Is Music dying? Shares of UMG tank after deceleration of streaming revenue....

[JetFueledThoughts]

Music isn’t dying but music being a big business is

 

[PatCake]

It's about time the Execs' pocket were affected. They've been robbing black artists for generations.

There's also no originality anymore. All the music is being sampled from 1960s and 1970s bands who made music by creating original chord progressions and symphonies.

Nobody wants to do that now and we hear the same song every two years. Just repackaged under a different "artist"(brand).

 

[chunky_mcdaniels]

People don't buy music anymore.

There's your answer.

Close the thread.

 

[Pop123]

Music biz, the business of selling music, been dead. Napster and all that nuked shhit. All this streaming and the like is just so fans don’t know that it’s dead…them fake ass concocted numbers and shhit make it feel alive and well, . They ain’t eatin shhit off that for real.

Don’t even worry about selling music, worry about getting people to hear your music…and from that hit the road heavy, sell other shhit to them, endorse, cross market, etc… that’s the only way you’re eating aside from maybe 8-9 musicians

 

[DontEemTry]

Now nikkas should understand exactly why they should have taken the business side of the industry serious when they had the chance.

I know a lot of 90's artists are hurtin out there and the crash for this new wave of artists is gonna be even worse coz their lives play out in public.

 

[⭐⭐⭐⭐⭐]

The industry has its main acts, and what is essentially an r&d slush fund

 

[beenz]

Artist cannot easily make money with maybe 3 record companies, one company (live nation) that controls the venues, tickets and touring and like three companies that control streaming.

 

[⭐⭐⭐⭐⭐]

Furthermore all the top brass of the business have left and retired, and due to nepotism there degenerate kids are now in positions of power within these organizations and they gave you ice spice they spent the last year promoting this and nobody bought into it debut sales of 20,000 this is brought to you by the Sun of one of the most powerful CEOs of the industry. If you just look at the guy you get the image of somebody who probably still wakes up at noon

 

[Tribal Outkast]

I really don’t know the answer to that, but it’s funny when people are surprised when there “stars” sell 20K or less first week. Something has to be wrong if you can’t sell in the streaming era but people seem to be ok with it. We just are supposed to celebrate the same old stars that’s been here forever especially when their old albums continue to stream well. I’ve been saying there’s too many artists out here

 

[Piff Perkins]

The current attempt to kill touring may be the last straw as artists realize how fukked they are on major labels. Multiple artists across multiple genres have recently fallen prey to a record label allowing some private equity bozo to book them an arena tour they can't fill, because "on paper" it's more profitable than the smaller venue tours. Those smaller venues were once the bread and butter for artists, who could simply live on the road for a year 6-12 months and make bank.

IMO it's always interesting to watch artists who are on the verge of being the next superstar, to see how their shyt is being handled. Right now that means watching Chappell Roan. She just added a bunch of tour dates in the Midwest, in between the various big festivals she's attending. A lot of her shows are amphitheaters, which are 5k-20k venues that artists used to tour before moving on to arenas. However the bulk of her tour was announced last year, before she blew up. Flip side SexyRed's upcoming tour (many dates of which are arenas) was announced after she "blew up" yet it looks like she's going to fail to sell it out. We'll know for sure in a couple weeks.

My point is that this shyt falls apart when a label decides that the things the small things are no longer important. Over a decade ago they decided A&Rs (and artist development) wasn't important. Now they're deciding building (or maintaining) fanbases through touring is no longer important. I think Roan's success is likely an exception to the rule, and instead of realizing that her touring small venues over the last year is a major reason she's blowing up, someone in a suite is looking at numbers that say "if we had put her in an arena in September 2023, her current tour would have made x more due to later sold out dates out weighing the earlier dates struggling..." No you retard, her tour would have been cancelled months ago if that was the case.

 

[REAL6]

Music will never die, the ones running the music industry killed music's value by streaming and artists not getting paid for it and pocketing the profits.

 

[Robbie3000]

Streaming (music, movies and TV) was always a flawed model. The fact that I can pay $10 a month to Apple and k get access to all most all the music ever recorded is a ridiculous proposition. Same thing with these streaming apps.

 

[beenz]

Streaming (music, movies and TV) was always a flawed model. The fact that I can pay $10 a month to Apple and k get access to all most all the music ever recorded is a ridiculous proposition. Same thing with these streaming apps.

streaming video regularly raises the prices. apple music been like $10 since it first dropped it seems.

 

[Rekkapryde]

artists are finally starting to learn the business and understand they don’t need the labels anymore.

Bingo

Had a good run but it's over.

Internet/Technology done caught another body.

Print Media
Music Labels

 

[Rekkapryde]

They did this to themselves... dumbed down the music for years, destroyed the fabric and balance of black music now you reap what you sow... you fukking bytch...

my nikka is fed up