Showing posts with label MySpace. Show all posts
Showing posts with label MySpace. Show all posts

Monday, February 22, 2016

MySpace Purchased by Time, Sort Of

MySpace Sold Again imageMySpace is back in the news again, this time because it's just a small piece of a bigger deal where its parent company has been purchased by big media player Time Inc.

The company was just one of the companies owned by Viant, which is a big player in online ads. Viant also owns the Specific Media ad network and what it calls an "advertising cloud" that's said to connect to more than 1 billion registered users.

There's no word yet on what Time intends to do with MySpace, but despite its long fall from social grace, it still racks up 10's of millions of viewers each month.

If you recall, MySpace was bought by at its peak as a music site for $580 million by Rupert Murdoch's News Corp back in 2005, after which it shed users by the millions. Viant and Justin Timberlake (among other investors) purchased the company in 2011 for a mere $35 million, and tried to revitalize the site, but it never gained traction again.

The platform also proved to be a cautionary tale regarding trusting your user data to a social site, when users woke up one morning in June of 2013 to find their followers reset to 0 after the MySpace relaunch.


Monday, August 4, 2014

3 Reasons Why An Artist Website Is So Important

3 Reasons why an artist website is important graphic
Many artists are tempted to just rely on a Facebook or Tumblr page as the main online point of contact, but that strategy can have a number of unforeseen problems. Here's an excerpt from my Social Media Promotion For Musicians book that explains why.

"Unfortunately, a website many times gets overlooked as an integral piece of your digital promotional life because there are so many other places that you can use as your online focal point. Having a Facebook page or Tumblr blog, or relying on another social network as your online central focus has a number of potential flaws, not the least is control of your message. Let’s look at three scenarios where relying on a social media site as your main contact point can prove disastrous.
  • Scenario #1: Our first scenario is a real-life example of a band I’ll hypothetically call “The Unknowns,” since one of the band members asked me not to reveal their true name. During the heyday of MySpace around 2004 the band was hot and eventually developed a following of over 900,000. This led to a number of record labels becoming interested (remember that they sign you for your audience, not your music), with the band eventually signing a big deal with one of the largest major labels at the time. The label immediately told the band to suspend their MySpace account because “we can do all that better in-house than you can.” In typical record company fashion, the label ultimately did very little for the band’s online presence. They did create a new slicker label-managed MySpace account, but they were not able to transfer any of the band’s previous followers, thus leaving them with a presence that was far less than they had before they were signed. Of course, when The Unknown’s album was released they had no way to alert those 900,000 followers since they didn’t have any of their email addresses, and they didn’t even have a website where their fans could go in order to discover the latest news about them. Needless to say, the album bombed and the band was dropped from the label. They never recovered that massive fan base that they had before they were signed.
The moral of the story is that if they had redirected those fans from their MySpace account to their website in order to harvest at least some of the email addresses, things might’ve turned out a lot differently, since they could have alerted their fans when the album was released. And that’s the problem with relying on an external site that you don’t control as your focal point online.

It's too easy for today's artist who only dabbles in social networking to get complacent and comfortable with the abilities of a single social network, but that can spell disaster for maintaining your fan base if you're not careful. As those artists who formerly depended upon MySpace now know, what's hot today can be ice cold tomorrow. But other negative scenarios also exist that can be far worse than the network falling out of favor.

