Showing posts with label music executives. Show all posts
Showing posts with label music executives. Show all posts

Wednesday, November 27, 2013

The Music Industry Holiday Shutdown

Thanksgiving Turkey image
Thanksgiving is a time for family gatherings and banquets, but it also marks the beginning of a time of year that those in the business of music either love or hate - the Holiday Shutdown.

The Holiday Shutdown is the toughest time of the year to do business because the execs that can greenlight a project begin their extended vacations, so they're rarely in the office. It begins Thanksgiving week (some leaving on Monday rather than Wednesday), and really continues until about the second week in January. Oh, they'll be back in the office between now and then, but they're usually so backed up with work that if you're not on the top of the pile you'll be pushed to next year.

One of the reasons why record execs leave is that the release schedules for the year and even into the first quarter of next year are set in stone. The Christmas releases are out by now, and while there may be a record that might drop in the first week of December, it's a rarity. It's a slow season work-wise, so why stick around?

On the other hand, agents and managers are still working as they line up fill-in dates for the end of the year and work on tours for the new year, merch vendors are still working because it's a prime time of the year for retail sales, and publishers are still getting payments and working on synch licenses for television shows and movies (although many of the producers have also left unless they're still in production).

This is also the time of year where bands may still be negotiating for a New Years Eve gig, which may be the best paying, but the worst gig of year, as the audience tries too hard to have the good time they think they're supposed to have.

With all that being said, it's a good time of year to get your marketing in order for 2014, since there's bound to be some downtime in whatever sector of the business that you're involved it. We'll review that more in an upcoming post, but in the meantime, have a great Thanksgiving and don't eat too much turkey!
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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.

Wednesday, December 7, 2011

How To Reach Out to Industry Execs

World with headphones image from Bobby Owsinski's Music 3.0 blog
As you might imagine, I get a lot of email from people asking me to critique or help them with their work. This is something that I love to do, but most days there isn't enough time for my own work, let alone something coming from someone else. It really does hurt when I realize 3 or 4 weeks later that I still didn't get around to listening to something. Rest assured that eventually I will get around to it, although not always in a timely manner.

That being said, you don't get something unless you ask for it, but there's a definite right way way to do it, and there are some reasonable expectations that you should have when doing so. Music Think Tank had a great article about this recently that you can read, but here's my version.

When you reach out to someone in the industry, remember that:

  • They're busy people first and foremost. Most people in the industry are doing too many jobs at the same time. They're overworked and most likely underpaid and already have a lot on their plate. They're not sitting around waiting to hear from you because there's probably 10 things on their to-do list that they won't even be able to get to today. Consider yourself lucky if you happen to get a sliver of their time, but don't take it personally if you're rejected or ignored. Unless you have something to offer that fills one of their needs at that specific moment, they probably just won't be able to fit you into their already crowded mind. 


  • They don't like people who aren't straight forward. Back when I was writing for magazines, I had a friend call me up and waste my time by beating around the bush hoping I'd suggest that he was awesome enough to write an article about him. I would have much preferred he just got right to the point and said, "I'm trying to get some press? What do I have to do to get you to write about me?" That why I could've either told him how or told him I couldn't, but he would've known a lot sooner and saved us both a lot of time. To this day I still don't want to talk to him because he turned me off that badly. People that are working in the industry are busy. Get to the point. 
  • It can never be about the money. If you're calling someone up and looking for help, a job, or even a record deal, the last thing you need to discuss is  money. It's an instant turn-off and will immediately get you dismissed as someone who doesn't care enough about the right thing. This is an industry that requires you give a lot more than you take, and do so gladly. Do that, and the rewards will come by themselves. The only time you're in a position to talk money is if someone calls you!
  • They may not be able to give you what you're looking for. You may be looking for a critique or advice, but they just may not be able to supply it. Why? Everything and everybody in the business is somewhat unique, and the knowledge or experience that was required at one time in the past may no longer apply (especially in this Music 3.0 world). It could be that person doesn't have any better idea that you have, or that what they know is outdated (hopefully they're aware that that's the case).
  • You need to have your elevator pitch ready.  Know what an elevator pitch is? It's a very focused and to-the-point presentation that should last the length of an elevator ride. Entrepreneurs looking for money develop their elevator pitches early in the process in the event they find themselves on an elevator with someone who might have the ability to fund their company. The fact is, everyone should have an elevator pitch that describes who they are, what they do, and what they're looking for in 2 minutes or less. This takes some time to get right, but pays dividends even if you find yourself pitching outside of an elevator. If you've enticed the person you're pitching to enough, they'll ask for more details.
Remember these points the next time you want to reach out to someone for some help. In this case, a little bit of knowledge really can go a long way.
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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, December 5, 2011

A Big Change At WMG....Maybe

Warner Music Group logo image from Bobby Owsinski's Music 3.0 blog
Today it was announced that Warner Music Group chairman Edgar Bronfman Jr. will step down as of the end of January. Bronfman has been pretty good at destroying companies, from Seagrams (the liquor dynasty that his family built) to Universal Music to taking Warners to the brink as their stock price took a big hit, so it's hard to tell for sure whether the decision to leave was his decision or new WMG owner Len Blavatnik's.

Bronfman's leadership had little to do with music; it was always about the money. More market share, higher stock price, and more acquisitions all had more precedent than developing talent for the long term. In this case, you reap what you sow, as WMG is just another major on a slow decline.

While it might seem like a good move that one of the old guard executives is leaving, don't be so sure that it will make a difference. Remember that the company is still owned by a Russian oligarch. not by a music person. Big money and music have never mixed, since the product is turned into a commodity rather than the art that it is. Since buying Warners earlier this year, Blavatnik hasn't shown that his purchase was anything more than some wealthy bargain hunting.

When the music business was at its peak in the 70s, the Berry Gordy's, Ahmet Artegan's, Jac Holzman's and Mo Ostin's of the world were running it. These were real music people that lived at breathed what their artists did and were willing to stand behind them until they broke through in a big way. Unfortunately we live in a much different world today; one that relies on immediate success and spurns artist development and technical innovation. It's no wonder that a tech company (Apple) basically took over the business by supplying the distribution chain that the labels could not.

So how will anything change? We need a new crop of music entrepreneurs, ones who are their audience and love music for the music, not the money. Until that happens, music will remain in the doldrums and the 3 remaining major labels will continue down their long, slow death spiral.
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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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