SoulTrackin’ - And The Walls Came Tumbling Down…
Found This via one of my new “Twittizen” friends. “Thanks”, KOA!:
Ripples In The Music Industry, Part 1
Piracy is not the major music labels’ main problem, according to analyst Mike Goodman. “The problem is that they have an inefficient business model. We’re undergoing a business correction, and there is not anything they’ll be able to do about this market correction. Revenues for the music industry are going to decline.” Meanwhile, musical artists are using the Internet to strike out on their own.
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Comment by Vanessa
That was a great read amd very timely in that I heard a comment this morning on The Tom Joyner Morning Show about bootleg copies of American Gangster out before the movie premiere. It was suggested that movie studios consider straight to DVD sale of their films. It would put a cramp in bootleg sales but how the movie ttheatres would adjust is another story.
Can hardly wait to read Part Two.
Comment by tgrundy
VB: glad you liked the post. This is some of the “ROI” from using Twitter, I would have missed this otherwise (BTW, are you on Twitter? If not you should try it).
I find this whole transition we are now in with the distribution of music and movies utterly fascinating. The RIAA/MPAA ‘cartel’ continues to “rearrange deck chairs on the Titanic” and not adjust their outdated business models to reflect the way their customers want to consume their product. While I am not condoning nor am I in favor of bootlegging and selling pre-release music and movies, all parties involved need to wake up to the fact that technology marches on, times have changed and consumers want something vastly different than they (the music/movie industry) are providing.
Comment by Vanessa
Hmmm…I’m not on Twitter because I thought it was one more thing for me to keep up with and I am so trying to simplify my life. I may give it a look since you recommended it.
Thanks.
Comment by Jack Humphrey
What I don’t want people to do is piracy. Because when you download something illegally, the writers don’t get any money for it.Then the whole music industry would face a huge loss. So let us not encourage piracy.
Comment by tgrundy
Jack,
First of all “Thanks” for stopping by and even more so for leaving a comment. I always appreciate it when folks take a few minutes their precious time to spend it here at the site. However, I must both agree and disagree with you at the same time. While I am not promoting nor in favor of people engaging in illegal activities, you, me, writers, recording artists, the RIAA/MPAA… everybody must admit and wake up to the fact that “the game” has changed. There is no getting around this fact.
You say, “Then the whole music industry would face a huge loss.” No. The industry IS facing huge losses. Present tense. And they will continue to do so because… “the old business model does not work anymore!” Technology has created a situation where the gatekeeper/middleman is not needed anymore. Artists, writers, singers, musicians… anyone who makes a living off of producing and selling creative works is going to have to adapt to this new environment and go about generating income in different ways.
Change. Adapt. Or die.
File sharing (’piracy’ as some would like to call it; I try not to use that word because I don’t necessarily agree with the definition of the term as many people (mostly the RIAA/MPAA) use it) is not going away. That is a fact. Period. If you look at the history of all the time, effort and money that has been expended trying to stamp it out you will find that the exact opposite has happened. It has continued to thrive and in many cases increased. On top of that, file sharing is NOT the sole cause of the problems in the music/movie industry. However, that is another (lengthy) part of the conversation that we can visit at another time.
So… if we agree (or rather admit) that file sharing is not going to go away, the question for the artists becomes:
“How can it (file sharing) be used to help me promote myself and/or generate income off of these things I have created?”
This is the point that is slowly (glacially slow in most cases) becoming apparent to all of the parties involved in this transition. Let me offer a couple of the most recent writings I have found that will hopefully bolster my position (or at worst provide fodder for further discussion {smile}):
Ripples In The Music Industry, Part 2: The Sound Of the Future
Independent Film Makers Thrilled That People ‘Pirated’ Their Movie