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Originally Posted by Kevin-SFBucks
It's great for Madonna.... or any other HUGE act that has itself planted firmly in the culture.
What good does it do for the unknowns? So instead of being pushed and supported by a central organization the answer is to completely do it on their own? So instead of working backwoods gigs for 10 years and waiting for their break they just keep plugging away???
Big acts can make the statement like this because their risk is small. Saying Fuck you to the companies that brought you there doesn't hurt when you have big ratings..... unless of course you do something wrong after that fact and the public then ignores you. You would have nothing to fall back on.
I still would not say this is a complete business model, only something that already successful acts can accomplish with little risk involved.
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That's not really a response to what I said, and does not show that you really know what I am talking about or what Clear Channel is as a company.
The fact of the matter is that artists are moving away from the labels. Perhaps you are right it does not help small acts that are starting up right now. But this is just the beginning of a new way to do business and make money in the music industry. Most bands are not going to sign to Live Nation for the simple fact that they do not appreciate the fact that they are a huge conglomerate on the same level as GE. Regardless, in this new climate, album sales are going to become increasingly less relevant and the live show is going to be more and more important. Finally we can justify paying $30-$40 to see a mid-level band.
Say what you want today. The fact is that this is all idle speculation until one of is proved right or wrong in the months and years ahead. I personally predict the huge record companies are going to start selling assets and become smaller just like we are seeing with Ford in the auto industry.
Like I said in the beginning of this argument. It doesn't matter what the four big companies want or the RIAA because the market has spoken loud and clear since Napster that prices are too high, etc. Money will always be made in music, just not through traditional album sales anymore. Save for the bands that actually put out decent "albums" that people are willing to buy. I can name countless bands that fall in this category.
The days of record companies making huge sums of money from teenagers buying Britney Spears and the like is long gone. So now let's figure out a new way to make the industry profitable...it that ok with you? Or do you want to keep suing your customers?