POLL: Who Holds The Power in Music 2.0?
Last Week, Madison Square Garden tool an equity Irving Azoff’s Frontline Management. (Variety) The Eagles, Jimmy Buffett, Neil Diamond, Van Halen, Fleetwood Mac, Christina Aguilera, Stevie Nicks, Aerosmith, Steely Dan, Chicago and Journey are all among Front Lines’ growing list of 250 plus management clients.
With label power declining, are managers the new music industry power brokers? Or are agent or perhaps the artists themselves in control? Cast your vote.
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Managers have been the driving force in the digital realm in terms of trying new models and/or forcing the labels their artists are signed to to try them.
However, artists/managers clients are still continually short changed in terms of music 2.0 and income from digital. Labels still call digital new media and so only pay artists 50 percent of normal royalty rates and then also have the audacity to charge artists 10 -15% packaging deduction for breakage??? Digital and breakage?
Check out this article for a more in depth analysis.
http://themusicvoid.wordpress.com/2007/12/05/black-box-income-the-digital-black-hole-so-what-incentive-is-there-to-be-an-artist-anymore
Be good to get your thoughts.
Cheers,
Jakomi