This scenario was recently played out again early 2013 in a slightly different manner when MySpace relaunched an updated version of their site. Every single artist lost all of their followers, and every MySpace user lost their previous settings, and any affiliation with the artists they were following. All users had to reregister again, and all artists, regardless of how popular they were (even owner Justin Timberlake), started all over again with zero followers!
  • Scenario #2: Let's say that you've cultivated a huge following on Facebook. What would happen if Facebook was purchased by EXXON (highly unlikely, but let’s pretend), who decides that all it wants is the underlying technology of the network, and shuts the rest down? If you didn't capture the email addresses of all your followers, you'd lose them to the nothingness of cyberspace. Don't laugh - a scenario like this could happen, but most likely on another smaller network.
  • Scenario #3: What would happen if Facebook (I'm picking on them because they're the big dog on the social block) changes its terms of service, and now charges you $.25 for every fan past 100? If you're lucky enough to have 8,000 fans, it's going to cost you $2,000 to continue. Or what if they decided to limit everyone's fan connections to 100? Both are unlikely, but something similar could happen, where suddenly you’re unable to access that large fan base that you've worked so hard to develop.
The point of all of the above scenarios is that when you depend on a social network for your online presence, you’re ceding control to an unknown, unseen force that can change it’s will at any time with no regard to your online well-being. That's why it's imperative that you don’t count on a single social network for your total online presence or even your social media presence. If you rely on an external network, sooner or later you're going to get burnt. It's the nature of the Internet to constantly change, and it's too early to get a feel for the life span of even of the largest sites and networks. 

Just to illustrate the volatile nature of social networks, in 2005 MySpace was the most visited social network online with 100 million users. A mere five years later and it had dropped below 25 million, yet has recently doubled that number and is growing again. What this means is that you must pick and choose the social networks that you participate in wisely, and always engage in a number of networks in case one suddenly falls out of favor."

To read additional excerpts from Social Media Promotion For Musicians and my other books, go to the excerpts section of bobbyowsinski.com.
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Tuesday, January 14, 2014

How Not Having A Website Can Cost Your Band Money

Click To Website image from Bobby Owsinski's Music 3.0 blog
Many artists and bands don't believe that they need a website any longer and choose to rely on social media for their entire online presence. This can prove to be a fatal strategy, as outlined by this excerpt from my Social Media Promotion For Musicians book. In this excerpt you'll see 3 scenarios where not having a website cost a band or artist fans, sales and even a career.

"Unfortunately, a website many times gets overlooked as an integral piece of your digital promotional life because there are so many other places that you can use as your online focal point. Having a Facebook page or Tumblr blog, or relying on another social network as your online central focus has a number of potential flaws, not the least is control of your message. Let’s look at three scenarios where relying on a social media site as your main contact point can prove disastrous.
  • Scenario #1: Our first scenario is a real-life example of a band I’ll hypothetically call “The Unknowns,” since one of the band members asked me not to reveal their true name. During the heyday of MySpace around 2004 the band was hot and eventually developed a following of over 900,000. This led to a number of record labels becoming interested (remember that they sign you for your audience, not your music), with the band eventually signing a big deal with one of the largest major labels at the time. The label immediately told the band to suspend their MySpace account because “we can do all that better in-house than you can.” In typical record company fashion, the label ultimately did very little for the band’s online presence. They did create a new slicker label-managed MySpace account, but they were not able to transfer any of the band’s previous followers, thus leaving them with a presence that was far less than they had before they were signed. Of course, when The Unknown’s album was released they had no way to alert those 900,000 followers since they didn’t have any of their email addresses, and they didn’t even have a website where their fans could go in order to discover the latest news about them. Needless to say, the album bombed and the band was dropped from the label. They never recovered that massive fan base that they had before they were signed.
The moral of the story is that if they had redirected those fans from their MySpace account to their website in order to harvest at least some of the email addresses, things might’ve turned out a lot differently, since they could have alerted their fans when the album was released. And that’s the problem with relying on an external site that you don’t control as your focal point online.

It's too easy for today's artist who only dabbles in social networking to get complacent and comfortable with the abilities of a single social network, but that can spell disaster for maintaining your fan base if you're not careful. As those artists who formerly depended upon MySpace now know, what's hot today can be ice cold tomorrow. But other negative scenarios also exist that can be far worse than the network falling out of favor.

