Monday, March 10, 2008

The Money Shot:: That New Business Sounds A Lot Like Radio, The End of The Line For NME and Are The Labels Stiffing Artists Over YouTube?

Today's headlines...


They think it's all over for the NME
(Times Online)
MS: “Rock is no longer counter-cultural, it's in the bloodstream of the new status quo,” Hoskyns argues. “Coverage of rock is ubiquitous, therefore it no longer requires its own media ghettos. Rock writers have dumbed down, or at least played down, their own quirks and idiosyncrasies to accommodate the above.”

Free Music, Big Money (Forbes)
MS: "What imeem's proposing--and there are other companies out there trying to do it too--is, rather than monetizing the consumer's wallet, which is a finite budget and not all that big, monetize their attention,'' explains imeem Chief Marketing Officer and Head of Business Development Steve Jang.

"If you monetize attention properly, it's a much bigger market because you're not monetizing consumer wallets anymore, you're monetizing brand advertisers," says Jang.

Ad-supported access to music? Sounds like radio. But it isn't. Terrestrial radio doesn't pay record labels for use of their recordings, nor does it share the ad revenue it generates. And radio listeners can't choose which songs they want to listen to.


Musicians still waiting on a YouTube payday (CNET)
MS: Some top music managers have told CNET News.com that their clients haven't seen any money from the licensing deals the four largest music labels have signed with YouTube over the past 18 months. According to a statement from Google-owned YouTube, the Web site is banking ad dollars generated by the artist's music and is sharing that money with the record labels. What the managers want to know is why little or nothing has trickled down to the artists.

"I don't know any artist who has gotten a royalty statement (from their label that includes YouTube money)," said music attorney Chris Castle.


Listen to Musical Justice

No comments: