EntertainmentWise.com (http://www.entertainmentwise.com/news?id=34738) reported on Prince's free CD release today that went out with over 3 million newspaper copies. The "Mail on Sunday" newspaper included the CD as a free giveaway with their Sunday edition. The wording of the title of the article on EnterainmentWise.com is what bothers me:
"Prince Attacks the Music Industry"
That is indicative of a lot of the press lately in their reporting of music industry news. I don't think Prince believes this to be much of a "big deal". Look at his comments:
"It's direct marketing and I don't have to be in the speculation business of the record industry which is going through a lot of tumultuous times right now."
What is even more telling is the Mail on Sunday editor's response:
"Prince has done this because he makes most of his money these days as a performing artist."
It just shows more and more that the former iron grasp of the music industry on artists and media is quickly weakening. Artist's are starting to take control of their own business and making more money than they ever had in the past. If anything, this article's title should have been "Prince marginalizes the music industry."
Sunday, July 15, 2007
Is Prince's free CD that big of a deal?
Subscribe to:
Post Comments (Atom)
2 comments:
The artists and labels have very different economic interests. The labels make money from licensing and selling music. The artists make money from merchandise and ticket sales. The labels need to structure their deals so that their intests are aligned with those of the artists they represent.
Great work.
Post a Comment