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by chaz
4936 days ago
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I agree with the direction of your points, but not the magnitudes. Justin Bieber, Kendrick Lamar, Smashing Pumpkins, and Louis CK are already big stars who made it largely through the use of labels, and are thus bad examples. Independent artists who have made their success entirely through unsigned online distribution are much smaller in terms of popularity and monetary success. Also, it's unfair to simply assume that labels are middle men and are gatekeepers to success. They're essentially venture capitalists who reap licensing deals in exchange for large marketing investments, while providing production direction (with or without the artist on board). Compare to hands-on tech VCs who invest a lot of capital, own the majority of the equity, and provide product guidance, with or without the founders on board, who might be soundly fired. A solo artist can't really be fired, but band members have been replaced. Labels are indeed becoming less important, but they're far from dead. I don't see them ever completely dying off -- we'll just have more of them (like Google/YT itself), each with smaller wallets. Sorta like larger seed/angel rounds. Any predictions on a Series A crunch ... in music? Maybe it's already happening. |
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I agree that Smashing Pumpkins and Louis CK were already big stars, and you're right, they don't fit into that category. However, my point was that the initial successes of Justin Bieber and Kendrick Lamar were founded from YouTube videos and without them, they probably wouldn't have been discovered by record labels. Bo Burnham (comedian for those of you who don't know) found success the same way.