Thursday, July 26, 2012

BandPage Posts Everywhere

The one thing that most artists find most precious is their time. There's usually never enough of it to do the one thing they love to do best, which is create.

Regardless of where you're at on the music business success ladder, social media is an extremely important part of reaching your fans, but to do it well, it unfortunately takes a lot of time. One of the main strategies of Music 3.0 is the ability to make your social media time more efficient so you can free up that creative time that everyone wants and needs.

BandPage has been a pretty good one-stop platform for posting your music, photos, videos and tour dates to multiple sites, but now they've introduced BandPage Everywhere that allows you to also post to your social media sites, blog and website from their dashboard.

Here's a promo video that describes the feature. It's worth checking out.




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You should follow me on Twitter for daily news and updates on production and the music business.

Check out my Big Picture blog for discussion on common music, engineering and production tips and tricks.

Wednesday, July 25, 2012

McCartney Takes His Talents To Kobalt

Kobalt Music Publishing from Bobby Owsinski's Music 3.0 blog
Talk about timing; EMI Music Publishing is just being taken over by Sony/ATV and one of their biggest clients bolts. It seems that Sir Paul McCartney didn't like the looks of what was going down with EMI/Sony and decided to take his talents elsewhere.

But he didn't go to another so-called "major" publisher. No, Paul took his MPL Communications to the upstart Kobalt Music Group, who is quickly becoming one of the major players in the publishing world. Why? Because Kobalt has built it's business on technology, which they claim gets the songwriter paid as much as 25% more and up to two years faster than the more traditional publishing companies. In fact, Kobalt has enticed the likes of Pear Jam, Trent Reznor and Dr. Luke into it's fold, and its share of Top 100 hits has already grown to 15%, which is just under what long time market leader EMI has.

While MPL's move might be symbolically ominous, it doesn't hit the bottom line of EMI as much as you might think, with estimates at less than 10%. The deal with Kobalt does not include North America, Britain and Ireland, which MPL administers itself. But MPL is a heavier hitter than just the McCartney catalog as it includes songs by Roy Orbison, Carl Perkins and Broadway shows like The Music Man.

This just goes to show that even old traditional businesses can be improved with technology, and when that happens, it doesn't take long for artists to take notice and jump on board.

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You should follow me on Twitter for daily news and updates on production and the music business.

Check out my Big Picture blog for discussion on common music, engineering and production tips and tricks.

Tuesday, July 24, 2012

10 Rules For Giving Away Music For Free

Free Music image from Bobby Owsinski's Music 3.0 blog
I just love this list from Matt Parsons, founder and CEO of Ditto Music. It's the 10 rules for giving away your music for free.

The gist of it is that your music costs time and money to produce, so you must be compensated for it, but that compensation doesn't have to be in money. In fact, until you're somewhat of a star, fans won't pay money for it anyway, so you must be paid some other way. How? With social currency (see #3 below).

Check out the list:

1. Keep it simple. Choose just one platform to give away your music and direct fans there. [I'm not sure if I agree with this one.]

2. Do not forsake your current fans. Free music is not just for new fans. Reward your mailing list with free songs. Do NOT post MP3s within the email, since this can eat into people's bandwidth and annoy them. Always make sure that you add a link to the download.

3. Music is not free; fans should pay in "social currency." Ask for a Facebook Like, a Tweet, or preferably an email address in exchange for your music. If you're sending to your mailing list, ask them to retweet the link to their friends. Use a platform like bit.ly so you can track the click throughs.

4. Social currency is reciprocal. Tag fans on Facebook/Twitter when they buy the album or talk about you.

5. Follow up on social. Send out regular emails to your list, post at least once per day on Facebook and Twitter.

6. Don't charge too much in social currency for your music. If you ask for too much information, they'll give up and go somewhere else. Just stick to basic data like name, age, location and how they heard of you.

7. Let people listen before they download. No one will spend the time on music they've not heard before.

8. Have a strategy. Once you decide that you want to exchange your music for social currency instead of money, have a long-term strategy for how you will make money in the future.

9. Manage your copyrights. If you plan to make money from merch purchases, be sure to copyright any logos or graphics that you use so no one else can reproduce them and cut you out of the loop.

