There once was a time when the release date of an album was exciting.
For our favorite artists we knew when the last album came out and when
the next album was due. If you loved the artist you bought it. If you
didn't you either bought the single or you listened to the album with
your friends and then decided. As the price of records and then
CDs increased year by year, spending 20 bucks for a CD became a
purchase you needed to be sure of rather than a no brainer or impulse
buy.
Then free became an option.
Then aggregating almost unlimited free music on a PC and then an IPOD became easy.
So here we are in 2008 and the only given in the music industry is that CD sales have and will fall. And fall. And fall.
Reading
last weeks billboard, something interesting popped out at me. The song
Low Rider by Flo Rida sold 467,000 units in a single week. There were
27 digital singles that sold more than 100k units in that week. The
obvious trend continues that people are ready, willing and able to buy
singles of songs they like.
So the question arises, why don't
artists serialize the release of songs ? Why not create a "season" of
release of songs, much like the fall TV season and promise fans that
Flo Rida is going to release a new single every week or 2 weeks for the
next 10 weeks ?
Sure, its not easy to come up with a great
song every 2 weeks. But isnt that exactly the same problem you have
with an album ? Maybe thats not the "creative process" for certain
artists. That's a problem for them.
What we do know is that
music fans will spend 99c and that its easier to ask them for 99c a
week than it is to get 9.99 at one time from them for 10 songs.
Serializing
the release of music also allows for the marketing arms to be in
constant touch with sales and radio outlets. Rather than having to
initiate marketing plans and hope to reinvigorate the interest in an
artist, it becomes a digital tour that never ends.
If an
artist commits to release music on a weekly or bi weekly basis, then
consumers can make a commitment knowing they are going to get something
new and hopefully exciting for their 99c. If the commitment is strong
enough its feasible that artists could sell subscriptions to their
serialized releases. My guess is that consumers will feel better about
subscribing to an artist and getting a song a week or every 2 than
dropping 10 dollars at a time for an album.
In reality thats
exactly how I buy my music right now. I dont do it by artist. I go to
ITunes and I go through the top 10 lists and listen to samples and
thats how I determine what music im going to buy.
If there was
an option when I bought a single to subscribe to an RSS feed that would
send me a sample of that artists song when they released a single, I
would add that RSS feed to my browser. Add a 1 click to buy, and
chances are Im going to buy a lot more music.
Is this idea
so great Im going to start a music label ? No chance. I wouldnt get in
the music industry if you paid me. However, as a customer and a buyer
of music , if I knew that my favorite artists were releasing music
weekly, i would certainly check by every week or listen to what was in
my RSS aggregator to see what new stuff they had for me.
Consumser
are buying music 1 track at a time. I think people will pay 99c to get
a single rather than steal it. I think people would rather steal a full
album rather than pay 10 dollars or more for it.
Labels need to make the effort to get artists to deliver in a manner that realizes these perspectives.
The album is dead.
Mark Cuban
This piece was originally published on Mark's blog Blog Maverick and is posted on DMW with the author's permission. Mark's bio can be viewed here. The views expressed in this post are the author’s own, and do not represent the views of Digital Media Wire.
Flickr Photo By Kill Pop
Comments
Sort of correct - but the punchline's wrong
more correct than you think - even if the punchline is wrong
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