March 13, 2012

SPECIAL ANNOUNCEMENT

SPECIAL ANNOUNCEMENT

We are very excited over the response we're getting to our blog. The comments and kudos have been great!  Our goal in writing this blog is to give you the information you need to equip your tool box to move forward in your career.  This is a very complicated industry.  We want to provide you with the most current and accurate information available.  However we need your help!

Please comment on these blogs so we will know if we're hitting the mark or not.  We also need your input.  If you have any questions concerning the music industry, please let us know.  We will do our best to get the answers you desire ASAP.


Send questions to: gshuman@myamp.org

Thanks and good sailing! J.Grady Shuman
president and founder of
AMP THE ASSOCIATION OF MUSIC PROFESSIONALS

DO I NEED A RECORD DEAL?



DO YOU NEED A RECORD DEAL

Do you need a record deal? With everyone talking about how much the music industry is "changing" these days, many musicians wonder if they really need to worry about demos and labels any more, or if all of that traditional music business stuff is just so passe. In fact, you've probably heard a lot of people tell you that you definitely DON'T need a label - that labels are only taking a cut of your earnings for something that you could be doing by yourself anyway. The truth really isn't quite that easy.
First - yes, you CAN release your record yourself. There are more avenues than ever before for indie music in general, and that means musicians have a better shot at success with a self release now. But make no mistake about it - there's nothing especially revolutionary in the model of self releasing your record. You're not "skipping" the record label - you're really starting a record label. If you're serious about selling your music and trying to make a living, then you are going to have to do nearly everything a record label would have done in the old days- both in terms of work and finances. It just does not cost as much.  The better question isn't whether you need a label - really, you don't - but whether or not you are ready, willing and able to do everything involved in running your own label.
I can't say this too many times. If you don't have the passion and drive to do the work, don't go there. If you can't take rejection, don't go there. If you're in a hurry, forget it! This is not a sprint, it's a marathon. But, if you have the talent, and perseverance , you have as good a chance as anyone.
One of my favorite quotes is; "The heights by great men were not attained by sudden flight -- but they, while their companions slept, toiled upward in the night."
Henry Wadsworth Longfellow

March 12, 2012




Did You Know? 2010 Was the Worst Decline EVER for the Concert Industry...


It's worse than you think. "2010... was the single largest year-over-year decline in the history of the live event business, straight up, in the 35 year history of Ticketmaster and I think anywhere else," said Ticketmaster CEO Nathan Hubbard in a weekend interview with Topspin head Ian Rogers.  "You have to take a step back and say, 'why? what is the fan telling us that isn't right about the business?'"        
Is this simply becoming a broken model?  Indeed, a look at Live Nation's financials shows the dramatic plunge, with 2008 also offering a catastrophic free-fall (left axis in millions). 


In the interview, Hubbard pointed to a number of sticky problems.  "We've got a fan experience problem, first and foremost. There are things about buying the ticket that suck.  There are things about going to the show that suck."   
But pricing may be the bigger - and primary - culprit.  "The compound annual growth rate for ticket prices has been 5-8 percent, since the beginning of time - so it's just continued to inch up, and the decline in recorded music sales accelerated that for sure," Hubbard continued.  "Price is still an issue for fans."

 What a great time for the entrepreneur! If the concert industry follows suit with the record industry, they will change only as a last result. The cool thing is, the public is waking up, and getting tired of being railroaded. As more and more people get tired of the insanely high prices, and stop attending concerts, new doors will open for the concert goers.
The entrepreneur , will see the value, and new and smaller venues that are more user friendly will open up and draw the unhappy concert goers. Don't think for a minute this is not going to happen. It already is! The smaller venue owners are going to have to change their way of thinking, and begin catering to the new breed of concert goers.If will happen sooner if we all band together and stop supporting the gougers.
Please comment and join us on FB, and twitter. Also join me at Grady Shuman on FB. Thanks, J.Grady

How much is the music industry really worth


How Much Is the Music Industry Really Worth? Try $168 Billion...



