RECORD LABELS NOW WANT ALL OF YOUR MONEY!!!

360 deals are contracts that allow a record label to receive a percentage of the earnings from ALL of a band's activities instead of just record sales. Under 360 deals, also called "multiple rights deals," record labels may get a percentage of things that were previously off limits to them, like:




Concert revenue

Merchandise sales

Endorsement deals

Ringtones

In exchange for getting a bigger cut from the artists they represent, the labels say they will commit to promoting the artist for a longer period of time and will actively try and develop new opportunities for them. In essence, the label will function as a pseudo-manager and look after the artist's entire career rather than only focusing on selling records.



360 deals are controversial for a lot of reasons. First of all, they're often seen a cynical money grab by labels that are facing dwindling sales and high overhead. The charge is that labels have survived a long time without these kinds of deals, so it would seem that they're suffering from a failure to manage their businesses and react appropriately to the changing industry - asking the bands to foot the bill hardly seems fair. Other people object to the whole "band branding" notion that makes 360 deals so potentially profitable for labels. A great example is The Pussycat Dolls. Sure, the branding has been a huge success - but where exactly does the music fit into the picture?

This Day in Music History - January 17th

Today the song "I Write the Songs" by Barry Manilow topped the charts and stayed there for 

a week. (1976)

Today the song "Shake You Down" by Gregory Abbott topped the charts and stayed there for 

a week. (1987)

Today the song "Truly, Madly, Deeply" by Savage Garden topped the charts and stayed there for 

2 weeks. (1998)

(source: datadragon.com)

An Artist Perspective - Gerard Way

Rollingstones.com has published interviews with some of the top artists out there today. They broke down how different artists feel about what is going on, and their thoughts on what is going to happen in the industry. Here are some excerpts from those interviews:

(source:www.rollingstones.com)

Tips-The opportunity to build a life doing what you love is a privilege.

 

The life as a musician is one that many people dream of, but few achieve. You must work hard, be dedicated, and earn the right to live your life as a musician. With the chances of success being slim in the industry, you have to value the choice to live this life, and honor the opportunities that are presented to you.

The Decline of the Record Label Industry

 

(http://uk.techcrunch.com/wp-content/uploads/broken_record.jpg)


A Few Reasons to Take your Career into Your Own Hands

As everyone knows the music industry is in the middle of a vast transformation. Record labels are merging and trying to avoid facing foreclosure, CD sales are down, and there are VERY FEW new artists being signed. Here are a few important statistics to remember:

VIDEO OF THE DAY

ARTIST OF THE DAY

The Second Look Band is an evolution in music. Combining more than 50 years of music experience and playing only the very best in Classic Rock, Contemporary Rock, and innovative body shaking Originals, the Second Look Band offers a sound that makes you want to take a SECOND LOOK! The band is comprised of Pittsburgh, Pennsylvania native, Dennis “Diesel” Franks (Guitar & Vocals),Greensboro native, David Williams (Drums & Vocals), and newly added band members, Jim Mayberry (Bass), and Chris Holt (Saxophone). Bobby "Bubba" Greene is a permanent band fixture as well -- handling "everything else" for the band including transportation, load up, load in, load out, set up, lights and sound, merchandise sales, logistics, promotion, booking and of course beer and drinks!Every opportunity to play music, whether it be clubs, private parties, corporate events, or festivals provides a memorable moment in some way for The Second Look Band. The Second Look Band has created many memorable moments together. From performing before an electrifying and screaming crowd in Miami Beach’s American Airlines Arena to opening for Edwin McCain and the Blues Brothers for a Fourth Of July Concert in the Appalachian Mountains of North Carolina, Second Look Band has entertained thousands with their music and universal appeal attracting all ages to ROCK ON and shake their bodies!