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Good Morning. Welcome to Mi2N's B2N, Business Net News
The Largest, FREE Source of Business & Technology News
Media Sponsor of TextOneZero, The Digital Book Industry Conference
New York Marriot Hotel, Brooklyn, NY - May 22-23, 2001
http://www.textonezero.com/events/ny.asp
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Editor-in-Chief: Eric de Fontenay
mailto:editor@mi2n.com
Publisher: Tag It
http://www.taggin.com
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~~~~~~~~~~~~~~~INSIDE~~~~~~~~~~~~~~~~
* NEWS HEADLINES
* READER FEEDBACK
* Mi2N NEWS PARTNERS
* Mi2N INFO
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THE INDEPENDENT MUSICIAN'S CONTACT BIBLE
The Indie Musician's Number One Resource...
The contacts listed are music reviewers, radio programmers
and vendors from around the world that will listen to your
music, and if they like it, will present it to their readers
and listeners. The Independent Musician's Contact Bible will
show you where to promote your music, regardless of your
musical style, and save you MONTHS of valuable time!
http://www.musicdish.com/indiebible.htm
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~~~~~~~~~~~NEWS HEADLINES~~~~~~~~~~~
=> MUSICMATCH INTRODUCES NEW JUKEBOX WITH INTEGRATED
MUSIC SUBSCRIPTION SERVICE; Debuts Radio MX, "Near
Music-On-Demand" At CD Quality
http://mi2n.com/press.php3?press_nb=22211
=> MUSICMATCH ANNOUNCES MUSIC SUBSCRIPTION STRATEGY;
MUSICMATCH Radio MX Will Be Extended To Provide On-Demand
Music Service
http://mi2n.com/press.php3?press_nb=22210
=> MUSICMATCH IS THE EXCLUSIVE CD LISTENING PARTY HOST
FOR THE HIGHLY-ANTICIPATED NEW GO-GO'S ALBUM; During This
World Premiere Event, Go-Go's Fans Will Hear The Entire New
Album One Week Before It's Available In Stores
http://mi2n.com/press.php3?press_nb=22209
=> K'OTIC RECORDS INKS DISTRIBUTION DEAL WITH BUNGALO
RECORDS/UMVD; Don Miles, President And CEO And Jon Divens
Esq., Head Of Business Affairs Of K-otic Records, And Paul
Ring, CEO Of Bungalo Records Have Signed A Distribution Deal
http://mi2n.com/press.php3?press_nb=22199
=> ATLANTIC GETS IN THE RING WITH ROPEADOPE LABEL; FIRST
ROUND BELL TO SOUND WITH DJ LOGIC; "THE ANOMALY" DUE IN
STORES ON MAY 22ND
http://mi2n.com/press.php3?press_nb=22229
=> DIGIMARC ADDRESSES SECURITIES CLASS ACTION
LAWSUITS REGARDING UNDERWRITER COMMISSIONS; Digimarc
Corporation Announced Today That It Has Become Aware Of
Several Securities Class Action Lawsuits Filed Against It
http://mi2n.com/press.php3?press_nb=22228
=> SONGWRITERS DIRECTORY SPONSORS MUSICDISH SONGWRITING
SURVEY/REPORTS; Reports Provide Unique Opportunity To Reach
Songwriting Professionals And Businesses
http://mi2n.com/press.php3?press_nb=22232
=> MAY CALENDAR; CAL. LAWYERS FOR THE ARTS; Litigation?
Mediation? Arbitration? / Grant Writing For Artists And Arts
Organizations
http://mi2n.com/press.php3?press_nb=22226
=> LUGZ FOOTWEAR & KRS-ONE TEAM UP TO DE-CRIMINALIZE HIPHOP;
LUGZ Footwear Announces A Sponsorship Pact With Legendary
Rap Artist KRS-One To Bring Forth An Event Celebrating The
Worldwide Phenomenon Known As Hiphop
http://mi2n.com/press.php3?press_nb=22225
=> KUSHNER NAMED SENIOR VP, BUSINESS & LEGAL AFFAIRS; Mr.
Kushner Joins Atlantic From The Island Def Jam Music Group,
Where He Held The Same Position.
http://mi2n.com/press.php3?press_nb=22231
=> FIRST ANNUAL LATIN DMX MUSIC AWARDS LETS MUSIC FANS
DETERMINE WINNERS VIA ONLINE VOTING; To Celebrate May As
Latin Heritage Month, DMX MUSIC Will Present This Exclusive
Two-hour Audio Tribute In Spanish To The Hottest Latin
Musicians Of The Past Year
http://mi2n.com/press.php3?press_nb=22227
=> ESYNCH TO EXHIBIT AT CONTENT WORLD, MAY 16 - 18, 2001;
ESynch Corporation Today Announced It Will Exhibit At The
Content World 2001 Conference And Exposition, May 16 - 18
http://mi2n.com/press.php3?press_nb=22224
=> NAPSTER ON ACOUSTIC FINGERPRINTING TECHNOLOGY; What
Happens If Users Choose Not To Download The New Client? Will
They Still Be Able To Use The Napster Service?