10. Don't stop promoting. Just because your music is free doesn't mean that you have to promote it any less. Also, don't stop promoting just because you're songs or album has been available for a while.

Don't forget that when you ask someone to retweet or follow you, make it easy for them by providing  embedded buttons. See this page for ways to do that easily.

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You should follow me on Twitter for daily news and updates on production and the music business.

Check out my Big Picture blog for discussion on common music, engineering and production tips and tricks.

Monday, July 23, 2012

Van Halen Discuss Their First Record Deal

Okay, so you still want to be a rock n' roll star despite everything you know about the business? Sometimes all it takes is just one more horror story before the reality of the business sinks in.

Here's a great video with Eddie and Alex Van Halen and David Lee Roth of Van Halen as they discuss their first record deal. In it they reveal how they had a platinum album (1 million sales) and toured for a year and still owed the record label $2 million, all the while collecting weekly checks of only $83.83 a week.

Think it's changed much since then? Guess again.


Jump to 1:20 to get to the best part.




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You should follow me on Twitter for daily news and updates on production and the music business.

Check out my Big Picture blog for discussion on common music, engineering and production tips and tricks.

Sunday, July 22, 2012

Facebook User Satisfaction Falling

Facebook image at Bobby Owsinski's Music 3.0 blog
I guess we should've expected this sooner or later, but according to a newly released study of the American Customer Satisfaction Index, Facebook dropped 8 points from their survey of last year. The score of 61 out of 100 is the 4rth lowest score among all 230 companies scored in the index, and it's the lowest of any Internet company.

But let's put this into perspective, Twitter and Linkedin only scored a little higher at 64 and 63 respectively, which are both in the bottom 10 of all companies polled. Pinterest received a score of 69, YouTube a 73, and most surprising of all, Google+ topped them all with a 78, which tied Wikipedia.

So why is Facebook's user satisfaction dropping like a rock? Here are the 9 features that users most dislike, according to the Huffington Post:

1. Timeline
2. Constant Game Updates 
3. Game Invitations
4. Ticker
5. Check-ins
6. Newsfeed
7. Pokes
8. Facebook Chat
9. Registrations

Facebook's stock may have gained a little momentum, but it doesn't seem to matter to its users. Could it be a matter of time before it turns into MySpace or Friendster?

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You should follow me on Twitter for daily news and updates on production and the music business.

Check out my Big Picture blog for discussion on common music, engineering and production tips and tricks.

Thursday, July 19, 2012

Breaking Up EMI

EMI logo image from Bobby Owsinski's Music 3.0 blog
As the sale of EMI to Universal Music gets further down the line, more and more interesting details come out, many of which look to have an affect not only on Universal, but the music business in general.

First of all comes word comes that Universal may have to sell off at least Virgin Records and EMI Classics in order to appease European regulators so they will allow the purchase to stand. There are several things in play here:
1. Virgin Founder Richard Branson has indicated that he'll be amongst the bidders to buy back Virgin Records. This could be interesting in that Branson has always been on the cutting edge of technology, and what he might do with a present day record label would hopefully be good for the entire industry for the entire industry.
2. Universal's stock price is at a 9 year low. They desperately need this purchase to happen in hopes of giving the stock a boost.
Now the thing about the purchase that's interesting is that Universal assumed all regulatory risk in the purchase, so they're going to need the deal to be approved or the sale is essential worth zero to them. Also, if the regulators ask them to sell off more of EMI in order to get approval, then they'd probably have to sell at a low price to get the approval sorted ASAP, which wouldn't help their stock much, since any such sale would probably be at a lower than market price.

Then on top of that, Universal has to pay 80% of the purchase price to Citi by September, regardless of whether it's approved or not, which means that they'd pay for it, but not really own it. It would be like buying a car yet not being able to drive it.

The only thing this sale really has going for it in Universal's favor is that it increases their market share in virtually every territory, with their global share increasing to about 40%. It's higher still in some territories.

Obviously this sale isn't great for the music business as there's so much power consolidated in one company's hands. The only thing that gives some hope is what Richard Branson might bring to the business again.

