Music Banter - View Single Post - The financial decline of the music industry and two possible consequences
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Old 03-31-2013, 07:16 PM   #14 (permalink)
djchameleon
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Quote:
Originally Posted by edwardc77 View Post
I read that article a few years ago, and yes record companies usually tend to give artists a raw deal. For them it's just business.
However once I also read an old sonic youth interview where they stated that they decided to move to a major label because indie labels had difficulty offering them adequate promotion and getting money from them was always problematic. Plus for the first time in their lives they now had health insurance.
Don’t get me wrong, I love Steve Albini, and I admire the people that he worked with (The Jesus lizard, Zeni Geva, Slint) but commercially wise we are talking small numbers.
Back in the old days if you wished for success and big financial rewards probably major labels were almost your only option.
However that wasn’t my point, my point is that if you have big ideas in music nowadays, it will be difficult to turn them into reality because simply there is no money out there for big risky projects.
The times they are a-changin'

There is this nifty thing called the internet where artists are now in control of their promotion and if they have a big project that needs funding they can turn to donation sites for that. Yes, it takes work to get it out there but it's being done. This is the best time to be an artist with the amount of control you can have. Sure on the corporate side, they arE being a bit tight but if a quality album is released people will still flock in droves to buy it. Look at the first week sales for JT's new album.
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