Music industry revenues have changed

[Fade]

Check this out: http://musicindustryblog.wordpress.com/2014/06/04/the-great-music-industry-power-shift/

Of course most people still listen to tons of music online or even CD and vinyl, but it's interesting that artists are bringing in much more revenue from touring. Touring has always been a huge income for artists, but it's kind of worrisome that record sales have gone down. What do you think?

 

[Opium Dave]

The writing has been on the wall with regards to sales for around 5-6 years now.
I advise all the artists I deal with now that their best chance of making money out of this music thing is to tour/gig, and preferably without a 360 deal that wants a cut of tour money.

 

[Fade]

I understand the labels have to dig into the tour profits since the record sales aren't enough, but it's a bit too much now. I really don't know what it's going to take for labels to seriously change their business model.

 

[dacalion]

I used to work in manufacturing, I would find safety issues that could potentially hurt someone. I reported it to the proper channels to no avail. They would only fix or modify a possible danger AFTER someone got hurt and they got sued.

Same thing with Labels, they aren't going to change anything until it starts costing them money.

 

[wrightboy]

The 360 deal doesn't just cut into the tours, they take a cut off EVERYTHING that the artist is involved with.

 

[Opium Dave]

The 360 deal doesn't just cut into the tours, they take a cut off EVERYTHING that the artist is involved with.

Exactly, I personally feel that 360 deals should be avoided at all costs. But I also know that there are so many wannabes out there that will will do almost anything to be famous.

 

[Mike Chief]

Its always been that way. Artists have never truly made that much from selling their albums as compared to touring and selling merch...and getting sponsors.

But they are definitely making a significantly less amount from album sales today as compared to back in the day.

 

[BlackAndYellow]

Yeah I think that due to the recordsale drops that the tour became much more than just an extra promotion for their album. Lets be honest, back in the 90's, NAS his tours were only for promotion, nowadays its for the extra money and for the artists own experience. The're really going with the time which I think is a good thing.