EMI says recording industry is doomed (Full Version)

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cyberdude611 -> EMI says recording industry is doomed (10/8/2007 3:00:58 PM)

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/10/07/cnemi107.xml
 
--------------------------------------------------------------
From the Telegraph....
 
The new owner of EMI, Britain's largest music group, has warned that the industry will not survive if it continues to rely on CD sales alone.
 
Guy Hands, the financier whose private equity group, Terra Firma, bought EMI in August, told staff in a confidential e-mail last week that the industry had been too slow to embrace the digital revolution.
 
Hands' letter was in response to the decision by Radiohead, one of the biggest bands nurtured by EMI but now out of contract with the label, to release their latest album via the internet and at a price decided by fans.
 
In the e-mail, sent to staff on Friday, Hands described Radiohead's action as "a wake-up call which we should all welcome and respond to with creativity and energy".
 
"The recorded music industry... has for too long been dependent on how many CDs can be sold," he wrote. "Rather than embracing digitalisation and the opportunities it brings for promotion of product and distribution through multiple channels, the industry has stuck its head in the sand."
 
Many record label bosses believe it is the duty of successful bands to stick with the companies that nurtured them so that their earnings can subsidise new talent. However, bands complain that too much of their money is used to subsidise lavish lifestyles for label bosses.
 
Hands is understood to have been surprised at the size of salaries paid to second-tier executives. On Friday he warned that unless there was a major cultural change, more established bands could follow Radiohead's lead, choosing to cut the label out of the loop and distribute their music directly to consumers.
 
EMI's biggest names include Robbie Williams, Joss Stone and David Bowie, all of whom are established enough to adopt the Radiohead model.
 
With bands' revenues from playing concerts and festivals overtaking their income from CD sales, the decision to break free has become less risky.
 
"Why should they subsidise their label's new talent roster – or for that matter their record company's excessive expenditures and advances?" asks Hands.
 
Radiohead's decision came in the same week that indy -legends The Charlatans decided to give away their new album over the web, also without help from a record label. Tim Burgess, the Charlatans' lead signer, told The Sunday Telegraph: "I want the people to own the music and the artists to own the copyright. Why let a record company get in the way of the music?"
 
Hands suggests moving away from the model of paying large advances – Robbie Williams signed an £80m deal with EMI in 2002 – in exchange for the label's right to keep the majority of the takings from new releases. Instead, labels could simply subsidise the making of an album or the beginning of a tour in exchange for a share in the profits – or losses.
 
Hands is understood to have been impressed by the inventiveness of EMI's music publishing division, which owns the copyright to songs, in making money from new sources. It has licensed lyrics to be printed on jeans and posters and music videos to be played on YouTube.
 
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/10/07/cnemi107.xml



ChicagoSwitchMal -> RE: EMI says recording industry is doomed (10/8/2007 3:34:59 PM)

A step int the right direction! Nice!



farglebargle -> RE: EMI says recording industry is doomed (10/9/2007 5:17:57 AM)

EMI has nothing to do with the Recording Industry. They are in the DISTRIBUTION AND MARKETING business. Regardless of what happens to the business of printing records, and selling them, the RECORDING INDUSTRY will continue to provide the services they always have.




pahunkboy -> RE: EMI says recording industry is doomed (10/9/2007 5:22:06 AM)

Payola scandal was never totally resolved



Absolutemaster -> RE: EMI says recording industry is doomed (10/9/2007 5:25:12 AM)

quote:

ORIGINAL: cyberdude611

From the Telegraph....
 
The new owner of EMI, Britain's largest music group, has warned that the industry will not survive if it continues to rely on CD sales alone.
 



Translated to read:  "The new owner of EMI, Britain's largest music group, has warned that the gravy train will not survive if it continues to rely on CD sales alone.



Politesub53 -> RE: EMI says recording industry is doomed (10/9/2007 6:26:28 AM)

quote:

ORIGINAL: farglebargle

EMI has nothing to do with the Recording Industry. They are in the DISTRIBUTION AND MARKETING business. Regardless of what happens to the business of printing records, and selling them, the RECORDING INDUSTRY will continue to provide the services they always have.




EMI is in the recording industry, two groups with them spring to mind instantly. Iron Maiden and Pink Floyd. If anything EMI were at the forefront of recording in the UK.



farglebargle -> RE: EMI says recording industry is doomed (10/9/2007 6:58:12 AM)

You're thinking of Britannia Row Studios ( for Floyd ) and Battery Studios ( Maiden ).

