MONETISING Meet and greets replace store signings

Has the meet and greet replaced record signing appearances? Apparently so...

MUSIC INDUSTRY 2018 some pointers

This is a quick post inspired by encountering the site musicbusinessworldwide.com

UPDATE: Useful review of music video trends in 2918, including the return of mega-budgets for a handful of elite artists:

Drake’s mates and Taylor Swift’s cosplay: exploring the 2018 music video

https://www.theguardian.com/music/2018/may/19/drakes-mates-and-taylor-swifts-cosplay-exploring-the-2018-music-video?CMP=Share_AndroidApp_Copy_to_clipboard

I was looking for some info on the 1D GCSE exam case study but spotted a number of great articles on here. So here's a few pointers based on the site.

You can find a bullet list I previously did summing up some key music industry points (with many links to posts) here.

AS CDS DISAPPEAR TOURS ARE JUST THE TICKET: 1D EXAMPLE
A point I make many, many times: the traditional music industry model has been through disruption from digitisation (though it hasn't rebalanced the competition in favour of Indies; see Anita Elberse's fascinating analysis of how big 3 acts utterly dominate Amazon sales, making the 'long tail theory' seem absurd), so labels are looking for new revenue sources. Merchandise is a key factor - when I went to see The Wedding Present (UK Indie band) in Luxembourg last year, I got to chat to the singer after the gig, who was at the merch stall signing his own comic book range alongside the usual tee-shirts etc.

The likes of 1D aren't going to do that. They did sell VIP packages for gigs - something else I saw at a Depeche Mode gig, with multiple tiers including a basic that simply allowed you into the venue earlier to hear the soundcheck. I've blogged on Taylor Swift and Katy b Perry doing this, with fans paying a lot for a selfie opportunity. [meet-and-greets post]

The basic breakdown is clear though - most major artists (Indies too) will gain more from tours than album sales. Even combined with streaming (which is now bigger than physical sales and download sales combined) that remains the case. Getting onto TV ads, film/game OSTs are also potentially lucrative.

FINANCE: pay to meet-and-greet stars at gigs

Read Michael Hann's article here.

This is either despicable exploitation or a sensible means of countering the reduced revenues from record sales: the trend for pop/rock acts to offer premium gig packages which include meet and greets amongst other things. Would you pay £215 to meet Avril Lavigne and have a photo taken 'with' her (standing apart with a clearly faked, fixed grin)? Clearly for a lot of folks the answer is mais oui, but she's just one of many plying this field:

On Kiss's forthcoming US tour, for example, you can pay $1,250 (£737) for a package that includes a seat in the first 10 rows, a meet-and-greet, a photo with the band, autographs from the band, sitting in on the sound check and a selection of merchandise. A similar package for Def Leppard, who are opening for Kiss, is $750 ($441). The lower the star power, the lower the price. For example, £159 will buy you the chance to meet Michael Bolton on his UK tour – and get the inevitable photographs and array of merch.