This week on MusicThinkTank, we see if you have what it takes to be a successful musician in the new millennium, different ways to keep the hype up after your show, why you need to watch out for the controlled composition clause, as well as much more.
As early as the late 1960's, The Grateful Dead were putting into action the kind of fan friendly practices that are a now cornerstone of the new music business - fair ticket prices, open fan recording of every show, not just playing a concert but creating a scene, building community and more. The band's latest incarnation has adopted this same ethos.
In a followup to an article he wrote in 2014 regarding the potential for cryptocurrency to revolutionize the music industry, recording artist/songwriter D.A. Wallach recently did an interview with Forbes in which he speaks about problems in the architectural structure of the music industry, and the need for a distributed registry.
This week on MusicThinkTank, we're looking at retro promotion techniques that still hold up, how you can identify if your music is really good enough to release, and what to do in order to set up a top notch studio, plus much more.
While musicians are often advised by their fellow artists to keep their own publishing, such an approach is no longer especially applicable in the modern music economy. It is more important that artists develop a solid understanding of where exactly publishing revenue comes from, and how to deal with Performing Rights Organizations.