Don't Get Me Started On Major Labels!
I was just reading an interesting article The LA Times put out today, Record labels seek more action on Rock Band and Guitar Hero. Greed is green here. The labels want to line their pockets at the artist and gaming industry's expense of course. Nothing new, I know. Because of the widely success of these popular games should their manufacturers bow down to the major labels? Well unfortunately they have to if they want the music. But like Susan Kevorkian's quote below, the labels should get proactive rather than play victim. As we all know the real victim here is the artist! Yet another reason to NOT sign your music away.
I would love to hear your thoughts on this subject.
Here are a couple of quotes from the article that should rile your up...
Edgar Bronfman Jr., chairman and chief executive of Warner Music Group, recently grumbled that the record labels deserved a bigger piece of the spoils from the games' success.
The game publishers pay the record labels about $10,000 for the rights to re-record a song and up to about $25,000 for master recordings by the original artist or new releases, according to executives close to the negotiations. They spoke on condition of anonymity because the terms are confidential.
But IDC analyst Susan Kevorkian said the "major music labels need to reposition themselves as proactive players in developing digital music businesses rather than victims. They have a lot of power." Not as much as they once had. The games have moved from niche to phenomenon, and musicians want in.
Post a comment with your two cents on this. I'd love to hear what you have to say.
Copyright © 2008 Madalyn Sklar, IndieMusicCoach
Madalyn Sklar is a music business coach & consultant, blogger, social networks expert and author. She founded IndieMusicCoach and has spent over 12 years working with a wide range of independent musicians all over the world. Her goal is to help indie artists achieve greater success in the music business by working smarter not harder. She is also the founder of GoGirlsMusic.com, the oldest and largest online community of indie women musicians, with a vision of bringing together and empowering musicians from around the world.
Madalyn is available for one-on-one consulting and coaching at affordable prices. Check out http://www.indiemusiccoach.com/ for more info.