Comments on: Investing in the Music Business

By: Kevin

Kevin — Tue, 22 Jun 2010 15:09:13 +0000

Great intro to the series, P. I’m excited to see what you’ll explore next.

By: Tim

Tim — Tue, 22 Jun 2010 13:30:31 +0000

Old dogs learning new tricks. That sounds like me! As someone who has been around long enough to watch all of the changes in the business, I agree with all of the above.. however, what is maybe even more fascinating to me is that everything is moving so quickly that even the “new” dogs are having to learn new tricks. It seems like every week someone has come up with some new tool to help with the promotion and marketing of music. Lots of fun but tough to keep up with.

By: Pinky

Pinky — Mon, 21 Jun 2010 18:10:25 +0000

No question about it, Sean. AND it’s going to take a lot of money and some big wins. Big Machine is kind of a hybrid version of the model I will propose. It’s not perfect by any means, but it’s a start. Stay tuned!

By: Sean

Sean — Mon, 21 Jun 2010 17:34:47 +0000

Good stuff. I’m definitely looking forward to more discussion in this vein. The industry needs to be fixed, and I think it can be fixed if the participants allow it to be. But there’s obviously a lot of inertia. And I’m not convinced that dramatic change can happen without participation from a significant slice of the current industry (even if it’s just the artists, leaving the old infrastructure behind).

By: Pinky

Pinky — Mon, 21 Jun 2010 15:57:45 +0000

Fifth – because if you know how many things you’re going to say to begin with, you’re less likely to forget something you wanted to say once you start typing.

Classic ADHD symptom there, bud.

Sixth – That is all.

By: Sloane

Sloane — Mon, 21 Jun 2010 15:51:10 +0000

Fourth… why did I feel the need to number things above?

By: Sloane

Sloane — Mon, 21 Jun 2010 15:49:52 +0000

First off, brilliant post… Second, I lost 5 minutes in the middle listening to Kermit sing one of my fav Elliott Smith songs…

Third, I look forward to this series of posts. Thanks!

By: Pinky

Pinky — Mon, 21 Jun 2010 15:47:36 +0000

Very well said, Alison. I will pound away at this during the next several posts, but I don’t for one second want to imply that every artist needs a label, nor does every entrepreneur need an angel or venture capitalist. When they do however, the terms need to be fair in order for the entire eco system to survive.

By: Robin Welty Pisciotta

Robin Welty Pisciotta — Mon, 21 Jun 2010 15:46:57 +0000

GREAT post Pinky!

By: Alison Groves

Alison Groves — Mon, 21 Jun 2010 15:41:44 +0000

I’ve always believed that with the shift in distribution, that a label should become a VC. That is, as long as the band is allowed to retain all creative rights. Let a “label” fund a band and if the band has some success, they pay back the VC in the same way a startup would. Art should never have to meet a quarterly shareholder bottom line.

OR.

Let bands do it all on their own. This will weed out the clowns who just want to be famous and those bands who truly play music because they love to play music. Those who are talented and work hard will be rewarded for that hard work. Those who just want to dick around and be “rich” and famous will quickly be weeded out and fail.

Just my elementary explanation of everything you just said.