http://mi2n.com/press.php3?press_nb=22223
=> MP3.COM PACKAGE TO ASSIST PROFIT-PROMOTING EFFORTS;
MP3.com's Promotional Package Designed To Target Millions Of
Music Fans While Shining A Spotlight On Developers And
Manufacturers Products
http://mi2n.com/press.php3?press_nb=22218
=> COMBUSTION MUSIC SIGNS TWO NEW PUBLISHING/SOUNDTRACK
COMPANY CONTINUES ROSTER DEVELOPMENT; One Of Nashville's
Newest Publishing And Production Companies, Combustion
Music, Headed Up By Co-presidents Chris Farren And Ken
Levitan, Has Signed Two New Acts To Its Roster
http://mi2n.com/press.php3?press_nb=22204
=> SOUND ENGINEERS PANEL MODERATED BY BOB ROSS; Thursday,
May 10, 2001
http://mi2n.com/press.php3?press_nb=22202
=> PICK THE HITS NAMES KEITH ELLIS PRESIDENT AND COO;
Kevin Mcgrail Joins Company As Chief Technology Officer
http://mi2n.com/press.php3?press_nb=22200
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=> MUSICDISH SONGWRITING SURVEY
http://www.musicdish.com/survey/songwriter/
Enter the MusicDish Songwriting Survey and receive a free song
upload to SoundArtist's Global Pitch service, which exposes your
work to A&R managers, music publishers, producers and other
industry executives worldwide.
http://www.musicdish.com/survey/songwriter/
Visit the sponsors that are helping to give songwriters a voice:
* SoundArtist - http://www.soundartist.com
* USA Songwriting Competition - http://www.songwriting.net/tagit.html
* Songwriters Directory - http://www.songwritersdirectory.com
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~~~~~~~~~~READER FEEDBACK~~~~~~~~~~~
HYPING NUMBERS: ARE 95% OF ARTISTS REALLY FAILURES?
http://www.musicdish.com/mag/?id=3734
Nice retort for the 95% argument. I think your conclusions 95%
correct. The only hole that I see, which you may want to
incorporate into future postings is that you say record companies
are "far from bankruptcy"
Applying your same understanding of economics to this statement
you would see that you are in error. Bankruptcy does not mean
that you have no money, it simply means that you cannot pay your
bills. So, if your company earns $100,000,000 gross revenue a
year but it's annual expenses are $200,000,000 a year, then they
would be eligible for bankruptcy.
Applying this philosophy we see the in fact almost every major
label is "close to bankruptcy," largely because they operate on
very narrow profit margins.
Case in point was PollyGram records which when sold as part of
the UNI package to Seagram was earning about $350 Million a year
(record division only) It was costing PollyGram Diversified
Entertainment over $290 Million a year to fund them. Likewise
the same can be said at Motown, which in 1997 earned $100 Million
gross and nearly busted Universal with overhead costs. Other
examples are Warner Brothers which costs WEA almost as much to
fund and they earn in gross revenue, (about $600 Million) and
Capitol Records which accounts for the minority share of EMGs
revenue when compared to he publishing arm of their portfolio.
All in all, very few large record companies generate large
profits for themselves, but rather act as a support function for
other areas of revenue for their holding companies. Usually in
areas unrelated to music. So, as much as I hate to agree with Ms.
Love, she happens to have a point.
- Moses Avalon
***
"Could UPN or CBS or Walt Disney survive with a 95% failure rate
for their TV and radio programming? That's like having the XFL on
for 22.8 hours of the day!"
That is a classic line and analogy! Kudos!
"The labels are in a similar position: 5% of their acts are
supporting not only themselves, but 95% of the remaining roster.
If you peel away 2% from the 'top', either that places that much
more pressure on the remaining 3% or reduces the 95% portion.
Peel away 5% and you're left with no business. In addition it is
this 5% that has brand recognition, not the labels. "
Though the math adds up, it assumes that there are no equally
qualified acts (as a Britney or Rickie Martin or Eminem or
Destiny's Child) standing in line to replace those 5% which bail
out. That is the fatal flaw with your reasoning. The only way
this scenario could come to fruition in this way is if that 5%
succeeding is the only worthy 5% out there. That isn't the case.
The case is a system where inefficiencies and political game
playing only let 5% rise to the top, and taken away, a different
and still inefficient 5% would replace them. To assume otherwise
is to say there are only those small number of quality artists
out there, and if that is true, none of the rest matters. The
other 95% of us will always fail anyway. It's a flawed system,
and any number of quality artists will rise to the top of that
system to replace the few that bail to do it on their own.
Interesting premise, and I agree with most of the article.
- Brian Austin Whitney, Just Plain Folks
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~~~~~~~~~~~NEWS PARTNERS~~~~~~~~~~~~
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CDstreet - http://www.cdstreet.com
DIGIMUSIC.net - http://www.digimusic.net
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'LA'Ritmo.com - http://www.laritmo.com
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~~~~~~~~~~~~~Mi2N INFO~~~~~~~~~~~~~~~
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