In Marc Hogan's epic recent piece in Pitchfork, "How Much is Music Really Worth?", the writer examined the historical and present state of recorded music prices, all the while pointing out that the global and U.S. economy for recorded music is but one-quarter to one-third of what it was during its peak in the late '90s. The flipside is that the music industry's elite ranks are still living larger than ever, on the strength of increased ticket revenue and the proliferation of corporate sponsorships.
In our previous "Tips from the Pros" series, we provided some all-star advice on how to perform your best on Guitar, Bass, Drums, Keyboard & Vocals. But every great artist needs a great tune to play on, so here's a few pointers on writing songs from some of the best in the business.
For today's blog post, Next Level Noise has invited music business mastermind Steve Rennie to share his expertise on the subject of artist management. It's a topic he's very familar with, having served as artist manager for multi-platinum rockers Incubus from 1998-2014. His 36 years of music industry success also include being a concert promoter, record company executive & internet entrepreneur. Learn more about his Renman Music & Business & Renman U online course. And read his words of wisdom below!
This July, after about 26 years of New Music Tuesdays in the U.S., the global music industry will shift its new release date to Fridays. The debate over the change was sparked by music piracy that routinely would begin in Australia, where new albums drop on Fridays, before hitting the UK (Mondays) and the U.S. Although there is still some opposition to the change, digital streaming services and music trade bodies like the RIAA and International Federation of the Phonographic Industry (IFPI) back it, making it seemingly inevitable.
With this week's news that Tidal, the high-fidelity music streaming service that Jay-Z's Roc Nation purchased in January for $56 million, has launched its Premier streaming service, musician entrepreneurs are on people's minds right now.
1. It's Hard Out There for Songwriters