statequest said:

I found this article on miccontrol.com. It's all about the new changes in the music industry.

It even sounds like a good one and the author has got Lady Gaga next to Prince spear

heading the trend. Two polar opposite performers seem to be on the right track.

So I had to share: http://miccontrol.com/#/m...ess-model/

Here's some of what they said;

"By now I'm sure that everyone's heard about Lady Gaga selling 1.1 million

copies of her "Born This Way" album when it was released a couple of weeks ago.

On the surface this seems like a huge number for an artist these days, but

there's more here than meets the eye.

First of all, the digital sales were about 660,000, but 440,000 of them came from

Amazon's two day $.99 promotion. As a result, the album set a one-week

SoundScan record for most digital sales, and became the eighth best-selling

U.S. digital album of all time. But the significant thing here is the price, 99 cents,

which we'll get to in a minute.

Next in the news was the fact that Prince recently ended a 19 day run playing

the Forum in Los Angeles. What's significant here is that the majority of the

tickets in the 18,000 seat venue were priced at only $25.

Why is that important? Because it shows a new trend in the entertainment

business were price is a motivating factor in purchases.

Way back before music became the commodity that it is today, everyone felt

they got a fair value when purchasing either an album or a concert ticket.

The price was cheap enough that if you bought something that you didn't like,

you didn't feel ripped off or filled with buyer's remorse. It was easy enough

to buy the next album or a ticket for the next concert without feeling it in

your pocketbook too much.

http://miccontrol.com/#/m...ess-model/

Prince has still got it!

Then explain me the high european ticket prices for prince shows. I paid 100 euros for my cologne ticket.

ludwig said:

statequest said:

I found this article on miccontrol.com. It's all about the new changes in the music industry.

It even sounds like a good one and the author has got Lady Gaga next to Prince spear

heading the trend. Two polar opposite performers seem to be on the right track.

So I had to share: http://miccontrol.com/#/m...ess-model/

Here's some of what they said;

"By now I'm sure that everyone's heard about Lady Gaga selling 1.1 million

copies of her "Born This Way" album when it was released a couple of weeks ago.

On the surface this seems like a huge number for an artist these days, but

there's more here than meets the eye.

First of all, the digital sales were about 660,000, but 440,000 of them came from

Amazon's two day $.99 promotion. As a result, the album set a one-week

SoundScan record for most digital sales, and became the eighth best-selling

U.S. digital album of all time. But the significant thing here is the price, 99 cents,

which we'll get to in a minute.

Next in the news was the fact that Prince recently ended a 19 day run playing

the Forum in Los Angeles. What's significant here is that the majority of the

tickets in the 18,000 seat venue were priced at only $25.

Why is that important? Because it shows a new trend in the entertainment

business were price is a motivating factor in purchases.

Way back before music became the commodity that it is today, everyone felt

they got a fair value when purchasing either an album or a concert ticket.

The price was cheap enough that if you bought something that you didn't like,

you didn't feel ripped off or filled with buyer's remorse. It was easy enough

to buy the next album or a ticket for the next concert without feeling it in

your pocketbook too much.

http://miccontrol.com/#/m...ess-model/

Prince has still got it!

Then explain me the high european ticket prices for prince shows. I paid 100 euros for my cologne ticket.

The article is speaking of Prince's LA Run...nowhere else.

ladyleap2u said:

ludwig said:

Then explain me the high european ticket prices for prince shows. I paid 100 euros for my cologne ticket.

The article is speaking of Prince's LA Run...nowhere else.

The article is speaking of changes in the music industry and gives two examples.

ludwig said:

Then explain me the high european ticket prices for prince shows. I paid 100 euros for my cologne ticket.

Because the overheads are much higher, obviously. And some of the European shows are festivals, which is why it's costing me £80 for Hop Farm Festival.

ludwig said:

ladyleap2u said:

The article is speaking of Prince's LA Run...nowhere else.

The article is speaking of changes in the music industry and gives two examples.

Hence the LA Run..and yes they are examples; however, not set in stone; such as cd giveaways in newspapers...

ladyleap2u said:

ludwig said:

The article is speaking of changes in the music industry and gives two examples.

Hence the LA Run..and yes they are examples; however, not set in stone; such as cd giveaways in newspapers...

