What Dras said and Fing Concert Prices are CRAZY
Piracy, Independent musician distribution
Seth Godin has been ranting about this for years. Short version: the music industry was an industry in which for many years, an idiot could make money
- major format changes every few years forced everyone to rebuy music they already owned.
- major publications devoted themselves to publishing reviews of your product
for free. Yes Rolling Stone still exists, but circulation of print journals has cratered and, everyone I know that still reads Rolling Stone does so because it has great political coverage, but crappy music coverage these days.
- an entire media was devoted to advertising your product by broadcasting samples 24/7 but in a way that made it fricken impossible to get what you really wanted
In this climate, concerts were loss leaders. They were meant to lose money which would be recouped by driving album sales.
Seth points out this is turned on its head. People are outraged that they would have to *pay*, yes actualy *pay* for recorded music, but at $250/ticket, Springsteen sold out the Montreal Colliseum for three nights within a matter of minutes.
So concerts are a profit center, not a loss leader and they may be the only profit center.
Also, as Dras, RC and everyone said, push media is dead. I think that "music" is becoming a niche market. Basically old farts sit around listening to the same crap they listened to in their teens and 20s, and a tiny number of true fans are out exploring and finding new music.
For myself, I find I rarely even listen to music anymore. Most of the time I'm listening to talk radio or a podcast. 25 years ago "public radio" was "classical and jazz radio" now it's "talk news radio" and dropping music programs all over the place.