LISTENS NOT DOWNLOADS
Who cares how many people downloaded the new U2 album, the only important thing is how many people LISTENED to it!
This is a huge sea change that is getting little publicity and has been overlooked in the outcry about streaming payments. In the future, you will get paid for every play of your track for all time. Talk to oldsters, the money’s in the publishing, and now the money’s in the play. The more people subscribe, the more each stream is worth. The more streams you get, the more you get paid. So you might have even retired, yet if your music is still popular, if you still have fans, you’ll continue to get paid.
STREAMS NOT SALES
SoundScan is nearly irrelevant. Furthermore, Spotify lists plays, information that used to be hidden from the hoi polloi. The fact that old media trumpets an old metric is indicative of their failing and flailing status. They do it because they’re brain dead and everybody else is doing it. It’s good to be number one, but much more important to be number one on Spotify or YouTube than SoundScan. Ask yourself, who IS buying music these days? Only the ancient Luddites, the rest have moved on to access.
HIGH QUALITY STREAMING
Deezer Elite is SO good you’ll gladly pay. I want to listen to all my old music all over again, to hear what I might have missed, especially on tracks where I never owned the CD. Tidal is coming and expect Spotify to follow. Sure, it’s double the price, but worth it if you’re a music fan. This is gonna change the face of both listening and the kind of music we are listening to. Rich acoustic sounds sound better in FLAC, it’ll pay to get it right in the studio, because once again people will be able to hear it!
What kind of bizarre world do we live in where the only person standing up for paperless is Cat Stevens, who canceled at the Beacon because of high resale prices?
It’s sad that the NY legislature is so ignorant and so swayed by the wrong powers to the degree they ban paperless.
This is an artist issue. The only people who can prevent tickets from being sold at a multiple of face value are artists. But most don’t want to move on this. For fear they won’t sell out, or because they’re participating in the secondary market themselves.
It’s sad, income inequality has infected the music business. But, once again, it all comes down to the artists. They can solve this problem. You don’t have to make every ticket paperless, you can still do platinum, but you can either be part of the problem or part of the solution.
But the sad thing is the public has become inured to scalping. They know the only way to get a good ticket is to comb StubHub, and now even Ticketmaster lists secondary tickets. The enemy has won.
The only thing that can’t be stolen, that cannot be replicated online. This is the music business’s advantage, one that everybody else is trying to copy. Events are rampant, publications have conferences, but music was there first. This is the silver lining of the internet era.
The new autograph, the new souvenir.
Acts can charge for meet and greets, just as long as they let their fans post the resulting pictures to social media.
Was purchased by Google for $1.65 billion in 2006.
WhatsApp was purchased for $19 billion by Facebook in 2014.
Who got the better deal?
Yes, there are huge infrastructure costs, but one has to laud Google for picking up YouTube at what now appears to be a bargain basement price.
As for Facebook, I assume you saw the article that teen use had declined, “Teens are officially over Facebook”: wapo.st/Zzg1kk
It appears that Facebook paid quite a premium for WhatsApp, but the truth is you can’t be victimized by not invented here syndrome. Acquisitions can help you, the same way Apple purchased SoundJam to build iTunes.
What did Gretzy say, skate to where the puck is going?
Samsung is screwed in mobile because it doesn’t have unique software. The Korean company is being undercut by cheap Chinese Android phones. The big money goes to those who can predict the future and plan for it. If you’re focusing on today, you’re soon to be behind the times.
It doesn’t matter how many people downloaded U2′s album, or Thom Yorke’s, but how many people shared them. Your goal is to get people talking about your production, it’s the only way to both keep it alive and make it grow. The old mold of mainstream media promotion is purely one on one, it engenders little virality, which is why new albums and movies are hyped to high heaven and are instantly forgotten. Your music should be a disease. Which can spread through the whole world via one person. If someone is not eager to share your work, you’re dead in the water.
This week’s Masters in Business Radio show at 10:00 am and 6:00 pm on Bloomberg Radio 1130AM and Siriux XM 119 (it also repeats all weekend). Our guest this week is Jim Bianco of institutional research firm Bianco Research. You can listen to the show live here. Shortly after the show, you can stream it…Read More
Good Saturday morning. Settle into a comfortable chair with a strong cup of joe, and enjoy our long-form weekend reads : • Forget GMOs. The Future of Food Is Data—Mountains of It (Wired) • Did Bill Gross Tip The Pop Machine Over? (A Wealth of Common Sense) • ‘Zombie’ homes haunt Florida neighborhoods: Aborted foreclosures leave…Read More
Category: Financial Press
Overview Inflation in developed economies and a number of emerging markets is falling sharply, mainly due to declines in food and, in particular, energy prices. The sharp decline in inflation increases the risks of deflation in the Eurozone (EZ) and further undermines the Bank of Japan’s (BoJ) 2.0% (excluding the impact of the sales tax…Read More
Category: Think Tank
How Do Liquidity Conditions Affect U.S. Bank Lending? Ricardo Correa, Linda Goldberg, and Tara Rice Liberty Street Economics, October 15, 2014 The recent financial crisis underscored the importance of understanding how liquidity conditions for banks (or other financial institutions) influence the banks’ lending to domestic and foreign customers. Our recent research examines the…Read More
Succinct Summations of Week ending October 17th Positives: 1. Initial jobless claims came in at 264k, their lowest numbers since 2000. 2. Gasoline prices fell to their lowest levels since 2011. 3. Russell 2000 actually finished up 2.8% on the week. 4. U of M consumer confidence came in at 86.4, the best since 2007….Read More
Could the Dissolution of OPEC Become a Golden Swan? Fifty-four years of inflated energy prices may be coming to an end. Doug Kass Real Money Pro, October 8, 2014 | 7:31 AM EDT We all know that I’m bearish. To me (at the current time), this is a stock market with no memory,…Read More
The bond market seems to have had its own flash crash this week. The yield on the 10-year U.S. Treasury bond dipped briefly below 2 percent, as panicked equity sellers looked for a safe place to park their cash. Treasuries, of course, are the world’s option of choice, the safest and most liquid port during…Read More
I have been traveling the past few days — did I miss anything? Once again, morning train reads: • Bargain Hunters Pounce on Panic (WSJ) see also Citigroup Sees $1.1 Trillion Stimulus From Oil Plunge (Bloomberg) • People think CEO pay is out of control. The truth is much worse than they know. (Vox) • Bill…Read More
Category: Financial Press
Jay Leno’s Garage:
1991 Porsche 911, Reimagined by Singer. Feast your eyes on Singer Vehicle Design’s meticulously restored and optimized air-cooled Porsche icon.
The legendary Porsche 911, introduced by the Stuttgart-based carmaker in 1963, is in many ways the archetypal sports car: long snout, slanted rear, two front seats with tiny spaces behind each, wickedly fun to drive and instantly recognizable, even if, according to Dickinson, the later models with their liquid-cooled engines have lost some essential, visceral Porscheness. Air-cooled Porsches, which include the original 911 (made from 1963 to 1989), the 964 Series (’89 to ’93) and the 993 Series (’94 to ’98), are considered by Dickinson (and many other purists) to be “real” Porsches. “Don’t get me wrong; the new Porsches are great cars, wonderful, but they’re touring cars,” he says, and then he hurls what he intends as the ultimate insult: “They might as well be Jaguars.”
More photos after the jump . . .