Comments on: Reflections on the fate of the music business as we know it. http://firemark.com/2009/06/11/reflections-on-the-fate-of-the-music-business-as-we-know-it/ Theatre, Film, Television, Music & New Media Sat, 24 Jul 2010 00:22:36 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Toriano Burney http://firemark.com/2009/06/11/reflections-on-the-fate-of-the-music-business-as-we-know-it/comment-page-1/#comment-102 Toriano Burney Thu, 25 Jun 2009 15:54:28 +0000 http://firemark.com/2009/06/11/reflections-on-the-fate-of-the-music-business-as-we-know-it/#comment-102 I have been dabbling with music for over 20 years and as a kid I remember recording all the music I wanted off the radio. This is the same exact thing as file sharing. The problem is not in file sharing it is the saturation of the music industry that has caused this problem. Also the greed factor has also plagued the industry a cd cost .75 cents to manufacture and it sits on the shelf for 17.99 thats ridiculous. Also the quality of music has went completely downhill. Who wants to buy and album with at most 2 good songs and the rest of the album is garbage. They are just getting a taste of their own medicine. How does it feel to have someone steal your music. The labels and artist are common theifs I would not recommend sending them a demo tape ever especially if what you have is worth a listen. KARMA BABY ! I have been dabbling with music for over 20 years and as a kid I remember recording all the music I wanted off the radio. This is the same exact thing as file sharing. The problem is not in file sharing it is the saturation of the music industry that has caused this problem. Also the greed factor has also plagued the industry a cd cost .75 cents to manufacture and it sits on the shelf for 17.99 thats ridiculous. Also the quality of music has went completely downhill. Who wants to buy and album with at most 2 good songs and the rest of the album is garbage. They are just getting a taste of their own medicine. How does it feel to have someone steal your music.
The labels and artist are common theifs I would not recommend sending them a demo tape ever especially if what you have is worth a listen.

KARMA BABY !

]]> By: Terry Hart http://firemark.com/2009/06/11/reflections-on-the-fate-of-the-music-business-as-we-know-it/comment-page-1/#comment-103 Terry Hart Sat, 13 Jun 2009 08:58:23 +0000 http://firemark.com/2009/06/11/reflections-on-the-fate-of-the-music-business-as-we-know-it/#comment-103 I wonder the same exact things. First off, based on my research, it appears that the problem of file-sharing is not as bad for revenue streams of artists as it is made out to be. Several studies have indicated that at worse, the loss of corresponding music sales is minimal, and at best, it actually serves a promotional effect that increases sales. As for simply requiring ISP's to pay a sort of 'tax' to recover royalties for p2p sharing, I'm not sure this is a good idea. My primary reason would be the success of iTunes. It alone is selling approximately 1 billion single digital downloads every 6 months. With the CHORUSS plan, or something similar, iTunes, and every other smaller business, would be practically eviscerated. It's hard to argue for a plan based on the premise that no one pays for downloading music when that plan would stop a company that sells 2 billion downloads of music every year. I tend to agree with the unnamed artist manager that you mention in the second to last paragraph. There is a mountain of research I can show you that gives his idea merit. Basically, since digital music is a non-scarce resource, it makes no sense to try to monetize it. Better to use it as promotion for the scarce resources you can provide: not only tangible goods like t-shirts, live shows, and other merchandise, but also intangible goods, like access to the artist, or even convenience. Before you dismiss the last idea, remember that the bottled water industry is making over $6billion a year for convenience. They're basically selling a product that any home with indoor plumbing can get for free. And if you don't own a home, you can still tilt your neck up when it rains. The solution will most certainly require much creativity. With all the technological changes, adaptability is a must. But I don't believe the situation today is any worse than the one facing sheet music providers when the piano roll was invented. I wonder the same exact things.

First off, based on my research, it appears that the problem of file-sharing is not as bad for revenue streams of artists as it is made out to be. Several studies have indicated that at worse, the loss of corresponding music sales is minimal, and at best, it actually serves a promotional effect that increases sales.

As for simply requiring ISP’s to pay a sort of ‘tax’ to recover royalties for p2p sharing, I’m not sure this is a good idea. My primary reason would be the success of iTunes. It alone is selling approximately 1 billion single digital downloads every 6 months. With the CHORUSS plan, or something similar, iTunes, and every other smaller business, would be practically eviscerated. It’s hard to argue for a plan based on the premise that no one pays for downloading music when that plan would stop a company that sells 2 billion downloads of music every year.

I tend to agree with the unnamed artist manager that you mention in the second to last paragraph. There is a mountain of research I can show you that gives his idea merit. Basically, since digital music is a non-scarce resource, it makes no sense to try to monetize it. Better to use it as promotion for the scarce resources you can provide: not only tangible goods like t-shirts, live shows, and other merchandise, but also intangible goods, like access to the artist, or even convenience.

Before you dismiss the last idea, remember that the bottled water industry is making over $6billion a year for convenience. They’re basically selling a product that any home with indoor plumbing can get for free. And if you don’t own a home, you can still tilt your neck up when it rains.

The solution will most certainly require much creativity. With all the technological changes, adaptability is a must. But I don’t believe the situation today is any worse than the one facing sheet music providers when the piano roll was invented.

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