"Playing In The Big League"
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Music Publishers |
Want to play with the big boys of the music world? You better check the stats first.
The music business is much like any other business, with its punishing, unforgiving, and vicious statistics.
Success rate in music business, in any other business for that matter, is around 3-5%; 1 in every 25. Even with loads and loads of cash, it's a difficult proposition. It's like throwing good money to a bad venture.
Think you got a stable of musicians that will make the odds better for you? Sorry, same statistics: 1 in every 25 artist, and that includes groups and/or boy bands, ever make it to the top. Another sad fact: one-hit wonders are included in that sight-for-sore-eye figure. The rest are a bunch of airplay garbage.
If you are planning, and hoping, to put up a successful record company that releases the ear-candies that people are willing to pay for, heads up -- there is plenty of work to do. And part of that is working the connection (or insider) avenue to the who's who of the music world…most specially the people behind the success of the music and the artist.
Yes, part of establishing yourself and hitting pay-dirt to grow your roots is playing and dancing to the music of recording world politics.
Once you can sway to the staccato beat of this political hum, there is plenty of work yet to be done. And that includes forming your team. You and your team will shape the platform where artists are launched and your profits hit sky high.
Nice? Hold on to those dreams, brush up on your business books and music world economics to increase your chances of success…go ahead, offer that talent scout a drink or two to announce your arrival to the music world arena.
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Brian Cook is a freelance writer whose articles on music and songwriting have appeared on many websites.
You can find more of these at SongwritersGuide.com.
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