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Help A New Kind of Music Label Revolutionize The Industry

Mandates To Buy American Should Be More Carefully Considered

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stories filed under: "music label"
Insight Community

Insight Community



Filed Under:
music industry, music label, unlabel


Closed: 21 Oct 2009, 11:59PM PT

Earn up to $500 for Insights on this case.



Our case on helping a new kind of music label revolutionize the industry is closing in a couple days, so we wanted to repost it here to make sure those of you with thoughts on how to really build a label that is artist-centric had a chance to weigh in. There's some good insights, ideas and discussions on the case already, so please feel free to weigh in with more thoughts on what's already been written, or with brand new insights of your own.

The music industry has changed significantly in recent years, and technology now allows musicians to distribute their work and interact with fans more easily than ever before. As times have changed, the traditional process of signing with a record label is getting more and more competition. Here we describe one alternative vision for supporting musicians that focuses on the artist and aims to disrupt conventional music publishing. The subsequent task is for the Insight Community to suggest improvements to the plan, give feedback from an artist's point of view, offer advice on implementation, and even respond with possible arguments against this approach.

The Vision of an Un-label

The 4 pillars in the work of a musician are: compose, record, be on stage and on tour. The live show is more than ever a vital component of the career of an artist, but it can not exist without the production of new tracks. For the artist to tour, an album is a prerequisite.

As always, there are costs to produce an album, but the artist should ALWAYS retain ownership of his/her work. Without artist ownership, the genuine involvement of the performer is lost. But if the artist ultimately owns the work, the musician has an honest commitment to promoting every song and a vested interest in connecting with fans. That said, albums still need to be financed at times, and a complete support infrastructure to promote the artist and his/her work is still necessary as well.

For the financing of albums, an artist will sign a temporary exclusive license to his/her music in exchange for initial funding (if necessary) and a share of revenues from tours, shows, physical and digital sales, merchandising, etc. The artist will commit to live performances and interactions with fans through various channels (eg. press, TV, web, etc). The artist will be the brand behind the music, and the new 'Un-label' will provide financing, publicity and management as necessary. The Un-label has incentives to serve the artist since its exclusive license is temporary, and the artist will be free to go elsewhere after the contract is fulfilled.

Key points summary

  • Artists always retain ownership of their work.
  • Artists get worldwide distribution with transparent accounting.
  • Artists get a dedicated partner with aligned incentives.

Supplemental Materials

To further explain this vision, there is an accompanying presentation to discuss this concept:

 

How You Can Help

The idea behind this Un-label is hopefully easy to understand, but how does a business based on this philosophy attract and convince artists? Below are some questions that attempt to focus this discussion on improving this vision. These are not the only questions to answer, but they're a starting point.

  • What kind of educational materials need to be created to help this business compete with the more traditional recording contracts?
  • If you were an artist, how does this proposition sound to you?
  • What are the most attractive portions of this plan for musicians? What are the least attractive parts of this concept?
  • Have you heard of similar businesses? How do you think similar businesses are doing?
  • Are there services that exist that could improve this business? Can you think of potentially good partnerships or collaborations?

Visit the CybearSonic Site (English translation)

22 Insights

View Case

 
Culture

Culture

by Mike Masnick


Filed Under:
coffee, lifestyle, music, music label

Companies:
starbucks



And On Second Thought, Maybe Starbucks Shouldn't Be In The Music Business

from the core-competencies dept

We've chronicled Starbucks' successes and failures as it tiptoed into the music industry over the past few years. The ubiquitous coffee shop was trying to position itself as a "lifestyle" brand. After successes in selling the albums it regularly played in stores, the company went so far as to set up its own record label. While we noted that this was an interesting play, it seemed like it would really only work if the the company didn't try to become a normal record label. Unfortunately, it seems like that's exactly what it did. It focused on selling albums, rather than the wider musical experience, and pretty much relied on the Starbucks connection to boost sales. That just wasn't going to cut it -- so it should come as little surprise that the suddenly struggling company is handing over the record label to someone else to deal with. Starbucks will continue to look for music to sell in its stores -- it just won't be producing albums anymore. This makes plenty of sense since Starbucks never really seemed to have much of a plan to do anything really innovative in the music business, and right now it probably has a lot more important things to concentrate on.

20 Comments | Leave a Comment..

 
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