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December 16, 2002
Record industry financials
MacWizards Music -- Special Features
Interesting post at MacWizards Music on the record labels' continuing claim that their slight decrease in sales is the result of piracy. The author carefully considers the public data available, and demonstrates that label revenue per release is actually up, and that the decrease in volume can be explained by fewer new releases and the death (thankfully) of the CD single.
The author goes on to suggest a new model for independent labels, one he thinks is economically feasible and friendly to bands.
Of course, he overlooks one small expense: promotion. The inbred promotional cesspool of radio stations and labels is all about one hand washing the other. Without millions of dollars in promotions, bands don't get radio airplay, and people don't buy records.
December 16, 2002 in Seen browsing | Permalink
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Without millions of dollars in promotions, bands don't get radio airplay, and people don't buy records.
Actually, I'm not so sure this is true. I think bands can get airplay without promotion: the current promotion system keeps more bands off the air than it gets them on it. Take a listen to the playlist at WRAS vs WKLS sometime and see who plays more tracks and more artists and who is the beneficiary of more record company dollars.
I quoted Peter Buck, former resident of your domain and now a resident of mine, on this topic a few months back.
Posted by: paul at Dec 17, 2002 4:07:05 PM