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Thursday, January 13, 2011

How To Make Money At Music

94.9 KUOW/Seattle's Steve Scher snagged consultant Jaye Albright with a teaser to his show Wednesday:


"...industry analysts and executives have bemoaned the imminent death of the music industry ever since the birth of the Internet. In reality it's only the record business that's in peril. Album sales once built musical empires. Now touring is the cornerstone of an artist's financial success. Bands who make the road their home are not just insulated from the drop in record sales — they can be profitable! How can you succeed in the modern music industry? Tune in to find out."

The podcast is worth a listen as local booking agent Ali Hedrick talks about the end of record labels and the beginning of management companies/360 deals. Ali brags that she always tries to have tickets to her events available at venues so fans can buy them with no service charges as well (though of course the majority of tickets still sell including "convenience" charges).


Hat Tip to Jaye's Breakfast blog.

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