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Re: [ARSCLIST] Record Business vs. Music Business: The Shakeout Continues.
Wow, Bob, this is so true. And the big problem is that by commiditizing the entire commercial
recorded music history of the U.S. and Europe and beyond, they have killed the engine that financed
the risks a company takes on a new artist.
If you look at almost any list of "the greatest recordings of ... (name your decade or century)",
many of them were not instant hits. In fact, who remembers the instant hits of yesteryear unless you
happened to tape Casey Casim each week? That disposable hit junk was financing the few gems of
lasting art. And then, as the lasting art took hold, it became an annuity that helped finance the
latest hit-makers' development. This cycle continued for decades but fell all apart over the last 10
years or so.
I still think the biggest parts of the trouble are: 1) Big Music mega-glomerated into public
companies controlled by accountants and lawyers and subject to the whims of Wall Street, and Wall
Street is obsessed with "new media" and thus under-values anything that's not a near-profitless
dot-bomb "business." 2) as others have stated and I have agreed, aural-only entertainment may have
been a short cultural blip against a longer recent history (since before Roman times) of primarily
visual entertainment (think everything from Greek plays in large ampitheaters to the Roman colesseum
spectacles to Shakespeare, to jousting tournaments to Victorian theater to Broadway to movies to TV
-- Tom Fine
----- Original Message -----
From: "Bob Olhsson" <olh@xxxxxxxxxxxxx>
Sent: Sunday, May 13, 2007 11:20 AM
Subject: Re: [ARSCLIST] Record Business vs. Music Business: The Shakeout Continues.
Once you get past all of their flowery, romantic populist sounding
propaganda about the internet, the Silicon Valley investment banking
community has killed the goose that laid the golden egg in order to float a
few more initial public offerings fueled by offering yesterday's music for
free. The biggest losers are tomorrows music fans and the next generation of
Bob Olhsson Audio Mastery, Nashville TN
Mastering, Audio for Picture, Mix Evaluation and Quality Control
Over 40 years making people sound better than they ever imagined!