This scenario was recently played out again early 2013 in a slightly different manner when MySpace relaunched an updated version of their site. Every single artist lost all of their followers, and every MySpace user lost their previous settings, and any affiliation with the artists they were following. All users had to reregister again, and all artists, regardless of how popular they were (even owner Justin Timberlake), started all over again with zero followers!
  • Scenario #2: Let's say that you've cultivated a huge following on Facebook. What would happen if Facebook was purchased by EXXON (highly unlikely, but let’s pretend), who decides that all it wants is the underlying technology of the network, and shuts the rest down? If you didn't capture the email addresses of all your followers, you'd lose them to the nothingness of cyberspace. Don't laugh - a scenario like this could happen, but most likely on another smaller network.
  • Scenario #3: What would happen if Facebook (I'm picking on them because they're the big dog on the social block) changes its terms of service, and now charges you $.25 for every fan past 100? If you're lucky enough to have 8,000 fans, it's going to cost you $2,000 to continue. Or what if they decided to limit everyone's fan connections to 100? Actually, something similar now happens in that you’re unable to access that large fan base that you've worked so hard to develop unless you pay.
The point of all of the above scenarios is that when you depend on a social network for your online presence, you’re ceding control to an unknown, unseen force that can change it’s will at any time with no regard to your online well-being. That's why it's imperative that you don’t count on a single social network for your total online presence or even your social media presence. If you rely on an external network, sooner or later you're going to get burnt. It's the nature of the Internet to constantly change, and it's too early to get a feel for the life span of even of the largest sites and networks. 

Just to illustrate the volatile nature of social networks, in 2005 MySpace was the most visited social network online with 100 million users. A mere five years later and it had dropped below 25 million, yet has recently doubled that number and is growing again. What this means is that you must pick and choose the social networks that you participate in wisely, and always engage in a number of networks in case one suddenly falls out of favor.

You can read additional excerpts from Social Media Promotion For Musicians and my other books on the excerpt section of bobbyowsinski.com.
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Follow me on Forbes for some insights on the new music business.

You should follow me on Twitter and Facebook 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, June 17, 2013

MySpace Tries It Again

We've been hearing about it ever since Justin Timberlake bought in 2011, but the new MySpace is now out of beta and open to the general public. The company has a significant marketing war chest, with $20 million for both digital and television campaigns to raise awareness. If its first commercial (see below) is any indication of what that campaign will be like, it's in for a rough ride.

MySpace now has a nice clean modern look and feel and is keeping its legacy as a music streaming and discovery site alive by keeping that at the forefront of the site, rather than social networking. This may or may not be a mistake, only time will tell, as it remains to be seen just who its users will be.

I personally think the company made a big mistake by not taking advantage of the last Timberlake release in March. Piggybacking on the huge marketing effort would have brought much more awareness than the $20 mil they're about to spend. It's hard to believe that Timberlake didn't insist upon it back then. Yes, the service wasn't ready yet, but the fact of the matter was that it was already in beta, so it wasn't like there wasn't anything to show. Opportunity lost.

It's a much larger music world now than the first time around in 2003 for MySpace. Even with its current 25 million or so users, it has a very uphill climb as a result.

Check out the first commercial.


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Follow me on Forbes for some insights on the new music business.

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, February 19, 2012

MySpace Gains A Million Users

MySpace logo image from Bobby Owsinski's Music 3.0 blog
Can Justin Timberlake really be making a difference over at MySpace? Believe it or not, the once dominant social network claims to have "one-million plus new user accounts" in the last 30 days. In fact, it says that it's now "averaging 40,000 new registrations daily."

Why would anybody want to go back to MySpace? According to the company, it's because they have the world's largest song library at 42 million, and they have a new music player available. They also claim that it's Spotify, and not Facebook and Google+ that are their competitors. In fact, a quick check of the site shows that they have indeed rebranded themselves as "social entertainment," and they're now focusing on mainstream music, instead of the being indie focused as they once were.

Okay, a little reality check here. More does not necessarily mean better. What's the point of having a library of 42 million songs if most people could care less about at least 30 million of them? The other thing I'd like to see is exactly who these people are that are signing up for the service and where they're from.

Something tells me that there's these numbers are a little skewed, but as we all know about stats, they're always open to interpretation. After all, wasn't it just last March that MySpace lost 10 million users in a single month? It's really hard to add subscribers unless there's something worth their while, and there's been no sign of that so far.

