People like to throw Trent around as an example a lot, and true, he has a great business sense. A million times better than Prince.
But...
Yeah, I do believe that "Ultimate" cost more than $50 thousand to create and ship. It's not like he did everything himself in the kitchen or basement of his mom's house. Believe me things add up very quickly on any project. $50 grand can be spent in a blink of an eye even if you are just repackaging something. You have no idea.
Another thing. I seriously think Prince netted in the same ball park as what Trent earned from his Newspaper schemes. His Target Lotusflow3r scheme. Our man Prince is not as business savvy as Trent, but I seriously doubt Trent is earning more from his schemes than Prince's. It's a tough time in the music business and everybody is throwing spaghetti at the wall.Trent earns his money one way, Prince another. But neither is making too much more than the other. [Edited 7/3/11 6:50am] | |
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Do you have numbers or links for this? Otherwise.... | |
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Well, no i do not have either of their balance sheets in front of me, but I do run a bussiness and know what things in general cost.
But here is a snip and link to an article From Wired about Prince's newspaper scheme to compare to Militant's numbers on Trents scheme.
http://www.wired.com/ente...gpost_0709
I have no idea what the gross for this scheme was, but I would imaigne it would compare favorably with Trents schemes.
[Edited 7/3/11 7:45am] | |
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Right now? Same as these guys,.. throwing spaghetti at the wall and seeing what sticks. | |
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Prince could do it, but he won't. | |
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- radio/publishing - selling CD's and merch at gigs - live performance fees and royalties - CD's in stores
...the list goes on...
there used to be a time when the internet didnt exist and people made their money just fine whether they gigged or not. plenty of avenues for making bank.
the trick back then was, you actually had to be GOOD at what you do.
its no different in the future. "It's time for you to go to the wire." | |
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The days of people making money off of bootleggers is a thing of the past. Now the fans just post them on, and when it comes to older bootlegs, people have cleaned a lot of them up and sound a thousand times better than the overpriced copy you would've bought in the store back in the 80s and 90s.
Def Leppard and Taylor Swift talked about this on Crossroads- very few people are making money in new recordings, and some of them have stopped recording because it costs them money and they can't even break even. Some people are doing the taking orders thing - see how many people are going to buy the album ahead of time and release that amount.
Reznor's always thrown himself in different projects, whether it be for a video game or a movie soundtrack. He put NIN on hold to raise a family, and he's talked about feeling old after getting offstage from a NIN show. And for the past decade he's put the bottle down and picked the weights up. I don't think Trent would say he's a great businessman,but just works hard at what he does. But he has tried to interact with his fanbase, but gave up when they were being dicks.
Prince and Axl Rose are equally litigious and eccentric, want complete control, and their new music doesn't sell as much as their back catalog does. They are both relying on touring to make a living.
For Prince to make money in the studio, he'd have to start coming up with hits, or start finding a protege that's going to record his songs and make hits out of them, and work on deluxe editions of his back catalog.
To me, it's a major task for someone who might be discovering Prince now from the live shows to try to find his music. It's not like they can go to a music store and his entire back catalog's there. He could sell the CDs at the shows, but then they have to haul that inventory show to show. A box of t-shirts is lighter than a box of CDs that same size.
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But these are the ones who need it the most. The up and coming acts aren't as popular, and therefore, not as pirated. This ironically leads to their being able to sell their material using more traditional digital methods, and support themselves as musicians.
I really don't think there has ever been a better time in history to be a working, professional musician. In the days of YouTube and self-publishing, talent and originality can go a long way. Take a look at a great act like Pomplamoose, who now get a 50% cut of all ad revenue from their YouTube channel. Plus sell downloads, and have also gotten some endorsement deals. "There is two kinds of music, the good, and the bad. I play the good kind."
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So which is it? Just want to be clear. Either they are giving it all away online for free, or they are going to sell it at gigs and in CD stores. Radio does not pay, and publishing only pays on units sold. Same with royalties. Has to be a product that generates income. Anyway,this is the old model that is currently failing. Some bands have made for more money touring and in merch than they ever did selling recordings, and in the case of Kiss and AC/DC, we are talking hundreds of millions more. But some acts just don't lend themselves to this model. I have never seen anyone rocking a Michael Bubble t-shirt [Edited 7/3/11 23:45pm] | |
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in the future, they use the internet to share their music for free, and at the same time, they make their money offline, doing gigs, selling CD's, publishing. merch etc etc etc...
sorry if that wasnt clear the first time.
in the future, people dont make music so they can be famous, they make it cuz they love it. they gig cuz they love it. they localise their talent. their overheads are much lower because they're not trying to reach millions of people just to feel worthwhile. "It's time for you to go to the wire." | |
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Out of all the recording artists that have ever landed a record deal in the entire history of the music industry, only a few dozen have ever been successful to the point that they could live off their earnings and residuals. So the story remains the same.
