the Graphic Design Industry In society today, many people have a do it yourself mentality. Lots of people think they are a designer because they know how to use some Photoshop. This devalues the graphic design industry and giving un-needed competition to it. People think that just because designers create beautiful things, work with shapes, text, and colors, that everyone can do it. They do not understand that designers are not just creating art. They are conveying…