The state of the industry is becoming sort of like a scientific hypothesis. You can’t just make a star overnight like you did with some of the greats from before. It is more of a guessing game with a lot more dedication and hard work from the start. Instead of just telling an artist your going to get the fame/ money/ success that comes with a rock star, you let them choose, and it becomes more like a step program.
Through youtube, fame can be reached easily. Just look at these numbers comparing 2006 to now
(Information from wiki)
August 2006- Youtube hosted about 6.1 million video’s, requiring bout 45 terabytes of storage space .
April 2008- 83.4 million video’s, requiring the amount of the bandwidth of the whole internet in 2000, costing roughly $1 million a day.
Now if you wanted your company to get any fame, getting on the front page of youtube would be great publicity. That would run you about $175,000 a day! So it does cost money to get fame, so the question is…. What is the return? Is it worth your investment? The price of fame has become cheaper over the years so the return has dropped considerable. I’ve known people to get over 1 million people to check their youtube video, and has yet to see a cent. Brings me to the next step after you get fame…. Money.
This breakdown is derived from Coolfer.com
Their breakdown is of TI’s new album, Paper Trail.
Alight so paper trail’s first week sales were 568,000, the single ‘whatever you like’ moved almost 335,000 units. Now comes in the fame aspect with Myspace. With the new Myspace music, you get around a penny a song if you’re with a major label. So if you average 1.5 million views a day, that’s $15,000 a day of extra income.
Combine sales of cd’s, single song downloads, myspace streams, and any other source and you come close to success. You’ll have fame and money, but of course happiness is most important. Success is how you define it personally, and not what anybody else tells you. I say in today’s terms, you have to pick one of the three because they don’t all come together like paper and glue like they use to. You can have a number 1 song with no income, so it is not a success. You may get a whole bunch of money from so many sources with your music from shows, but your still not in the light of fame which many die for. Success is to each their own, so fame and money may not be involved. What I am studying and working on now is a business plan to reach all three for artists I work with. There are many more steps, but like I said before it is all a scientific hypothesis that all comes back to the artists and how hard they are willing to work for. You can’t just be a internet star cause we got millions of them.. and you can’t just be the biggest local act ever if it stays local, but you have to start somewhere. No more overnight artists, it is all about the struggle of making music a career and not a hobby. It is all about picking one of the 3, or going for the long run of all of them.
From the mind of
Keveeno Reeverts.