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You should follow me on Twitter for daily news and updates on production and the music business.

Check out my Big Picture blog for discussion on common music, engineering and production tips and tricks.

Wednesday, July 18, 2012

3 Common Mistakes Made By Independant Musicians

Typical merch image from Bobby Owsinski's Music 3.0 blog
CD Baby's DIY Musician blog always has a lot of good tidbits for those still struggling in the musical trenches, which I know is most of you. You can read this entire article regarding the "3 Most Common Mistakes Made By Independant Musicians," but I'll summarize the major points made in the article about the 3 mistakes here with my spin.
1. You don't monetize your live shows. If you're just starting out, you need the stage time to get tight so this point won't matter, but if you've been playing for a while and have built at least a small fanbase, it's time take advantage. Make sure that you have something to sell, either T-shirts, hats, CDs, flash drives with your music, but make it affordable. The money is cool, but the free advertising by the fans is better.
 2. Don't focus on getting signed. First of all, why would you want to in this day and age? Second of all, even if you do, your best bet is to develop as big an audience as you can. Remember the following because it's really true: Labels don't sign you for your music, they sign you for your audience. They really don't care how good you are, but if you have a line around the block, they'll come knocking at your door and you won't need to contact them. 
3. Treat your music like a business. Why do you think they call it the "music business"? You have to have fun with your music or it's not worth doing, but you have to consider the business of what you're doing as well. There are loads of places to get advice on this, but since you're reading this, check out the archives of this blog for lots of business tips. It's also a good idea to watch this Henry Rollins video over on my Big Picture Production Blog for some inspiration.
There's my take on the DIY article, but you should check out the original post as well as it looks at the 3 points from a different angle.

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You should follow me on Twitter for daily news and updates on production and the music business.

Check out my Big Picture blog for discussion on common music, engineering and production tips and tricks.

Tuesday, July 17, 2012

Chili Peppers Follow The Music 3.0 Strategy

Red Hot Chili Peppers Logo from Bobby Owsinski's Music 3.0 blog
Anyone who's either read my Music 3.0 Internet Music Guidebook or has been reading my blog for a while know that I've advocated a new release schedule where there are more single releases on a timely basis instead of waiting until 10 songs are finished then releasing an album.

There are 3 reasons for using this strategy:

1. We now live in a singles world. The majority of people, especially those under 35, now consume their music a song at a time. That's how they like it, so there's no use fighting it.

2. Releasing 10 singles actually gives you 11 events to promote, not just one. You can promote each single as a separate event, then put them all together for an album release, which is the 11th. Which do you think gets the artist more exposure?

3. And maybe even more importantly, releasing just a single focuses the fan's attention on just one song at a time, instead of picking out only 1 or 2 from an album and listening to just those (which is what usually happens).

Now The Red Hot Chili Peppers are taking a page from the Music 3.0 notebook and releasing a song a month for the next 9 months beginning on August 14. This is on the back of their new album I'm With You, which has already been released.  It seems that the band recorded 50 songs for I'm With You, and didn't want to wait for the normal album cycle in order to put the songs out that were left off the record.

Each single offers a number of value-added items to each release. Each song will be released on both vinyl and digital, and each single will contain a different piece of artwork that will only be complete with the purchase of all 9 singles.

It's pretty obvious that release times between records are shortening, but The Chili Peppers move signals the new Music 3.0 release reality is finally here.

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You should follow me on Twitter for daily news and updates on production and the music business.

Check out my Big Picture blog for discussion on common music, engineering and production tips and tricks.

