

The music business today is a very competitive arena. Musicians starting out generally have to put in a lot of work just to get noticed. The days of getting discovered by an A&R while playing at your local pub are almost ancient history. Today's artist has to self promote using a plethora of mediums and gain a following on their own in most cases just to be looked at by a record company. (Deadmau5 (in the pic) had a 1 year world tour before signing with a major label) With all of the money lost by the recording business from the digital revolution they have no money to waste on taking big risks on artists. You have to prove yourself marketable first. Many artist have smartened up and realized that if they're going to do all of the due diligence to get signed they might as well sign themselves and not give up 85% of their profits. Many artists today start their own labels and/or do limited partnerships with larger labels. http://www.musicbizacademy.com/articles/cs_survival.htm Doing this allows an artist to keep more of their money and royalties while also having the backing power of a larger label to get them into better venues. Once recognized many artists are also becoming multi talented entrepreneurs starting clubs, restaurants, clothing companies, etc.
YouTube has also been monumental in getting new artists noticed. MTV, BET, and VH1 have found that reality television is a better profit engine and have almost dumped music videos all together. http://latimesblogs.latimes.com/showtracker/2010/02/mtv-drops-music-television-from-its-logo.html YouTube fills this void at the present day. All of these differences in the music industry have companies scrambling to make changes that will keep their profits up. I personally like the way things are going today because it puts more money in the pockets of the talent and also makes it easier for the average person to get their music exposed. I believe that music is wonderful and that everyone should have an opportunity to share their art to the world.



