Thursday, September 10, 2020

If you had an opportunity to sit down with an industry executive what is the one question you would ask?

 This week has been so much stupidity that I think I just want to shoot myself. But you must think on the bright side. Use it in your blog and explain the stupidity. So yes, I got a lot of new stories to write.

We start with a Facebook friend of mine asked this question: Artists, if you had an opportunity to sit down with an industry executive what is the one question you would ask?

Kind of interesting what the artist would answer. Of course, this was not a stupid question the stupidity in my life will come later in other chapters. My guess was of course they will be aggressive and start accusing this person because they haven’t succeeded yet. Like that would be this person’s fault? Okey in the old industry there was gatekeepers. That is long gone, everything is really open. The fact is that nowadays it’s not hard to sit down and discuss with even the biggest industry executive.

I stole some of the questions here and try to give my answer on them. I guess you can say I’m one of those industry executives, of course not the biggest one. The biggest one is only hired to build up the company. Most of the time these people are heads over just a company that doesn’t really matter what it is. They recruited from any type of business since it’s all the same, their job is for the company to make more money. Of course, the artist they work for matters, that is like a product that is important for a company. Nowadays though few of them are in the process of choosing the product when they take it it’s already popular. Let’s go back to the questions.

-          I would ask him/her how do they plan on competing and staying relevant in the age of streaming services becoming the modern era record labels.

Good question. The major record labels are NOT developing artists, some smaller do, the big ones are mainly taking on artists that are flashing through social media channels or apps like TikTok. Their job is to develop that artist with a fanbase to get more revenue and of course they take a percentage out of that revenue. The problem the majors have is that these careers and platforms change so rapidly that the careers is only available for around a year. Another problem is that the money is not that big and a lot of cheating so most artist on the platforms is not signing up with the label since they can’t afford to share that percentage. This is though much safer to earn some money on an artist for a year then develop an artist for five years and then might get slightly higher revenue. For the companies, this is a safer way to go.

That they are relevant, that can be discussed? But yes they still give sweet deals to a big artist like Talyor Swift, so they won’t disappear in that kind of sense. The streaming services are not acting like record labels, they tried early in their things but realized that they can’t predict anything anyway and all their attempts fail. A reason modern attempt was trying to break Ava Max through Spotify, she has the numbers, but not the fans.

-         -  I would ask, why don't they give back to up and coming artist, who is extremely talented, but don't have a way, or the knowledge to capitalize on their gift.

I guess we already took this one. It’s too much of a risk!

-          - What are you guys actually looking for right now?

I guess I got that one there as well, an artist that already has a fanbase they can capitalize on.

-          - How do I get paid if I am not in charge of Production or Producing my own Material.

Then you are a boyband that is hired as an actor is hired in a movie. You get a salary. If you do your own material, you own it you can then license parts of it to get a better reach. The days when companies invested in recordings and stuff is way over.

-          Get you a lawyer that knows something about the music industry let him ask a question.

That is really the wrong thing. I have met many lawyers that have no clue how the new music business works. Better to let them see the papers when you have them on the table. They are usually good to intemperate the law. Most of them are really lousy to be updated or even have the knowledge inside the industry.

There were more good questions but I will stop there and might come back to them another day.

There were more good questions but I will stop there and might come back to them another day.

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