Music Marketing

New Music Seminar NYC: The Are No More Excuses

NMS_2009_-logo "The cream is clearly not rising to the top. The New Music Seminar has been resurrected to help correct this problem and to discuss and share the many new initiatives that will empower developing artists with new music tools."

– New Music Seminar co-founder and Tommy Boy Record's owner/founder, Tom Silverman

(UPDATED) It was probably a lighter crowd than hoped for at New York University's Skirball Center for the
relaunch of The New Music Seminar.  But the audience in the half full
theater was evenly split between artists and indie entrepreneurs and
all came ready to learn.

Courtneyholt
During the keynote Q &A, MySpace Music President Cortney Holt
shared that analytical tools for indie musicians to better understand
their activity on MySpace are right around the corner. Beginning before
the end of the summer, we should see the start of a roll-out of
analytics followed by other marketing and sales tools.  After seeing
Cortney in action several times now, I'm increasingly convinced that he
sincerely wants make MySpace Music a better experience for both fans
and musicians.  Whether or not his Viacom and major label bosses will
let him, is a story for another day…

Throughout
the day, panel after panel explored the expanding world of the musician
without major label support. The message that it can be done outside of the label system  wasalso
clearly matched with the reality that it can't be done alone.  Fortunately,a growing number of companies and services are offering sophisticated
technological help and marketing expertise for an artist or small label
to compete in the modern music marketplace.

Other important takeaways:

  • "If the music is bad, none of this shit matters". – Vin Rock of Naughty by Nature

  • Use social networking and all the free tools to build an audience, but only be in as many places as you can be in well.
  • Control all of your rights (publishing, recording, etc.) so you can turn on a dime to get things done like give music away or license to a TV show.
  • "Giving away music should not be thought of as a a loss leader, it's called marketing in an attention economy." -  Mark Ghuneim of Wiredset and Trendrr
  • "Stop being self conscious about being an artist."  – Pandora's Tim Westergren. He also hinted that his service will beging offering artist analytics soon.
  • "It's time to start a revolution." – Tom Siverman

The next New Music Seminar will take place in Chicago on October 6th.

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    2 Comments

    1. Ghuneim’s quote is dead-on. you MUST factor in the opportunity costs involved and stop waiting for the $$ to show up. as an artist, you should want to get your material in as many ears as possible ..make the money back at your shows (assuming you know how to do that..)

    2. I accept the free music as the reality (although I know musicians who can still sell quite a few CDs at shows, even at the price of $15 each).
      It’s not worth trying to fight it the trends.
      But I am looking at some situations where the artist has widespread online exposure and fans but I’m not sure it will translate into any sort of income. The big reason: lots of young fans who love the music, but don’t feel the need to buy anything. They can see the videos and listen to the music online, and that is sufficient for them.
      And even if they would want to go to a show, there aren’t a lot of all ages venues, so they can’t get into many shows in smaller bar-type venues.
      I’ve very eager to see real financial numbers from as many bands as possible. A lot of up-and-coming buzz bands get talked about but never earn enough to quit their day jobs.

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