The recording industry has been fractionalized over the past decade. The touring sector suffered its worst decline ever last year. And music publishers are struggling to keep things flat.
So how is the broader music industry somehow worth $168 billion? The answer comes from a broader list of music-related sectors, including those tied to consumer electronics, radio advertising, and musical instruments.          
Take a look at this 2010 estimate from global trade group IFPI, which pegs the figure at $167.7 billion, with radio advertising squarely in the lead (larger graph here).  Recognize this business?  
 167.7 Billion? Really? When all of this is sorted out in facts, it's really not that hot for the record industry or radio. Globally , the record industry is down from 16 billion in 2009 to 6.4 billion in 2011. Radio is scrambling to hold onto its market share and is losing ground fast. Yes, the digital age is here and it's swallowing up all its competition.
Please comment on our post and like us on FB. Thanks, J.Grady!

March 10, 2012

Question of the week: Street Team



What is a street team?

street team is a term used in marketing to describe a group of people who 'hit the streets' promoting an event or a product.  'Street Teams' are promotional tools that have been adopted industry wide as a standard line item in marketing budgets by entertainment companies, record labels, the tech industry, corporate brand marketers, new media companies and direct marketers worldwide.

[edit]History

The now ubiquitous "street team" model was originally developed by urban record labels such as Loud Records, Jive, Bad Boy, Roc-A-Fella and Priority Records.  Rap labels found an affordable and highly effective bridge to their target audience that did not require the traditional outlets found in print, radio, television mediums and elusive large scale record distribution deals.
It was a modern version of a credible "cool" field marketer working for you with the ability to create hype for your artist (brand) through credible peer-to-peer interactions and viral word-of-mouth influence marketing.
This grassroots tactic was partly born in the mid-1990s from the larger monopolistic record distributors trying to shut out rap and smaller music labels of the day from radio and mass distribution due to the early stigma of "gangsta rap" and "punk" on those genres as a whole.
Street Teams were used by smaller independent record labels as a tool to circumvent the larger out-of-reach distributors and corporate owned record labels. Other independent label owners used street teams as a way to build equity in their stable of artists for the benefit of gaining a courtship by a larger music label or record distributor to merge or sell part or all the company. (see Loud Records sale late 1990s)
For the smaller labels trying to get in the door of the music business, the thinking was in part to build a loyal fan base in key markets first, get strong street hype and "street-cred" first, try to get on the local radio stations through hype/word-of-mouth, then go to the larger record distributors with a much stronger negotiating hand and a solid "sellable" commodity.
Through this method of building a solid fan base with disposable income first, the smaller label wielded greater power in their initial distribution negotiations for the benefit of their music artists and their profit margins. Distribution deals for an "unproven" new artist that came with a built-in fan base, generally received better upfront money deals than music artists had previously received without street teams sharing the music and spreading the word (viral marketing) nationwide.

[edit]Street Teamers

The position of street team representative was often filled by fans of an artist or young people looking for an introductory position in the music industry.  In many cases, an influential teen referred to as a neighborhood "tastemaker" was sought out or pinpointed by a record label to be used as a conduit to their respective neighborhood, due to their stronger influence over other teens that looked to them for "what's hot" or "what's the next hot thing".  The tastemaker was directed to create a team on the streets to make an unsigned music artist more popular through word-of-mouth and hype.
The concept for organized promotion teams in the music business can also be traced back to January 1975, when Starkey and Evans, two teenage KISS fans from Terre Haute, Indiana created the KISS ARMY as a group of fans determined to promote the KISS name.  Although this could be more attributed to fan clubs, fans worked together outside of their homes, to promote KISS to other kids at school or while hanging out.  This KISS army was quickly taken over by the band KISS itself and army recruits were offered limited edition merchandise and seating.
Usually unpaid, street teams for bands and artists are still often composed of teenagers who are rewarded with free band merchandise or show access in exchange for a variety of actions:
  • placing stickers and posters in their communities
  • bringing friends to the shows
  • convincing friends to buy band merchandise
  • phoning your local radio station to request their songs be played
  • bringing vinyl and CDs to local DJs in the clubs where they work
  • posting to band forums and bulletin boards online
  • maintaining zines or websites dedicated to the band
In some cases, points are assigned to an individual for a particular action, and those points can be exchanged for tickets to shows, or for band merchandise. Some bands even produce special items just for street team members.

Please make comments and ask questions we will get back to you ASAP!




Source --- Wikipedia