Reports of the death of the music industry have been exaggerated in the past, but that the industry is changing cannot be denied. Sales reports from 2007 show overall music sales up by 14%, but CD sales down by 9.5% – meaning people are buying more music, but they are buying it online. As labels scramble to find their feet in this new market, a few industry insiders recently shared their thoughts with the Associated Press on how the industry can heal itself.
The general consensus seems to be that the industry needs to embrace digital downloads as the way forward. My two cents? Delivering music to the people who want to buy it in the format in which they want to buy it is important. But there is another part to the story. According to the same AP article, sales across all major genres were down in 2007. Rap sales fell a staggering 30%, rock sales fell 12.5% and country sales were down around 16%. That suggests that something is fundamentally wrong with the music itself. Labels invest very little time in developing artists these days (a point touched on by John Platt in the article). Instead, labels go for the big bang, mega selling single, and then rush out an album of fillers around that song. If it sticks, great, and if it doesn’t, that artist is done. Take a look at classic rock radio. Love it or hate it, the reason people are still listening to those songs is that those artists were nurtured by labels who took a long term view towards their careers. Before labels work out the business of selling their music more effectively online, they need to get back into the business of releasing good music. Quit selling lifestyles and images and start selling good music again. The often repeated notions that music sales are falling because people are trading music online illegally or that people have so many entertainment options these days that they don’t care to spend their money on music are nonsense. People want to buy music – you just have to give them something worth buying.
Written by Heather McDonald
For more education on careers in the music industry, check out: www.Music-Career-Guide.com
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