I read on a blog post by Seth Godin that “Book publishers make more than 90% of their profit from books they published more than six months ago. And yet they put 2% of their effort into promoting and selling those books.”
So what do you reckon the numbers would be for music?
Would it be fair to say that 90% of the income that the record labels get comes from music that came out six months ago compared to what is new.
The majority of people don’t normally purchase creative content all the time but when they do, they buy what is popular. It’s the reason why each year the “Black” album from Metallica sells. It’s the reason why “IV” from Led Zeppelin still sells. It’s the reason why “No More Tears” still sells. It’s the reason why “Slippery When Wet” still sells.
Then you have artists putting out new stuff.
Back in the MTV era, the new stuff sold well on the first week. It was marketed heavy by the record labels, all on the budget of the artist. The record labels controlled the distribution channel. So many other industries came to be because of this distribution chain. Vinyl manufacturing plants, cassette manufacturing plants, CD manufacturing plants, video clip services, record shops, delivery drivers, image consultants and so forth.
However we are living in a different era, one controlled by consumers. And the new stuff released by artists in 2017 is originally purchased by a smaller hard-core super fan group. Much like to 70’s. Then in time as word spreads, people will check out the release and keep it in the conversation. Much like the 70’s. You know that person that doesn’t purchase much creative content a year, well there is a pretty high chance they will purchased something that is popular when they decide to purchase. Like Metallica’s “Hardwired” or “Seal The Deal and Let’s Boogie” by Volbeat.
Actually Volbeat is one of those stories that you can write forever about. Death metal musicians in the 90’s. By 2000 they branched out into the Volbeat sound. By 2010 they had an opening slot on the “Death Magnetic” tour and U.S success came. “Seal The Deal and Let’s Boogie” was released June 3, 2016. It’s still in the conversation with physical sales, streams and radio spins. Even their “Beyond Hell, Above Heaven” album released April 24, 2012 was certified Gold in the U.S on March 22, 2016. Yep, 4 years after its release.
“Inhuman Rampage” by Dragonforce was released on January 9, 2006. On July 21, 2017 it was certified Gold in the U.S. Not bad for a power metal act and it happened 11 years after the album was released. “Come What(Ever) May” by Stone Sour was released on August 1, 2006 and on July 21,2017 it was certified Platinum in the U.S. Yep, 11 years after the album was released. “I Get Off” is a single from Halestorm. It was released on February 25, 2009 and 8 years later on July 12, 2017, the single was certified Gold in the U.S.
The one song I want to bring to your attention just to show how out of touch and behind the RIAA and their certification systems are is “Human”.
“Human” is a song by Rag’n’Bone Man. It was released on July 15, 2016. On July 7, 2017, a year after its release it was given a Gold certification for 0.5 million certified units by the RIAA. On Spotify, the song has 206,745,038 million streams. It was in Spotify’s Top 50 hits for six months before radio and the labels and the normal PR label press outlets caught wind of it. To put into context, Metallica’s most streamed song on Spotify is “Enter Sandman” with 166,178,415 streams.
What’s the above telling us?
Recognition doesn’t come on day one or week one or month one or year one. It percolates year after year after year until it boils to the surface. Will you be around to capitalise and monetise? Maybe, but I can guarantee one entity which will be around to monetise. The record label and the publishers. The labels/publishers via their lobby groups like the RIAA have got Copyright wrapped around their little finger so tight and they have the power/money to influence the copyright conversation even more in their favour.
2 thoughts on “Cash From The Old”
Certifications are few and far between nowadays for acts unless your Metallica and a few others compared to 30 years ago (1987) where everyone was going good in a few months…
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