What do you think - are we being hyped?

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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 14, 2011

A Comparison Of Social Media Networks

Valleyarm, a digital distributor based in Australia and serving the Pacific Rim, posted an interesting comparison of social media services the other day. Here's what they think are the advantages and disadvantages of the major ones. You can see a few others when you read the article.

Facebook Artist Pages

  • Details:
    • Facebook artist pages contain a whole plethora of information about your band – your songs, your tour history, your contact details etc. You’re also provided with a wall that allows your fans to chat not only to you but to one another as well.
  • Advantages:
    • Facebook is incredibly popular. It allows direct contact with fans in a medium that they’re extremely comfortable using. People can comment and interact with you very easily allowing greater fan penetration.
    • Clean interface that provides all the information that music professionals and fans could want to know about you.
    • All of your shows can be created as Facebook events making people more likely to come.
    • Interfaces well with other social media platforms, which allows you to access your fans across many mediums easily.
    • Can augment your page with tabs – customisable ‘pages’ within your artist page – which allows you a reasonable degree of customization. Tabs are often used to allow fans to listen to your music directly from your Facebook page.
  • Disadvantages:
    • Facebook doesn’t allow you to upload music directly, you have to either embed your music (via Soundcloud or similar) or use a tab like that provided by Reverbnation.
    • You can’t directly message your fans, though you can post status updates that will show up in their newsfeed.
    • It’s nowhere near as customisable as an individual page, though it does cover most of the functions you’d require from a band website.
    • Facebook is blocked in some countries, reducing your penetration overseas.
  • How to:
    • Go to www.facebook.com and click ‘create a page’ in the bottom right hand corner, just beneath ‘sign up’.

YouTube

  • Details:
    • YouTube allows you to upload video (and audio) clips for fans to access, share and comment on.
  • Advantages:
    • YouTube is insanely popular.
    • Is a one-stop-shop for people to view all of your official videos, music and information as well as unofficial (fan) videos.
    • It is one of the best places to view video and will usually be the first result in search engines or the first port of call for people looking for footage of your band.
    • Allows you to interact with your fans directly (via replying to comments they may make on your clips) and to also reach fans of similar bands by commenting on their videos – indirectly linking them back to your music.
  • Disadvantages:
    • If you want to upload audio you’ll have to pair it with a video clip, whether that’s an actual clip or a static image. Doing so isn’t difficult but requires slightly more work than just uploading an MP3.
    • Many viewers of YouTube are passive in that they don’t have an account, which means you can’t easily interact with them. This is slowly changing as YouTube now allows you to log in with your Google account.

Myspace

  • Details:
    • Myspace is the original social networking site that spurred the entire social media age. It allows bands to upload and stream media, display bios and gig information as well as interact with fans.
  • Advantages:
    • They have an active chart system and emphasis on music promotion – they review and try to expose unsigned bands.
    • Instant recognition – Myspace is still a household name even though people are leaving in droves.
    • Can customise pages pretty heavily in order to present a cohesive band image – though this can be both a blessing and a curse. Many people make horrible customisations that are either insulting to the senses or slow the entire thing to a crawl – which discourages people from going to Myspace at all.
  • Disadvantages:
    • Audio quality is poor. Myspace reduce the quality in order to make music stream faster, but given that almost everyone has broadband these days there is no point in taking the significant quality hit.
    • Rapidly decreasing user count. Few people use it anymore, especially for social networking – which means that you’ll find it hard to connect with your fans except in a passive ‘here is our music’ way. The whole reason anyone uses social media in the first place is to create stronger connections with fans – so it’s really a waste of time. 

