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Indie Music the Real Killer for Major Labels?

Eugenia Loli (250395) writes | more than 3 years ago

Music 1

Eugenia Loli writes "After Slashdot reported on the news that music execs now blame streaming for lost revenue, I did some digging about the state of the music industry. Except the known culprits (piracy, free streaming, lack of music and business innovation, financial crisis), I found that the rise of indie music in the mainstream might be more of a cause than previously thought. In the past few weeks, 80% of Rolling Stone magazine album reviews are about indie acts, while in the '90s there was only a single indie band that got reviews (Pavement), and in the beginning of the last decade there were just about 2-3 such reviews per year. But something clicked towards the second part of the decade, and especially after 2009, there's a surge in the press pushing consumers towards indie purchases. Maybe when RIAA complains to the Government about their failing revenue and asks for stricter laws, they should show a more complete picture of music sales, rather than the sales of just a few [ex-]major labels."
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1 comment

imho (0)

Anonymous Coward | more than 3 years ago | (#35337252)

Most likely, the artists themselves have realized that major label deals are not the best for them, so they are opting for more favorable contracts.

My explanation is that it's in the best interests of small labels to promote all their artists as much as possible, while major labels generally (over-)promote only a small subset of artists that will appeal more widely. In other words, indie labels give each artist a better chance at making money from their work, but less of a chance of being Bieber-level super-stars -- which, tbh, is a good thing.
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