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-- the money myth
the money myth
over the last 6 years i keep hearing this simple statement of certain producers are making music just for the sake of money. while it may be true with the blatant commercial side but when it comes to the nitty gritty, are producers or labels actually making all this ludicrous amount of money that is envisioned by the common market or should i just say the jaded mass?
this isn't just limited to the 'common releases', a lot of the whitelabel bootleg remixes that is released are often just sneered upon as simple cashgrabs. well if it's a simple cashgrab, how is it that in order for the 'grab' to even be profitable? it has to sell like 1500? which not alot of releases do nowadays from what i've heard.
am i just imagining things or is it some musicbusiness secrets that has gone over my head? or am i just asking questions that i already answered.
anyone that has any insight or knowledge, i would love to hear about it.
Maybe they actually like what they produce and all the money talk is just bullshit..... or an easy blame.....or not...
Well I was thinking about it, and I figured that the big labels like MOS, GU, GPM, Kompakt, Cocoon, Ultra, and all those are probably making money on the music they put out. For most though, money would be derived from touring and making personal appearances. I'd think.
I would imagine when most people refer to someone making music for money, they really mean producing music soley for the purpose of getting big gigs. Big gigs like festivals, headlining clubs, tours etc...
For example:
Deadmau5 is a production machine. He was, for a time, releasing something every other week. Whether or not they sold a lot and made him a ton of cash is irrelevant, it put his name out there as a "live act" and got him a shit ton of gigs in the process.
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| Originally posted by bas I would imagine when most people refer to someone making music for money, they really mean producing music soley for the purpose of getting big gigs. Big gigs like festivals, headlining clubs, tours etc... For example: Deadmau5 is a production machine. He was, for a time, releasing something every other week. Whether or not they sold a lot and made him a ton of cash is irrelevant, it put his name out there as a "live act" and got him a shit ton of gigs in the process. |
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If one were to apply a gini coefficient to trance dj/producers, it would be fairly high(close to one). this is a determinant of equal income distribution. the big 5 potentially make as much as other esteemed artists do in one gig alone than the latter would in all of their label/production/gigging combined for the year. and these latter artists im reffering to are established artists in the "top 250" as well.
it was a shock to me that through all that proliferation of deadmau5's tracks, the small amount at which beatport said he had sold(30 000 was it??). anyways at max $2.5 per track thats 75 000 gross revenue(not subtracting the beatport fee). Just imagine what its like for average producers...
Does anyone have links to anything that may shed light on sales of various record labels?
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| Originally posted by elFreak Also before someone mentions Danny Howells, things are different now. It certainly helped that he was handpicked to open all of the Bedrock nights back in the day (he is still amazing, just saying ) |
the big $ is in publishing, not in sales.
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| Originally posted by SYSTEM-J Danny Howells has been producing since 1995. |
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| Originally posted by julien2 That's a lot of time for producing something like, what, 5 EPs ? He is primarily a DJ. [edit]: and a couple of remixes as well. |
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| Originally posted by SYSTEM-J Danny Howells has been producing since 1995. |
)
It depends on the venues, on how often you play out, etc. But a good month of gigs = a normal year of production. That's the ratio.
But you know, most djs are only attention whores. They value attention more than what's artistic.
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| Originally posted by elFreak he is not a prolific producer and has pretty much only done remixes (not "produced" by himself ) |
No matter what kind of music will be spawned in the future there will always be an audience, even if it will be a small one, that will always listen to that type of music.
There is alot of money in the market due to balance. Trance, house, techno, DnB all have and will have big followers even if they are made for different reasons. I assume everyone has a different take on this however here is my personal view:
Trance is a gateway for many into EDM and big names like Ti�sto and Armin bring in the money, of course. There are also tons of small producers out there that are trying to gain some fame.
House is, in certain parts of Europe, the definitive club-music and it is needed for producers to make tracks, but it is also much simpler to rise in this world.
Techno on which I'm not very familiar with, seems to have a more mature audience that understand the necessity of producers and purchase the music...which can be debated about trance & house.
Music is just like any other source of entertainment however its availability is much simpler. If you have an idea for a song it's easier to process it and put it in motion than if you had an idea about a movie where tons of factors enter the picture.
Everyone began first time for the love of music.
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| Originally posted by SYSTEM-J Well, how much a DJ actually "produces" rarely matters in these things. Eddie Halliwell has never produced a track and is a big circuit DJ. It's still possible, it's just much harder to become big without producing. |
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| Originally posted by Blake_Jarrell the big $ is in publishing, not in sales. |
Not only that, but also ads. Get your music into an ad and BLING !
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| Originally posted by julien2 Not only that, but also ads. Get your music into an ad and BLING ! |
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| Originally posted by SYSTEM-J I'm sure the "faux-naive folktronica" genre has exploded to meet the demands of cell phone commercials. |
Personally, I think it would be great if me producing music led to some sort of money making venture - even if it wasn't necessarily related to music production. I do tend to pay attention to aspects of its marketing, but money and notoriety are not the reason I produce music.
You need to make the music to get the gigs. You need to get gigs to make money.
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| Originally posted by DJ Damerchi the small amount at which beatport said he had sold(30 000 was it??). |
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