Twitter

  • Details:
    • Twitter is a service that allows you to send short 140 character messages (tweets) as broadcasts. Anybody who ‘follows’ you on Twitter sees those messages and can reply using their own tweets directed at you (and others simultaneously if they wish). You can also use your messages to send links, such as to a press release or album download.
  • Advantages:
    • Is very fast and succinct which allows you to communicate with your followers in a rapid way without overburdening them with information. Is basically like text messaging en masse.
    • Can interact with other Tweeters easily – your replies are seen by anyone looking at their Twitter page – which is a great way to get your voice heard over a large area.
    • You can also follow all your favourite bands, magazines and blogs in order to receive up to date information and links.
    • Best used as part of a larger social media effort – fulfils a specific role – of complementing and reinforcing your other social media.
    • Very good for doing personal little updates at gigs/rehearsal/studios etc. to keep your fans engaged.
  • Disadvantages:
    • Only a small volume of information can be communicated at any one time – which is the point. It is a niche medium that is best used as a strategic reinforcer to your other efforts.
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Help support this blog. Any purchases made through our Amazon links help support this website with no cost to you.

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

Check out my Big Picture blog for daily discussion of music, recording, and production tips and tricks.

Thursday, June 30, 2011

5 Reasons For The Downfall Of MySpace

It's no secret that MySpace has been on the decline ever since it was purchased by NewsCorp in 2005, and now that it's been sold for about 6% of its purchase price, it's probably a good time to look back on the reasons why it's in the dumper.

1. It's all in the interface. MySpace has an interface that worked great for the year 2000, was looking a bit long in the tooth by 2005, and feels ancient in 2011. The fact that something newer and friendlier never came to pass has been one of the factors that caused the user exodus to other platforms. For artists and bands, that meant BandCamp, Nimbit, etc (see yesterday's post on artist helper services).

2. The rise of Facebook. When NewsCorp bought MySpace, Facebook was still a relatively small social network confined to only colleges. Soon afterwards it was opened up and social networking really took off, thanks to it's clean modern interface and interactive features like gaming. MySpace just couldn't compete.

3. Social media and music don't mix, yet. While MySpace was a social network in essence, it almost felt like it was built around music. Facebook is built around true social interaction and isn't particularly great at music, but that hasn't hurt Facebook one bit and maybe even lead to its success. As we've seen from iTunes Ping, social networking built around music hasn't attracted a huge audience yet.

4. The culture of NewsCorp. Let's face it, large corporations aren't particularly noted for their innovation. Small companies headed by entrepreneurs push technology forward, but Big Inc. speed is that of a glacier. MySpace needed to get better fast, but that never could happen in a big public company culture of Newscorp or any other, for that matter. This marriage was doomed from the start.

5. The march of technology. An online tech company seems to have a somewhat short lifespan almost by nature. Already we're beginning to see some user attrition on Facebook, which looked like a juggernaut that would only keep increasing its user base. It wasn't that long ago that Google was unbeatable, but several of their ventures have ground to a halt and the perception is that they're turning into the new "evil empire." No matter how big, it's not beyond the realm of reason that an online company can either be gone overnight or it's business model changed completely. Why should we be so surprised it happened to MySpace?

In the end, MySpace could have lead the revolution. Instead, it's just a speed bump in the social networking road. Can it be reinvented? Only time will tell.
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Help support this blog. Any purchases made through our Amazon links help support this website with no cost to you.

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

Check out my Big Picture blog for daily discussion of music, recording, and production tips and tricks.

Thursday, June 23, 2011

Who Uses Social Networks?