If someone is truly talented and has the work ethic, the smarts, the drive and determination they will make a decent living at it. That has always been the case and I do not see that ever changing.
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This idea comes only 13 years after Crystal Ball My Legacy
http://prince.org/msg/8/192731 | |
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Yup I don't want you to think like me. I just want you to think. | |
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I dunno. Prince's ideas of hit songs isn't all that great. He did release 'Planet Earth' as an album. He obviously has bootlegs that could've, would've -but chose not to do anything with them. I don't want you to think like me. I just want you to think. | |
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I wish I could be his producer and advise on singles to be released . . . . . . But he'd have to listen to either of us. I don't want you to think like me. I just want you to think. | |
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They should get a cut. They also get paid for airplay which an artist does not. I don't want you to think like me. I just want you to think. | |
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Objection. Conjecture. I don't want you to think like me. I just want you to think. | |
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Not the same. No one knows a new act. A new act doesn't have a track record. I don't want you to think like me. I just want you to think. | |
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I see this as an advantage in the new digital marketplace. A "new act" can very easily, if they have talent and originality, find and build a very loyal fanbase virally on YouTube. It happens all of the time. Never has been a better time in history than the present to be a "new act." "There is two kinds of music, the good, and the bad. I play the good kind."
Louis Armstrong | |
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Give me some names. I've never discovered an act on YouTube- yet. I don't want you to think like me. I just want you to think. | |
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But that has always been the case for new artists, internet or not. There is no proven formula at the moment in the internet age. All artists are in it for themselves and have to keep trying new things, innovate. That's exactly the same thing the established artists like Trent and Prince, and Radiohead are doing, but on a bigger scale that their fame affords them. | |
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Check out Pomplamoose, who have redefined the music video by creating "VideoSongs" where they videotape the recording of every note, so that anything you see it in the video, you can also hear in the recording. Not overdubbed, mind you; that exact note as it was tracked live in the studio! Brilliant.
They have a deal with YouTube where they receive 50% of the ad revenue from their YouTube channel. They are also are successful selling their music digitally, and even got a commercial deal creating several spots for Hundai this past Christmas.
Once you check out Pomplamoose, they will also turn you on to some other great independent acts making a name for themselves on YouTube.
I'm not a fan, but I also believe Justin Bieber got his start as a YouTube sensation. [Edited 7/4/11 11:58am] "There is two kinds of music, the good, and the bad. I play the good kind."
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His one last year was brilliant. He threw the newspaper a cd like he makes them every day (and that's from someone who likes 20ten). They give him a pile of cash, and they promote the shit out of his concert. For which he gets trucks of money too. Brilliant. | |
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I love the direction this thread has taken. | |
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Beautiful thread and I agree with most of the posts here! Prince has to step his game up and realize since things have changed within the music industry; instead of JUST acknowledging these changes, study and see how others are doing something about it and making money. He may not make multimillion's but he can earn money and respect from those who feel he is mistreating him. I honestly think that if he lays down the structure of what he wants, with time and humility he can reach this point. He needs a little break to think things over, and fortunately I believe he just might be doing that! It's Button Therapy, Baby! | |
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even if he released every song in his vault, in pristine quality, after a few days they would ALL be online for people to download for free. i think thats his problem when it comes to releasing anything now. some people would buy, a lot more would download it for free [Edited 7/5/11 8:22am] | |
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BINGO!!!! the reason Prince doesn't release his music normally is because he has no faith in it, he's cheapening his product getting paid upfront without selling 1 copy, regardless how many people buy it, (see PE, LF and 20Ten). To release it properly and make money it would involve him trying to sell his product ie tv performance/tour/singles/videos which we all know he doesn't like doing. People say cd's aren't selling anymore, try telling GaGa, Foo Fighters and Adele that. For prince to make money off a normally released cd it would have to be good, not just for us but other cd buying people. How many non GaGa fans have bought BTW, me for one and thousands of others, same goes for Foos and Adele. Lotus was a solid effort and could have sold well distributed worldwide, and i think 20Ten:Deluxe could've done the same.
She Believed in Fairytales and Princes, He Believed the voices coming from his stereo
If I Said You Had A Beautiful Body Would You Hold It Against Me? | |
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