It's just the usual journalist-writes crap-to-pay-his-rent bullshit.

ludwig said:

statequest said:

I found this article on miccontrol.com. It's all about the new changes in the music industry.

It even sounds like a good one and the author has got Lady Gaga next to Prince spear

heading the trend. Two polar opposite performers seem to be on the right track.

So I had to share: http://miccontrol.com/#/m...ess-model/

Here's some of what they said;

"By now I'm sure that everyone's heard about Lady Gaga selling 1.1 million

copies of her "Born This Way" album when it was released a couple of weeks ago.

On the surface this seems like a huge number for an artist these days, but

there's more here than meets the eye.

First of all, the digital sales were about 660,000, but 440,000 of them came from

Amazon's two day $.99 promotion. As a result, the album set a one-week

SoundScan record for most digital sales, and became the eighth best-selling

U.S. digital album of all time. But the significant thing here is the price, 99 cents,

which we'll get to in a minute.

Next in the news was the fact that Prince recently ended a 19 day run playing

the Forum in Los Angeles. What's significant here is that the majority of the

tickets in the 18,000 seat venue were priced at only $25.

Why is that important? Because it shows a new trend in the entertainment

business were price is a motivating factor in purchases.

Way back before music became the commodity that it is today, everyone felt

they got a fair value when purchasing either an album or a concert ticket.

The price was cheap enough that if you bought something that you didn't like,

you didn't feel ripped off or filled with buyer's remorse. It was easy enough

to buy the next album or a ticket for the next concert without feeling it in

your pocketbook too much.

http://miccontrol.com/#/m...ess-model/

Prince has still got it!

Then explain me the high european ticket prices for prince shows. I paid 100 euros for my cologne ticket.

same here!

[Edited 6/17/11 9:05am]

ludwig said:

ladyleap2u said:

Hence the LA Run..and yes they are examples; however, not set in stone; such as cd giveaways in newspapers...

It's just the usual journalist-writes crap-to-pay-his-rent bullshit.

Hey Ludwig. Yeah. I kind'a get you. I don't know if Prince and Gaga realised that they were part of a new business model. I think it's more like the author has a business model he wants to promote, and Prince and Gaga were promoting their music in such a way to prove his theory.

Though I can't complain about crazy prices these days. Prince was in London for 21 nights, and tickets were £25 for the aftershow and £31.21 for the arena. He seems to do that when he's playing a string of dates in one place, have lower prices that is. It maybe to with overheads of moving all the equipment yadda yadda.

I don't know if it's supposed to be seen as "new business models for music" rather than "something cheap so we can have everybody see/hear what we're doing". The Gaga Amazon sale was good for a couple of days.

Timmy84 said:

I don't know if it's supposed to be seen as "new business models for music" rather than "something cheap so we can have everybody see/hear what we're doing". The Gaga Amazon sale was good for a couple of days.

Yeah. That makes sense. Although I still didn't buy the Gaga album though.

I believe no matter how cheap something is, it won't change a mind made up.

It may sway those on the fence though.

I liked the two Gaga albums before. The whole Judas thing and the alien birth....

The key thing to remember is that people want convenience. And even if you know something can be gotten for free, if it's cheap and it's more convenient to pay the low price, then people WILL do that.

For example, the other day there was an e-book I wanted. It was available for free on the website of the author, as a PDF, or for 99 cents on the Kindle. Well, I use the Kindle app on my NookColor to read e-books so i wanted the Kindle version. I could have downloaded the free version, but I'd have to use another app to read it, perhaps even convert it from PDF into a more suitable format.

So I just paid for it.

Same applies for Gaga - it's simply more convenient to go "OK, 99 cents on Amazon, sorted" rather than spend time searching for a torrent link or a blog that hosts the links and the links aren't getting pulled down left and right.

Same with Apps. I could get any app for my Android phone for free if I wanted, there's tons of blogs and illegal links being shared, but when something is cheap, it's just easier to get it from the Android Market.

It could be a good thing anyway. I don't mind buying anything cheap if it's something I want.

Perhaps they get the economy crunch issues better than the gov't spenders.

Yea the machine is broken so now musicians have to find a new way. DUH!