Where is My Money?
According to one of the biggest Power Players in the Music Industry, Mr. LA Reid, the Music industry in 15 years is going to be a 72 Billion dollar Industry. In his new book “Sing to Me”, he states that musicians will make more money than ever before…
There seems a lack of desire to evolve the business model of the industry by the great corporations, their executives and their shareholders.
Like any species on the verge of extinction, like dinosaurs, they have a firm believe that they are going to survive no matter what, because they are BIG!
Well we all know how that story ended and we are already having a prelude on how this one is going to end.
Either they evolve or they become extinct…
There organizations are part of the old system, they have powerful big lobbies, that are against this reform and transparency and are actively blocking it and will continue to block the change, since they’re the ones who are highly profiting from this criminal broken system.
What seems to hold back the old ways? Why is transparency in the Music Industry has ALWAYS been an issue? Where is the majority of the money going?
It is a very profitable industry, but like many, I wonder why the biggest part of the money does not end up with the creator of the art?!
Transparency in the music industry environment allows a creator to see where his music is being used in and how it’s being monetized and how he’s being paid for, it does mean that if you’ve created a piece of work that you have some knowledge of what’s happening and how you’re being paid. There’s been a lot of artists and writers being dissatisfied with payments from streaming services.
The old model restricts information for financial gain so if you are a corporation you have a vested interest in making money for you more so than you have making money for your potential client, in this case the musician, the artist, the songwriter or composer.
The New Business Model should be that record companies and publishers, should align with their artist 100% so the interests of both are 100% aligned.
Does the future of the Music Industry shine bright like a diamond?
Recording Artists, musicians, songwriters, producers and composers understand that the future is in DIGITAL.
I think there is a great optimist by the NEW Power Players of the Music Industry and if I may share my own feelings about it… so am I!
Nothing stays the same forever, it’s the law of this universe. The gate keepers of the industry are losing power by the minute. Their walls are crumbling down so it is redundant to keep gate keepers of of a castle being sieged and bulldozer down.
Help Me! You Are My Only Hope…
I really think that we are at the brink of a new dawn! That the Music Industry is going to do better than it ever before. Every year the profits of the Music industry have started to increase.
We must learn how to deal and collaborate with the tech companies. The digital business itself is a much better business model. There’s no manufacturing and there are no returns, so the margins are much better.
There are different organizations that are involved in getting the Music industry to become a transparent model because with that transparency, any smart person can get to the brilliant conclusion that the value of the music industry and the amount of revenue generated by it will be exponential greater than ever! And with that everybody wins.
For this to take place we need the industry to grow by working with and tech companies in order to develop technology to monitor and to process the data in an open transparent way were the artist, the songwriter the musician and the companies themselves can all see what is happening with the music released.
Without the digital, without technology you cannot process billions and billions of songs use and their sales.
By having the music flow into the market, properly supervised in a transparent way, the way we monetize will most definitely increase in revenue, with music be produced cheaper and accessible in more ways, to billions of people, and cheaper than ever before.
The Rebel Alliance!
There has been an increasing number of Super Stars that have rebelled against the Empire… sorry, I meant against the system – The Big Corporations.
This list, keeps increasing and has names like Taylor Swift, Prince, Chaka-Khan, Ray Charles, Michael Jackson, John Bon Jovi, Radio Head, Jay Z, to mention a few!
This rebel force is getting stronger and stronger, with not only big international stars joining the ranks but with some Power Players in the trenchers as well, such as Top Lawyer Dina LaPolt, President, LaPolt Law, Richard Sanders, President, Kobalt Music Group UK, Manager Brian Message, Director, MMF UK, Jacqueline Charlesworth, General Counsel & Associate Register of Copyrights, US Copyright Office, Daryl Friedman, Chief Advocacy & Industry Relations Officer, NARAS USA. And many, many, many more…
All these people want and are working actively on getting the Music Industry better than ever before!
Get involved, do your part, join the FORCE and together we can rule the Universe…
Live Your Dreams!