Gotta love it… They do everything “wrong” and still do phenomenally well…
Interesting short interview with Paul Krugman. His analysis of the incomes of past music “stars” is telling. From his research, past and current stars are very similar in terms of their income and that the majority of that income comes from live performance. My takeaway from the interview: Music was and is a tough business.
So many “ifs” in this PwC music industry study. But still, the gist of the study seem reasonable: Live music is where it’s at, recorded music not so much.
HOW TO REVOLUTIONISE THE MUSIC BUSINESS: RIP IT UP AND START AGAIN (Music Business Worldwide)
One of the best music business interviews I’ve read. Some impressively creative, forward thinking approaches to the music industry.
Very interesting article on CNET today. Never knew about safe harbour and how it relates to YouTube. Has to be particularly tough for streaming companies that are paying out royalties when YouTube is basically getting their content for free.
Quote from CNET:
How does YouTube get away with not paying out royalties? “There’s an inequality in the marketplace where we have a piece of the legislative framework called safe harbour”, explained Mulligan. Safe harbour rules are designed to give legal protection to companies such as, for example, Internet service providers in case their users do something dodgy using the service they provide. YouTube claims it’s covered by this law because the service is only a conduit for people to post content. As a result, said Mulligan, “YouTube has got a far bigger catalogue than any other music service will ever have under the current framework, and it does so because it doesn’t have to license it on a work-by-work basis.”
Don’t know what to think about Rihanna’s SNL performance last night. Even if you’re going to lip sync or sing along with the tracks, what is the point of starting a line and then letting the track finish it? Is that to acknowledge that the audience knows you’re singing to tracks or lip syncing? Maybe this is the latest cool thing and I’m even more out of touch than I thought I was…