Thursday, June 6, 2013

The Effect of Music Discovery Websites on the Music Industry - Part 3

From the opposite point of view, music blogs and discovery websites provide easy hunting grounds for labels that are looking for the next big artist.  Being able to not only hear the music but also see what kind of reaction the community gives, and how many people follow the artist are essential tools for signing a new talent.  These artists now not only have a record deal and a large fan base, but a fan base comprised of the most dedicated and active music listeners who are most likely to provide the loyalty required for financial success.
The newest development in the utilization of these websites has been the releasing of singles and leaks from established artists.  By doing this, artists can promote and build excitement for an upcoming album, expand their fan base and its loyalty, or simply maintain their name in the industry and community.  There is no such thing as a large enough fan base, and the music community’s constantly evolving taste may produce new fans who never before had interest in an artist’s music.  Besides beginning the loyalty-building process mentioned before, blogs and music websites are “potential publicity bonanzas for artists who are mentioned and recommended” (Revised & Updated 2003).  Artists may leak a song from an upcoming album to the blogs to build anticipation and excitement for their name, the upcoming album and the song itself, and then release the song for purchase as a single a month later. Advanced audio software allows artists to do things like this as well.  A song that’s free to listen to and download undoubtedly will receive more attention than a song that must be paid for and only offers a small snippet as a preview. The talk surrounding the song and artist after a free release may convince those not involved with blogs to purchase it.  After the song has spent time circulating and building anticipation, the release of the full album will be much more notable and have a much larger number of potential consumers. 
An example is the rapper T.I., who over the course of two months leading up the release of his recent album “No Mercy,” leaked a total of five tracks from it and built a massive amount of anticipation.  A similar example is the artist Kanye West, who leaked numerous songs off his recent album “My Beautiful Dark Twisted Fantasy.”  The tracks that were given to the public were mainly unfinished, yet still legitimate in quality.  When the album finally came out, though the rough copies had spent a lot of time being discussed and shared over the Internet, the finished versions kept the album fresh and were mixed in with songs not yet heard. This method of providing free music to build excitement has become an extraordinary tool for artists and labels to not only increase popularity, but also increase sales and profits that had formerly been lost to peer-to-peer networks.

The recovery from the financial damage brought on by those networks seemed impossible for the music industry.  Labels and artists alike were losing massive amounts of profit as the music they spent so much effort and money producing was being consumed for free.  After the government finally stepped in and stopped the peer-to-peer networks, the music industry and its consumers experienced a period of awkward uncertainty as to how to provide and consume music in the future.  Music blogs and discovery websites were able to act as a compromise between the profit-seeking record labels and the penny-pinching consumers, simultaneously providing the same community for listeners and a marketing utopia for the big businesses.  These numerous websites’ ability to produce an ever-growing audience with an evolving taste in music, provide an unprecedented global stage for aspiring artists, and create the ultimate marketing and publicity situation for established artists and their labels, has made them vital and a staple to the music industry.

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