One thing that might start happening soon is that people can start cutting out the middle man and selling their music direct to fans, for much less money. If an average act is making about £1 per album through a record company they may find that selling an entire album online for download for £2 or so makes it a price that people are willing to pay, just cut out the middle man and the budgets can be so much lower without massive marketing overheads.
I think it's actually worse with film than it is with music. A very small number of people with a small budget can make great music in their homes, but with TV and movies the required budgets are much higher, and these days people are just as happy to steal films as they are to steal music. DVD sales are already a massive source of revenue for film companies. On the other hand, we might get a much higher number of lower budget movies, which might actually increase the quality.
It's a very exciting time for music I think.... certainly talking to the guy from my bro's (small indy) record company there are some very interesting challenges. Major labels are apparently starting to ask for points in gig revenue when they sign bands because they are so worried about music sales.
I think it's actually worse with film than it is with music. A very small number of people with a small budget can make great music in their homes, but with TV and movies the required budgets are much higher, and these days people are just as happy to steal films as they are to steal music. DVD sales are already a massive source of revenue for film companies. On the other hand, we might get a much higher number of lower budget movies, which might actually increase the quality.
It's a very exciting time for music I think.... certainly talking to the guy from my bro's (small indy) record company there are some very interesting challenges. Major labels are apparently starting to ask for points in gig revenue when they sign bands because they are so worried about music sales.
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