Top > DaveNet archive > 1999 > Money on the Table > Money on the table
| 1. | Back to music.. |
| 2. | Lawrence Lee, the editor of the fantastic Tomalak's Realm news site, sent me a pointer, in response to yesterday's piece, that changed my thinking about this music stuff. http://www.phillynews.com/daily_news/99/Apr/30/features/FLOC30.htm |
| 3. | If you're investing in music, media and/or the Internet, read every word of this piece. If their point of view is true, here's the opening. The music business environment is ripe for exploitation by the Internet. |
| 4. | A quote. "Where once there were highly competitive radio stations desperate to be the first to play the coolest new releases, now there are a half-dozen massed broadcast groups that barely compete at all. Taking a conservative tack, many have narrowed their pop station playlists to just 15 or 20 songs to build a fat cumulative audience that only has time for a couple hits. To boot, these broadcasters are demanding 'promotional' funds from labels in payback for every song on their short playlist." |
| 5. | And the labels are cutting down the number of artists they promote. "If I were starting out in today's environment, I don't know if I'd make it," said Sheryl Crow, one of the few survivors of the recent A&M records consolidation into the Universal Music Group that reduced her label roster from 90-plus acts to eight. "Given today's fragile, singles-driven mentality, I might get so frustrated I'd quit the business.." |
| 6. | If Sheryl Crow almost didn't make the cut, what other big name acts are floating, looking for a way to distribute and sell their music? Flipped around, the record labels, even if they fully embrace the Internet, are leaving a lot of money on the table. |
|
|
 |