Yngwie Malmsteen released four good albums in “Rising Force” (1984), “Marching Out” (1985), “Trilogy” (1986), “Odyssey” (1988) and two average albums in “Eclipse” (1990) and the big budget “Fire & Ice” (1992) released on the Elektra label which Malmsteen switched too from Polydor and after one album on Elektra he was dropped. All other releases since then have been garbage. And it is this money machine that Malmsteen wants to come back.
Malmsteen reckons that people love heavy metal, rock and roll and guitar players, but since there is no money in the recording business there is nothing new coming out. Malmsteen believes that the new groups starting off are not going to get exposed and the fans are not going to get new music.
Umm,what about Five Finger Death Punch, a band that recorded their debut album on their own budget and then was signed in 2007 when peer-to-peer downloading was at its highest peak. And guess what, they have gone on to achieve way more than what Malmsteen has achieved in relation to sales and recognition and they did all of this competing with free.
Malmsteen’s song “Rising Force” from the Odyssey album is his highest streamed song at 1,086,887 streams. Compare that to Five Finger Death Punch’s “Coming Home” that has 12,498,946 streams.
Guess that Malmsteen hasn’t heard of Shinedown who is another band signed at the height of the piracy epidemic that also went on to platinum sales, high box office returns on the live circuit and good streaming metrics on YouTube and Spotify. The song “Call Me” has 18,423,889 streams and it wasn’t even a single.
Trivium and Bullet For My Valentine are both bands that have a similar set up. Trivium’s first album came out in 2003 and Bullet For My Valentine’s first album came out in 2005. “Tears Don’t Fall” from Bullet For My Valentine has 25,608,159 streams and “In Waves” from Trivium has 4,995,977 streams.
Volbeat is another band that is going from strength to strength in sales, streams, YouTube views and concert attendances and like Five Finger Death Punch they are another band that got signed when peer-to-peer downloading was at its highest. “Still Counting” has 29,094,090 streams.
Chevelle got a big breakthrough in 2003 which was another year of high piracy and since then have continued to be a proven performer. “The Red” has 5,492,196 streams.
In This Moment arrived in our lives in 2007 and Halestorm in 2009, with both bands going from strength to strength with each release. In This Moment even locked in a major label deal for their fifth album. The song “Whore” from In This Moment has 5,431,527 streams while “I Miss The Misery” from Halestorm has 10,263,136 streams.
There are many others like Killswitch Engage, Coheed and Cambria, Avenged Sevenfold, Alter Bridge and 10 Years that have all grown in popularity during the reign of piracy.
The band Heartist started online. They built their following online. They built a buzz online. They organised to play a gig online. It sold out. The buzz generated attracted record label interest. The buzz generated attracted prospective managers. And after that gig, the band was signed to Roadrunner Records.
Malmsteen also thinks that new bands cannot get on a tour bus or an opening act slot because there is no money machine there to invest in them.
The band Digital Summer is all DIY. They don’t have a label however their history and successes is better than bands that have been on major labels. They are constantly on decent tours. Art Of Dying is another DIY band that got a good label deal with Eleven Seven Music. Protest The Hero had the money machine behind them and then when they got dropped they finally came into some money. There are many other new bands with label support like “Nothing More”, “H.E.A.T”, “Black Veil Brides”, “TesseracT”, “Periphery”, “The Kindred”, “Black Stone Cherry”, “Red” and many more that I just can’t remember right now as I type this.
Malmsteen thinks that the biggest reason for the surge in record sales in Seventies and Eighties bands is because there’s nothing new. The truth is varied and one of the reasons is piracy and streaming services. The self-titled Black album from Metallica is available for free on streaming services, however it still sells on average 2,000 copies a week. Looks like people still want to buy what they like.
So what’s next.
Watch out for Yngwie Malmsteen asking Spotify/Daniel Ek for a pay rise or demanding that Spotify charges more for access because he is the fury.
Watch out for Yngwie Malmsteen campaigning for the return of the telegram and gated releases.
What he should focus on is creating great music again. It is a shame that his mouth gets more press than his actual music these days.