NYT has a very interesting article today about the new deals being inked with bands by the dying labels. The labels are looking to diversify, in other words, to get a cut from all of the other money making revenue streams for bands: merch and concerts. This is in exchange for more upfront financial support so these kids can eat.
So, I may take my fair share of free mp3s, but almost all of my disposable income goes to shows. Get the picture? Just as record buying plummets, concert ticket sales soar- so it’s really all the same, right? Not really- now a band has to go through a grueling recording schedule into an even more brutal touring schedule. Rough stuff. And then this can probably all be linked to to rise in canceled shows (more shows to do…leads to exhaustion…drugs….etc.).