The Prophet of Pop

The Prophet of Pop

Warner Music Group loses 18 million

Last week it was reported that Warner Music Group lost 18 million dollars over the last three months of 2010.  While this is just the latest in a long story of how record labels have struggled to meet the digital age, it is significant because Warner is huge and it is the last publicly owned major label.  To get a scope of this, just think that Warner owns Atlantic records, Sire records, Rhino Entertainment, and that is without even touching the Warner Nashville line-up.  The losses came despite recent success from Kid Rock, Michael Buble, and Bruno Mars.

While it remains to be seen what Warner’s next move will be, one item up for discussion is selling off the individual labels.  It is worth noting for Christian music fans that they own Word Label Group, along with many Christian artists including recent GRAMMY winners Switchfoot.
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posted February 18, 2011 at 11:51 pm

I love the “feel” of a physical CD, but the major record companies had better get out there and re-envision their industry, or they will be toast.
… I kinda just wish for both the democratization of music (less DRM crap) along with an explosion of places where I can get good music recommendations (not the canned lists of songs foisted upon us by radio stations paid off by the labels) and a vibrant regional live concert scene.
That’s it. Should be easy. *coughs*

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Ash Greyson

posted February 19, 2011 at 2:31 pm

Music has been de-valued to the point where a good song is merely just a trailer for a concert experience. This is why concerts are so expensive because that’s the only way most artists make money. If I was a new artist I’d fight to keep all my publishing, touring and merch to myself and GIVE the label 100% of music sales. This works because they will promote the heck out of it and you’ll get the ancillary benefits from that promotion.

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The Prophet

posted February 22, 2011 at 2:13 pm

Major label artists don’t see much money at all from album sales until they have several successful releases, so that is pretty much the case either way. Good luck keeping those publishing rights though… yikes.
The problem with the democritization of music is that now there is literally so much music out there. Artists can’t even give away their music for free to get noticed anymore. It wouldn’t be so bad if 90 percent of the groups weren’t terrible.

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posted February 23, 2011 at 12:00 pm

One of my favorite artists jamie grace a christian singer/songwriter use to have hundreds of songs on her youtube page just signed with gotee records and now all of the videos are gone, seriously? im still going to purchase her music but im not going to get as excited about it anymore. sad i hope and pray she doesnt let the industry silence her….

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Stephen Russ

posted February 23, 2011 at 12:10 pm

Yikes!! I hope that decision will help her in the long run, but I can’t say that my experience with labels has been great. Too much money and too little art for my taste.
You would think they would leave up some of the videos though! Geez.

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