Weekly Music Biz Recap #12July 10th, 2011 | weekly music biz recap
It’s Sunday, which means it’s time for our weekly music biz recap. It has been an interesting week and the main story appears to be that the entertainment industry has been able to get US ISPs to introduce a graduated response system to reduce piracy. So let’s start with that.
♪ Whereas some see the deal between US ISPs and the entertainment industries as a potentially global model, others are more skeptical. The timing might for it might actually be a little off, since music sales might be climbing again.
♪ Music Think Tank has a really great article up about how to structure a company to succeed in the current music industry. It lays out three core problems in the music industry’s ecosystems and explains how to deal with that.
♪ On YouTube, we found an interesting video which explains other financial difficulties in the music business at length. It is appropriately titled: How to sell 1 million albums and owe $500,000.
♪ Whilst successfully increasing pressure on pirates, it appears music rights groups are facing a little pressure of their own two. In Spain, raids were carried out and bosses were arrested for fraud, while in Switzerland the IFPI’s CEO resigned after allegations of tax fraud.
♪ For those who prefer to ‘save the drama for ya mama’, here’s something more practical. Hypebot ran a post about a tool which lets you export your Facebook fan data. Worth giving a spin.
♪ More news also about music geeks’ favorite new toy; turntable.fm. Rumors went around that they received $7.5m in funding, but they subsequently denied this, TechCrunch reported.
♪ To close this post… I finally published my research which actually got me noticed and hired by official.fm a few months ago. In the thesis, I do a deep investigation of the problem for artists and labels in the digital age and suggest a solution which I have labeled ‘the ecosystem’. I hope it will serve you as a valuable guide to market your music through non-linear communication.
That’s all. As always, don’t hesitate to reach out.