Quote:
Originally Posted by kane
While they are opening up these new revenue streams they are still not making as much as they used to make. Today the music industry is a singles market, 15 years ago it was an album market. If you wanted a song you likely had to plunk down $15-$20 for the full CD, now you can spend 99cents and get it.
The biggest example of how the record industries are not thriving like they once did is the growth of the 360 contracts. Long ago I used to work for a record label and the label only made money from the music sales for that artists. Even the thought that a record label would get a piece of touring and merchandise and other things was almost unheard of. Now it is pretty common for new artists to sign deals that cover every aspect of their career so the label gets money from everything they do.
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Where I am sure some people are not doing as well. Look at some cases. Brittany Spears, Nicky Minaj for instance...shows like X-factor or American Idol were never around prior to this era. These broads will make 15 million this year just from doing 1 season of these shows. They dont have to make a record, they dont have to go on tour etc...There are plenty of people making plenty of dough. It might not be the actual people who make good music, and those people might be struggling. People have Vodka's they have clothing lines. This stuff did not exist before. They have many ways to make money besides record sales. Any main artist doesnt sell an album for 99 cents. more like 9.99. And they sell it digitally. Which means they do not have to pay for the actual pressing of the record, tape or CD. It is the same file being downloaded over and over again. Its not the age of good musicians making money for good music. Its the age of terrible music making tons of money because of PR and Social Networking.