Most of us are rarely aware of the fact that we live in two worlds. One is characterized by social exchanges and the other by market exchanges. The quality of any one person’s life depends to a great extent on how adept they are at balancing the two. What do I mean by that? [...]
Continue reading...Monday, May 10, 2010
The major record labels and the RIAA could have averted a PR nightmare and saved themselves millions of dollars by hiring a few behavioral economists instead of lawyers to advise them. The basis of all human economic transactions are psychological. Our animal spirits animate markets. The lawsuits the RIAA waged against consumers several years ago [...]
Continue reading...Wednesday, March 3, 2010
A friend forwarded me this excellent article in the LA Weekly about the decline of the A&R Rep. It’s a somewhat nostalgic piece for me because I tried my hand at the music business several years ago with some friends. In the process, we got to meet quite a few A&R people. They were all [...]
Continue reading...Saturday, October 3, 2009
The degree to which the music industry has ignored the future is criminal. It’s hurt a lot of people. It’s confused a lot of Indie Music types. Including maybe you. Think about American Idol. Here’s a hugely popular show that propagates the dusty old notion that music is still about “getting signed.” That notion is a [...]
Continue reading...Saturday, October 3, 2009
Kanye West has perhaps one of the fattest egos of any human being on Earth. He was once asked what the greatest pain in his life is. He replied that his greatest pain is not being able to see himself perform live because he’s “God’s Vessel.” Let me admit that I think there’s nothing wrong with [...]
Continue reading...Monday, January 5, 2009
The reason most businesses fail isn’t because business is risky. It’s because many business people do risky and stupid things. Business, especially in the Internet age, really isn’t all that risky. Time is the main investment. I’m always shocked at the number of people involved with an indie record label in some way who don’t fully [...]
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Tuesday, July 13, 2010
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