The financial decline of the music industry and two possible consequences

edwardc77 · 03-31-2013, 04:10 PM

First Consequence:
The end of big budget productions.
It will be very difficult to hear in the future complex albums that require months of studio sessions and lots of money to fund. Albums like Sgt pepper’s lonely hearts Club band, The Dark side of the moon, Loveless and The Fragile to name but a few.
If I remember correctly the total cost in 1967 for Sgt. Pepper’s Lonely Hearts Club band was around 50 thousand pounds (the equivalent of 750 thousand dollars today) for 5 months of studio time.
This would not be possible today, not for a rock band at least.
Nobody would risk so much money for one album.
….and it’s a pity, because I believe we will probably miss out on a lot of potentially good records.
The other consequence will be that artists will not be given a second chance.
The Fugees first album (Blunted on reality) and The Beastie Boys second record (Paul’s Boutique) were both commercial failures when they came out. Nevertheless they still received another chance. They both received 100 thousand dollars and plenty of time to work on another project…. and the result was great albums!
It probably would have never happened today, we would simply not have had albums like The Score or Check your head.
So guys, what do you think, are my preoccupations real? And do they really matter?

**Scarlett O'Hara** · 03-31-2013, 04:12 PM

Dude you need to change that font it's hurting my eyes.

edwardc77 · 03-31-2013, 05:28 PM

Quote:

Originally Posted by Vanilla

Dude you need to change that font it's hurting my eyes.

Yes you are right regarding the font,I'm trying to change it!

**Janszoon** · 03-31-2013, 05:29 PM

Quote:

Originally Posted by edwardc77

Yes you are right regarding the font,I'm trying to change it!

Let me know if you need a hand.

edwardc77 · 03-31-2013, 05:35 PM

I think I managed to change it ,thanks!

**Scarlett O'Hara** · 03-31-2013, 10:18 PM

Quote:

Originally Posted by edwardc77

Yes you are right regarding the font,I'm trying to change it!

Thanks hun, it looks way better.

In terms of financial decline, I think the record companies are beginning to to use internet outlets like Youtube as a way to make up money that doesn't get made from record sales. Just a theory however.

Trollheart · 04-01-2013, 07:40 AM

Screen 13 can I just say I am incredibly impressed by your detailed and informed replies. Just what we need here, some people could learn from you. You certainly know your stuff.

Vanilla, great new avatar, but you do realise everyone is now going to be trying to photoshop their head onto the guy's shoulders and yours onto the girl's --- how do you reduce the image size to --- er, I mean, nothing, nothing...

**Scarlett O'Hara** · 04-01-2013, 11:21 AM

Quote:

Originally Posted by Trollheart

Vanilla, great new avatar, but you do realise everyone is now going to be trying to photoshop their head onto the guy's shoulders and yours onto the girl's --- how do you reduce the image size to --- er, I mean, nothing, nothing...

It was the picture that stood out to me the most and it represents the chemistry between the characters who I adore! I'm not sure about everyone wanting my face on there but it certainly sounds like a nice fantasy!

Zer0 · 03-31-2013, 04:27 PM

Some of my favourite albums were recorded on tiny budgets compared to some of the albums he's mentioned. I don't care if record sales and financial returns decline as long as quality music is still being made whether it's recorded in a big-budget studio or on a cheap laptop.

Trollheart · 03-31-2013, 05:04 PM

Big record companies have had it their own way for too long. Artistes like Marillion, Radiohead and Joseph Arthur have shown that a new financial model can work, that you don't have to pay massive sums to labels to get your records produced. And the idea that a big concept album will be more expensive to produce seems to me to be ill-founded. Why should it? Jeff Wayne in 1978 made certain sound effects on his classic "War of the worlds" album the old-school way; didn't cost a fortune.

If you want me to cry into my beer because the poor Record Executives will be buying smaller personal jets or holidaying closer to home because their bubble has finally been burst, and their chickens come home to roost, you'll have a long wait.

03-31-2013, 04:10 PM	#1 (permalink)
edwardc77 Music Addict Join Date: Mar 2013 Location: Italy Posts: 128	The financial decline of the music industry and two possible consequences First Consequence: The end of big budget productions. It will be very difficult to hear in the future complex albums that require months of studio sessions and lots of money to fund. Albums like Sgt pepper’s lonely hearts Club band, The Dark side of the moon, Loveless and The Fragile to name but a few. If I remember correctly the total cost in 1967 for Sgt. Pepper’s Lonely Hearts Club band was around 50 thousand pounds (the equivalent of 750 thousand dollars today) for 5 months of studio time. This would not be possible today, not for a rock band at least. Nobody would risk so much money for one album. ….and it’s a pity, because I believe we will probably miss out on a lot of potentially good records. The other consequence will be that artists will not be given a second chance. The Fugees first album (Blunted on reality) and The Beastie Boys second record (Paul’s Boutique) were both commercial failures when they came out. Nevertheless they still received another chance. They both received 100 thousand dollars and plenty of time to work on another project…. and the result was great albums! It probably would have never happened today, we would simply not have had albums like The Score or Check your head. So guys, what do you think, are my preoccupations real? And do they really matter? Last edited by edwardc77; 03-31-2013 at 05:31 PM.

03-31-2013, 04:12 PM	#2 (permalink)
Scarlett O'Hara Make it so Join Date: Oct 2005 Posts: 6,181	Dude you need to change that font it's hurting my eyes. __________________ "Elph is truly an enfant terrible of the forum, bless and curse him" - Marie, Queen of Thots

04-01-2013, 07:40 AM	#7 (permalink)
Trollheart Born to be mild Join Date: Oct 2008 Location: 404 Not Found Posts: 26,996	Screen 13 can I just say I am incredibly impressed by your detailed and informed replies. Just what we need here, some people could learn from you. You certainly know your stuff. Vanilla, great new avatar, but you do realise everyone is now going to be trying to photoshop their head onto the guy's shoulders and yours onto the girl's --- how do you reduce the image size to --- er, I mean, nothing, nothing... __________________ Trollheart: Signature-free since April 2018

03-31-2013, 04:27 PM	#9 (permalink)
Zer0 ∞ Join Date: Sep 2007 Location: Ireland Posts: 3,792	Some of my favourite albums were recorded on tiny budgets compared to some of the albums he's mentioned. I don't care if record sales and financial returns decline as long as quality music is still being made whether it's recorded in a big-budget studio or on a cheap laptop. __________________ Last FM \| RYM \| The Final Sound

03-31-2013, 05:04 PM	#10 (permalink)
Trollheart Born to be mild Join Date: Oct 2008 Location: 404 Not Found Posts: 26,996	Big record companies have had it their own way for too long. Artistes like Marillion, Radiohead and Joseph Arthur have shown that a new financial model can work, that you don't have to pay massive sums to labels to get your records produced. And the idea that a big concept album will be more expensive to produce seems to me to be ill-founded. Why should it? Jeff Wayne in 1978 made certain sound effects on his classic "War of the worlds" album the old-school way; didn't cost a fortune. If you want me to cry into my beer because the poor Record Executives will be buying smaller personal jets or holidaying closer to home because their bubble has finally been burst, and their chickens come home to roost, you'll have a long wait. __________________ Trollheart: Signature-free since April 2018

03-31-2013, 05:35 PM	#5 (permalink)
edwardc77 Music Addict Join Date: Mar 2013 Location: Italy Posts: 128	I think I managed to change it ,thanks!