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However, note the context here: You are reading about the thoughts of a musician long past their prime. They have created vast wealth at one point in time, and
by Justsignedup 13y ago
However, note the context here:
You are reading about the thoughts of a musician long past their prime. They have created vast wealth at one point in time, and now they only have the records to really keep them going.
Vast availability of music DOES NOT MAKE MONEY FOR ARTISTS unless the labels are 100% cut out. Even then the numbers are small. They won't make minimum wage.
HOWEVER... vast availability of music WILL increase their concert attendance. Which means -- $ for the musicians.
This is why old timer musicians from an age where record sales were the way to make $$ will be against the new order of things. Pink floyd is not currently in the business of selling out madison square garden every night of their visit to new york.
NOW I do not necessarily know which way is the better way. In fact I prefer freely available music online and concerts. However I am not in a position to make the call :P
- tptacek 13y agoPink Floyd makes galactic sums of money from concert appearances. The average Merge Records artist does not. Lowery addresses this in his post.
- dylangs1030 13y agotl;dr - Pink Floyd was in that business, actually, when it was still an active band. Pink Floyd used to routinely sell out everywhere - they almost define the term "progressive rock". It's not fair to say they're not in the business of selling out Madison Square Garden - they're not technically in business at all anymore. They still earn royalties but David Gilmour is his own act now.
- gadders 13y agoNew musicians have to sign "360" agreements with record companies, which means the record company gets a share of merchandising, concert receipts etc.