Notes on the Music Business
Jim Babka on Mar 15th 2008
I am always interested in how other people do their jobs. Sometimes you can steal a good idea from another industry and use it to promote your own career or venture.
Chris Sligh was one of the American Idol, Top 10 contestants from last season. At his blog he weighed out-loud the pros and cons of signing with a major record label, or holding out and going “indie.” (I think he ultimately chose to go independent in Christian Contemporary Music).
At the beginning of Sligh’s post is a link to a short MTV News video on the Future of the Music Business, with more on the subject.
The Internet services many new, deeper niches. Yet how many industries are getting flattened by the Net? In the MTV news vid, one record promoter explains that they can now make a profit with 1% of the sales major labels need to break-even.
It seems to me that,for the new age we’re in, opportunity abounds (in a variety of industries) for many more people to get in on the lower rungs and do what it is that they enjoy doing as a part-time or full-time career (if it weren’t for the Internet, I wouldn’t have my current jobs). But making it “big” may be harder than ever.
Filed in The Bistro, The Boardroom