Monday, July 16, 2012

Louis CK And The Off-Air Radio Game

Local Radio image from Bobby Owsinski's Music 3.0 blog
As I posted a few times before comedian Louis CK does things his own way that many consider cutting edge in terms of marketing and distribution. Recently he embarked on a tour that bypasses ticketing giant Ticketmaster and charged fans a flat rate of $45 for any ticket. Here's a great interview with him posted on AVclub where he discusses the little-known game that radio plays with touring artists in a quid pro quo for promotion.
"I like to try to see if something can work. It’s really satisfying to figure out, “What if we try it this way? What if we made it way more pleasurable and cheaper to come see me? Or to watch my show online? And if we do this right, how much benefit were we getting from the giant companies?” The first time I ever toured in theaters—the first time I toured, really. You do comedy clubs, it’s just working clubs, but the first time I went on a tour in theaters—they were like 500-to-700-seat theaters, my agent asked me some blanket questions, like, “Here’s what’s going to come up,” and he said, “What is your radio tolerance?” That’s what he asked me. He said, “What presence are you willing to let radio people have at your shows?” and I said, “Give me an example.” And he goes, “Well, here’s all the things they will ask for in every city: Thing one is that the radio personality gets to come onstage and introduce the show. And the second thing they’re going to want is a van outside, broadcasting from the show. Then they’re going to want a banner onstage, with the name of the radio on it. Then they’re going to want a table out in the lobby with bumper stickers.”
He just made a list of, “Here’s the things that they will want.” Another one was meet-and-greets. They get to give away tickets, and the DJ introduces you to the contest winners who won the meet-and-greets. Ten minutes with you alone in a room where you take pictures and stuff. So they said, “What of these things are you willing to do?” And I said, “Let’s say no to all of this.” [Laughs.] One hundred percent of it. As a professional courtesy, if a radio DJ wants free tickets, he can come to the show. He can’t come backstage. He certainly can’t come onstage. They may not have their logo on any of the shit on the stage, anywhere near it. I want people to come to the theater and feel like they’re just coming to see this; they’re not being promoted to. I don’t think there’s anything more obnoxious than when someone has paid to be somewhere, to be promoting to them. That they’re paying to be advertised to is really annoying to me.  
I said to him, “Let’s do none of it.” And he said, “Well, here’s the thing: If you let them do these things, then they talk about your show all the time. They talk about your show on the air, and you get more free promotion from radio stations. If they get to say, ‘I’m going to be there,’ they’ll get more into it.” And I said, “Well, first of all, I don’t want people at my shows that are there to see the DJ. I just don’t want them to come.” And I said to my agent, “Let’s find out if this is a huge mistake. Let’s find out. I’m willing to sacrifice my first theater tour and have the places empty and identify that it’s because I wouldn’t let the radio people participate. But we also might find out that it didn’t make a difference and that I never have to do it.” [Laughs.] Because you can’t roll that shit back once you’ve started. Anyway, the obvious story is that it didn’t make a fucking difference. It didn’t matter."
Of course, most artists just trying to make it would gladly do anything radio asked, but does radio really have that much influence these days? The point is, just because something has also been done a certain way, that doesn't mean that it's the right thing in our new Music 3.0 world.

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You should follow me on Twitter for daily news and updates on production and the music business.

Check out my Big Picture blog for discussion on common music, engineering and production tips and tricks.

Sunday, July 15, 2012

Women Singers Dominate Highest Paid Under 30

Taylor Swift Speak Now cover image from Bobby Owsinski's Music 3.0 blog
Forbes has recently posted their highest paid entertainers under 30 list, and it's probably no surprise that so many women make up the list. The interesting thing is that so many of them are singers. Here's how much person on the list made in the last year.

1. Taylor Swift - $57 million. Her concerts now bring in about a million a night.

2.  Justin Bieber - $55 million. He's also a venture capitalist, with investments in Spotify, Stamped and Tinychat.

3. Rihanna - $53 million. She gets big money from endorsements and sponsorships.

4. Lady Gaga - $52 million. But down from $90 mil last year.

5. Katy Perry - $45 million. Still hot even though her film bombed.

6. Adele - $35 million. 21 is still on the charts and going strong.

7. Kristen Stewart - $34.5 million. Film stars still do make money.

8. Lil Wayne - $27 million. The bulk of his income comes from live shows, earning about $600k per.

9. Taylor Lautner - $26.5 million. Twilight was bigger than we thought.

10. Robert Pattinson - $26.5 million. Again, Twilight was far bigger than we thought.

It should be no surprise that the audience for most of those on the list was teen and pre-teenage girls. What is a surprise is how much spendable cash they have.

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You should follow me on Twitter for daily news and updates on production and the music business.

Check out my Big Picture blog for discussion on common music, engineering and production tips and tricks.




