Recorded music is more a marketing tool than a revenue source.
Sentiment: NEGATIVE
There's much more money being brought into the advertising and communications business than in the music industry.
Since the traditional recorded-music business models have drastically changed, there is truly diminished income derived from recorded music by artists - both current and catalog. The touring industry has become much more important as a majority revenue stream and the ancillary fan experiences and promotions that may be derived from it.
Music and the music business are two different things.
You know, the record business is much different than being artist on stage.
A lot of labels are hiring a lot more accountants than people that know music.
I think the music business is probably not happy with what we've done, because the people buying the record have actually got to pick what they want to buy, rather than being told what they should buy.
Because of piracy there has been a massive downturn in people buying music, which makes it more difficult for artists to make money from the sale of records.
Nowadays, with the state of the music business, for any artist, whether you're up-and-coming or you've been in it for awhile, you have to explore different revenues and different ways of expressing yourself.
There just is exponentially more money in the movie business than in the music business. As a result there are more people involved in the creative process.
Music is the one part of the entertainment business where you can't fool anybody into buying a record.