common lies told about the music industry
DESCRIPTION
Christopher Sabec is an entertainment lawyer specializing in the music industry. He has herd many people talk about the music industry, and a lot of it has no basis for truth. Here are some common lies told about the music industry.TRANSCRIPT
Lies Told About Today’s Music Industry
Digital Music News comes to us with the biggest lies told about today’s music industry.
With the rise of technology, the music industry has certainly changed, but there are many
rumors spreading about that are simply not true.
The first lie is that great music will organically find its fit in the music industry.
Great music is only part of being successful in the music industry.
Many great songs vanish into obscurity, as there is little financing or marketing behind
these songs.
Today, popular music is lead by the big record labels who are able to reach the most amount
of people.
Another lie spreading around the music industry is that major record labels will
eventually die.
Although there are more niche artists than before, major record labels are still controlling
the popular music and the money.
These major record labels are perfecting the art of building and maintaining their artists
careers.
Selling digital music is better for revenue than the physical product.
This is false.
Digital sales volumes are at an all-time low.
Artists who are able to sell CDs and vinyl are able to make more money than by selling
online.
Japan, for example, is currently has the biggest market for recorded music thanks to their
strong physical music sales.
There is a half-lie on this list as well.
Many people believe that all the money in music is in touring these days.
While this can be true for artists like Pretty Lights and other EDM artists, this is not the
case for most artists.
Most artists are struggling on the road and have to cut their
careers because it simply is not worth the money.
There is no middle class in music.
The music industry today is split into rich artists and starving
artists.
The article ends with the presumed lie that streaming is
the future of music.
This is tough to tell since most of the streaming websites are finding trouble in obtaining
profits.
YouTube has been giving away music for free, which could be the future of music.