Thursday, July 12, 2012

Old Records Outselling New For The First Time

Record Store image from Bobby Owsinski's Music 3.0 blog
Here's a twist in music sales that I think everyone saw coming, but didn't want to admit could ever happen. For the first time since Nielsen Soundscan has been keeping track of sales since 1991, older catalog records are outselling current albums. A catalog album is one that was released more than 18 months ago.

Catalog sales were at 76.6 million for the first half of the year, compared to 73.9 million current albums. The top selling catalog items include Guns 'n Roses Greatest Hits, and four by Whitney Houston (no doubt boosted by her untimely death).

There seems to be a couple of reasons for the turnaround:

1) There hasn't been a blockbuster hit by a superstar act during the period (although Adele's 21 still continues to be strong seller, though it was released last year).

2) Record labels and retailers have dropped the prices on catalog items to $4.99 to $7.99. Compared with a current CD price of $13 to $18 and a digital album from $7.99 to $10.99, catalog items are a bargain.

3) The buyers of albums are predominantly older and purchase more albums, especially catalog items.

All this signals an uptick in business for brick and mortar retailers, which is good for the industry. Let's see if this trend continues until the end of the year.

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You should follow me on Twitter for daily news and updates on production and the music business.

Check out my Big Picture blog for discussion on common music, engineering and production tips and tricks.

Wednesday, July 11, 2012

8 Tips On Formatting Your Sponsorship Proposal

Sponsorship Opportunities image from Bobby Owsinski's Music 3.0 blog
Simon Tam, the owner of Last Stop Booking and author of How To Get Sponsorships and Endorsements recently posted some tips on how to get sponsorships on Music Think Tank. Below you'll find his 8 tips on how to format your proposal.

1. Cover: Make it distinctive. You might consider adding something like “2012 Sponsorship Proposal Prepared Especially For [the company]” with their logo on it. Give them plenty of opportunities to visualize working with you.

2. The Call Out (optional): The second page can be for a large dramatic image/photo or some of the major “bragging rights” stats. Artists can typically use this page as the “one sheet” – a one page descriptor of who you are, major stats or accomplishments, or press excerpts/testimonials from other sponsors.

3. The Partnership: This is where you want to focus on the main benefits for working with your organization. What are the main ways you and the sponsor are a good fit?

4. The Fact Sheet: The nitty-gritty details of your event, tour, or organization that they are sponsoring. Cover all of the major who/what/when/where/why questions, such as as “What is the event?,” “Where does the event take place?,” “Who is involved?,” “Why should I be sponsoring this event,” etc.

5. Key Marketing Information: This is where your research into your industry pays off. You’ll want to talk about your niche market, the demographics of your audience (and who you are targeting), how you will be messaging your brand/event along with their company, and talk about successes with past sponsorship campaigns.

6. Co-Branded Marketing Opportunities: You’ll want to send 3-6 custom, creative pitches to the company that allows for them to visualize working with you. This should play directly off of your niche market/their target audience. The more custom the idea, the higher the asking price that you can fetch. It also helps you stand out from other sponsorship opportunities that only offer logo placement. Marketing folks love creative ways to showcase their brand, especially to an interested audience who they might never be able to reach in any other way. If there is also a “viral” component to one of the ideas, that’s even better.

7. The Benefit List: List all of the benefits that the company gets from sponsoring you. Put your emphasis on the more custom, creative options and less on the generic commodities that typical sponsorship packages offer (such as logo placement). This is your formal offer so make it as clear as possible on what they can be expecting in return from their sponsorship dollars or in-kind gifts. If you’ll accept a payment schedule, include that as well.

8. The Sponsorship Agreement: The sponsorship agreement should be easy to complete and return. Details such as a self-addressed and stamped envelope are good. Add an extra bit of professionalism by having this portion printed on NCR (carbonless copy) paper where they can tear off a copy for themselves and send one to you. You can also do things such as adding a QR code or link to a digital version of the agreement.


Read Simon's entire article at Music Think Tank.

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You should follow me on Twitter for daily news and updates on production and the music business.

Check out my Big Picture blog for discussion on common music, engineering and production tips and tricks.

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