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

Rekkapryde

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TYRONE GA!
I keep saying it, streaming hurt the anticipation and interaction with album releases.

Everything gets dropped at the same time every single week: Thursday 9PM PST with a $15/month streaming service.

Nobody grouping up on the internet trying to find the album in a community or thread. Album release threads go wood where they used to gather groups of people from around the internet because your one thread had the leak.

It's all too easy and flat out just sounds like everything else now anyways. There's no effort put in whether you're going to the store to find the album or finding a thread on the internet that has it. The ceremony is gone.
Convenience has ruined a lotta shyt sadly and made many lazy. We're all guilty to.an extent.
 

Crumple

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Creating an album - $10,000 min - cost
Streams - $.001 a listen - asset
Management costs $60,000 a year
Videos - $1000 minium - cost
Tour date costs - $500 minimum
Promotion - $1000 minimum - cost

Mid range videos are easily $20,000 - cost

To sell albums to make any profit is tough.
Same as touring.

Most rappers lie.

If a label gives $100,000 a year to support a rapper a year and he doesn't profit - they're losing.

And the internet thinking views and likes count as currency is backwards as fukk!
 

Rekkapryde

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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.
Chitlin circuit touring is big. :yeshrug:

I just hope the ones who do get radio play and media promotion are saving and investing
 

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A lotta delusion comes from exactly this.
I lived my early twenties seeking to write a viral breakout hit

I Put That Brick in Your Face

Slim Jesus


Not a high bar

But realistically them songs probably resulted in less than a dozen bookings before that well dried up

Where's Slim Jesus now, wouldn't surprise me to find him working at a Foot Locker

That's not to hate or disparage what they did but for years there is this idea that you don't need the major labels anyone can be heard all you need is like one big song or something you know and you have a video for that and it goes viral then you're all the sudden on the same level as major label acts - really major label acts are a handful, and then there are a bunch of artists in development in the artist and repertoire department, other businesses would call this research and development a lot of this never makes it off The cutting room floor but it accounts for a lot of the spending and budget that amount for losses in the industry but yet each one of those losses represents a plethora of payments to industry veterans who work on that project. A lot of the business is built on creative accounting and that's where the money really is - there are franchise and marquee brands. Eminem, Adele, beyoncé, Taylor Swift, drake. Eminem is breaking records in streaming and just had his lowest selling debut album and yet that's one of the highest selling albums of the year so yeah there's a lot less money to go around and the industry and the revenue from it have been hijacked by the streaming entities for operating as a data harvesting device. The goal now is to know your habits when you listen to music what makes you listen to certain songs where you are when you listen to certain songs so that they can sell you a McDonald's ad at the perfect time so they can sell you a gym membership ad at the perfect time so they can sell you a car insurance at the perfect time
 
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BK The Great

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It's not even about the music anymore, it's about gossip. Where are the big albums for the year? it was just singles that were performing well.
 

tremonthustler1

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It's not even about the music anymore, it's about gossip. Where are the big albums for the year? it was just singles that were performing well.
That still exists, just not in rap.

Beyonce albums are still events even though I think her tours overshadow that now.


Taylor Swift, you already know.

Morgan Wallen watches his catalog never leave the top 50 ever.


Meanwhile, rap has taken such joy in watching the closest thing to them on that sort of level has been chopped down limb by liimb
 

BK The Great

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That still exists, just not in rap.

Beyonce albums are still events even though I think her tours overshadow that now.


Taylor Swift, you already know.

Morgan Wallen watches his catalog never leave the top 50 ever.


Meanwhile, rap has taken such joy in watching the closest thing to them on that sort of level has been chopped down limb by liimb


I think it’s because everyone always debates something against one another in the rap category. We really don’t see those other genres fight over petty things like who’s the best. Now the only thing that’s holding up the scene is podcasts about old music or stories. There’s nothing groundbreaking being created anymore.
 
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