Music

Universal Music Reviving Vinyls With Crowdfunding Service

Universal Music Reviving Vinyls With Crowdfunding Service

Forget digital music files or streaming services: Vinyl is back. Well, it’s re-emerging at least for fans of Universal Music’s catalog of albums. UVinyl — Universal Music’s vinyl branch — is developing a “crowd-funded vinyl service” that will release limited-edition records of old “deleted” albums if there’s enough demand. “The Vinyl Project” will re-press deleted and rare records into vinyl, and release them with digital downloads and personalized art prints. This service is reportedly going to work with Kickstarter-style crowdfunding. Complete Music Update reports that among the records being considered for release already include The Jackson 5′s “ABC,” Elton John’s “Goodbye Yellow Brick Road” and Sonic Youth’s “Goo.” Ah, vinyls: Their sweet, classic sound can grace our living rooms…

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Universal Music Reviving Vinyls With Crowdfunding Service

Universal Music Reviving Vinyls With Crowdfunding Service

Forget digital music files or streaming services: Vinyl is back. Well, it’s re-emerging at least for fans of Universal Music’s catalog of albums. UVinyl — Universal Music’s vinyl branch — is developing a “crowd-funded vinyl service” that will release limited-edition records of old “deleted” albums if there’s enough demand. “The Vinyl Project” will re-press deleted and rare records into vinyl, and release them with digital downloads and personalized art prints. This service is reportedly going to work with Kickstarter-style crowdfunding. Complete Music Update reports that among the records being considered for release already include The Jackson 5′s “ABC,” Elton John’s “Goodbye Yellow Brick Road” and Sonic Youth’s “Goo.” Ah, vinyls: Their sweet, classic sound can grace our living rooms…

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Crowdfunding disrupts record labels & the music industry

Crowdfunding disrupts record labels & the music industry

The largest providers of capital in the music business, the major record labels, have been devastated over the last decade by the disruption of their core competency: selling recorded music and investing profits into the development of new talent.  Global music sales have been contracting for over a decade, falling from $27.8b in 2000 to $16.5b in 2012. 1 It doesn’t take an economist to explain the effect: there is less cash available to fund artists. Furthermore, talent development is a high-risk business. Traditionally, nine out of ten artists who are signed do not generate a positive return-on-investment, though some labels report the fail-rate has improved to eight…

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An Interview with Mark Kelly of Marillion

Mark Kelly of Marillion

Mark Kelly knows a thing or thirty about the music industry. He’s served as keyboardist of the English band Marillion for more than three decades. Today, few musicians have his perspective on the business of music. For instance, for the last few years, crowdfunding and sites like KickStarter have been all the rage. Kelly and his band recognized the vast potential of the Internet a remarkable fifteen years ago. Marillion was one of-if not the-first group to reach out directly to its fans via the Internet. Marillion used the burgeoning platform to fund his band’s twelfth studio album, Anoraknophobia. To call Kelly eerily prescient would be…

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Amanda Palmer to Morrissey: Let me help you crowdsource your next album

Morrissey (Credit: Facebook/Perou)

Dear Morrissey, I will tell you: I am a passionate admirer of your songwriting, your singing and your recordings. I’ve bought tickets to see you lots of times. You shaped my head and my heart as a teenager, and to this day continue to impact my various artistic forays. You helped open me, you taught me that I could be brutally honest in my songs and that I didn’t need to wait for anyone’s permission. You helped teach me that I could sing about anything I wanted to. So, no matter what you are, what you do or what you become, I’ll feel forever indebted to…

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