That's the place the performances were RECORDED. They will always have customers, regardless of whether EMI is getting a piece of the action.




Alumbrado -> RE: EMI says recording industry is doomed (10/9/2007 7:35:51 AM)

EMI Group consists of two major divisions under one corporate umbrella... EMI Music (recording labels), and EMI Music Publishing.



mefisto69 -> RE: EMI says recording industry is doomed (10/9/2007 10:16:42 AM)

I guess they woke up a bit late. Moving away from the big companies has been going on for more than 25 years. Building your own studio is very affordable. When the computers got powerful and the storage capacities kept pace - digital audio recording Boomed and goodbye/good riddance to the big companies. Youngsters buy one song at a time and personally..$18 for a new CD is a big RIP. Musicians don't even have to press CD's anymore....throw it on the net and let it fly....it's all profit for the composer/recorder - as it should be.



Politesub53 -> RE: EMI says recording industry is doomed (10/9/2007 11:46:42 AM)

EMI had a recording studio in Abbey Road. They also owned parlephone records, black and white sleves if i remember right. Pink Floyd recorded "Dark Side of the Moon" and "Wish you were here" before they bought Brittania studios. I think both were recorded in Abbey Road.

While i am on about Floyd, i wonder if George Bush ever hear the LP " The Final Cut ". There is a track called " Keep your filthy hands of my desert "  [8D]



slave2uX -> RE: EMI says recording industry is doomed (10/9/2007 3:01:29 PM)

for me it is just the stupid cost of a new cd that makes you think twice about buying them.
which is why i buy most of mine from online sources (as well as downloads).

the high pricesis one of the reasons why the independent shops are disappearing, which is a big shame.

while it is possible for the artist to release lps online, for them to be successful the band has to be known already. so it works for radiohead, it is not going to be quite as good for circulus.



Aneirin -> RE: EMI says recording industry is doomed (10/9/2007 4:48:25 PM)

In industry,it is a known fact that they have to move with the times or die, this is pretty much a hard rule,except for certain industries of a specialist nature.But with industries in themselves, it is possible what they do will no longer be required either through obselesence or cost.So many industries of the past have enjoyed their heyday, then declined and sunk forever.As to the recording industry, to me, that is to do with move with the times, I do think perhaps they in their position have rested on their laurels either through blindness or arrogance, their fault.



farglebargle -> RE: EMI says recording industry is doomed (10/10/2007 12:01:29 AM)


quote:

ORIGINAL: Politesub53

EMI had a recording studio in Abbey Road. They also owned parlephone records, black and white sleves if i remember right. Pink Floyd recorded "Dark Side of the Moon" and "Wish you were here" before they bought Brittania studios. I think both were recorded in Abbey Road.

While i am on about Floyd, i wonder if George Bush ever hear the LP " The Final Cut ". There is a track called " Keep your filthy hands of my desert " [8D]


Past Tense. OWNED. Currently, EMI has very little to do with the actual practice of Recording. My point is that when the labels are just a bad memory, the folks who actually do the work of Recording will still be around.




Alumbrado -> RE: EMI says recording industry is doomed (10/10/2007 12:09:54 AM)

[sm=biggrin.gif][sm=biggrin.gif]

quote:

EMI Music’s record labels include Angel, Astralwerks, Blue Note, Capitol, Capitol Nashville, EMI, EMI Classics, EMI CMG, EMI Televisa Music, Mute, Parlophone and Virgin.

...The company’s roster includes music legends such as The Beatles, the Rolling Stones, Pink Floyd and Mstislav Rostropovich; superstars like Norah Jones, Robbie Williams, Gorillaz, Coldplay, Keith Urban Utada Hikaru and Joss Stone; breaking acts from around the world including LeToya, Cherish, 30 Seconds To Mars, Dem Franchize Boyz, Trace Adkins and Dierks Bentley from the US, Raphael and Diam's from France, RBD from Latin America, Radja from Indonesia and KT Tunstall, Corinne Bailey Rae, The Kooks, and Lily Allen from the UK; plus some of the world’s finest classical artists including Nigel Kennedy, Simon Rattle, Itzhak Perlman and Angela Gheorghiu.


http://www.emigroup.com/About/Overview/Default.htm


http://www.emigroup.com/NR/rdonlyres/2E1F387A-CFDB-4DF7-A894-A7E52B701E40/0/Musicrevenuelicenceflows.pdf



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