A few days ago I quoted some stats from the Pew Internet & American Life Project regarding Facebook use. Today we'll look at some of the other interesting tidbits that came from the studio regarding social networking. It really gives you a good idea of exactly who is using the most popular social networks.
  • 92% of those that use social networking use Facebook, 29% participate on MySpace, 18% are on LinkedIn and 13% use Twitter.
  • Overall social networking usage has nearly doubled from 2008  to 2010.  Back in 2008 26% of adults were utilizing a social networking service (SNS) whereas 47% of adults were using a SNS in 2010.
  • Only 18% of Internet users over the age of 35 used a social networking service in 2008, but by 2010 that number was up to 48%.  
  • The average age of an adult SNS user jumped from 33 years old in 2008 to 38 years old in 2010
  • Social networking users skew female. A notable change showed the discrepancy actually grew from 6% more females in 2008 to 12% more female social networking users in 2010.
  • The average MySpace user (32 years old)  is younger than both the average Facebook user (38) or Twitter (33) user.  LinkedIn skews the highest out of all the networks with users having an average age of 40.
  • LinkedIn is the only social network that has more men than women and the disparity is rather large, with men nearly doubling the number of women.  Twitter, on the other hand, is almost exactly the opposite of LinkedIn with woman making up 64% of the total users.
  • African-American users have the lowest presence on LinkedIn, making up only 2% of the total users. The highest saturation of African Americans is on MySpace with 16% of the total users.
  • Hispanic users are not prominent on social networking services either. LinkedIn is comprised of only 4% Hispanics, compared to the approximate 14.5% Hispanic makeup of the national population. Hispanics do however make up 12% of both the Twitter and MySpace user base.
  • LinkedIn is far and away the most saturated site when it comes to white users, who make up a whopping 85% of the user base.
  • While Twitter finished in last place out of the four main sites, the frequency of use of Twitter is quite high. Facebook  leads the pack in frequency of use with 52% of users checking at least once a day, but Twitter is close behind with 33% of users checking in on a daily basis.
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Help support this blog. Any purchases made through our Amazon links help support this website with no cost to you.

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

Check out my Big Picture blog for daily discussion of music, recording, and production tips and tricks.

    Thursday, April 14, 2011

    The Current State Of Social Networks

    Here's a very interesting info-graphic from Ignite as sourced from Google Insights that describes the current state of social networks. As you can see, interest in social networking seems to have flattened out somewhat. It's also interesting how many of the most visited networks are not in the US. And finally, I don't think any of the 5 biggest losers are a surprise (especially MySpace), but the winners are (especially the Chinese Weibo).


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    Help support this blog. Any purchases made through our Amazon links help support this website with no cost to you.

    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 music, engineering and production tips and tricks.

    Monday, February 7, 2011

    Most Popular Music Websites - Part 1

    Ryan Van Etten of Virtualmusic.tv put together some great graphics regarding music consumption on the web in 2010. Here's a list of the most visited music websites during the month of December 2010, along with their growth for the year.


    As you can see, YouTube is a juggernaut for music, something that will be amply illustrated tomorrow with some additional graphics.

    Now for some interesting stats:

       * 31% of YouTube videos are music

       * Lady Gaga videos were played 45 million times on Vevo in December 2010.

       * Last year (2009) MySpace Music was in the same ballpark as Pandora. This year it didn't even make the chart.

       * Although iTunes isn't on the chart because it's a sub-domain of Apple, it had a 60% growth last year and if on the chart, would be 40% as large as Pandora.

       * Spotify, for all its hype, is way down at the bottom of the chart and actually decreased in visits by 6% last year.

       * The most popular music magazine online is Rolling Stone with 2.2 million visits in December.

       * The most popular music blog is Pitchfork.com with 1.4 million visits in December.





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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, January 13, 2011

    The Beginning Of The Death Of MySpace

    Yesterday MySpace laid off about 500 people worldwide, or about 47% of its entire staff. MySpace has been on a downward spiral since purchased by NewsCorp in 2005, mostly for not acknowledging what it was and focusing on what it wasn't instead.

    At it's core, MySpace was an entertainment site centered around music. It didn't do that well enough to maintain it's audience, since instead of improving its core value, it choose to try to be more of a general social network. However, that failed miserably with Facebook coming from nowhere to dwarf its huge initial lead in both visitors and revenue.

    The sad part is, there's still no obvious successor for music, as Facebook still lacks many of the core assets that MySpace offers, despite some of the available music apps like RootMusic.

    What's more, MySpace still has more than 80 million visitors per month, although that looks to be declining by between 5 and 10% a month.

    MySpace held such promise, and delivered little of it. It's another example of a multinational company getting involved in the music business only to slowly run it into the ground. History repeats itself 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.


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