Tuesday, October 22, 2013

4 Myths About the Music Industry

You need expensive equipment to make a good record.

I can attest to this falsity of this myth myself, being that I am an aspiring music producer. Say about 30 years ago, this might have been more accurate. However, thanks to the technology that we have today, it is possible for a person to make a hit record in the comfort of his or her own house. Juicy J, hip-hop artist who made the club hit “Bandz A Make Her Dance”, said on an interview with Power 98 FM, that the record was done in a girl’s apartment. All one needs to make a decent record today is a running computer, a Digital Audio Workstation (DAW), and some talent.

You have to get a record deal to be successful

Although this might be true for a few genres of music (such as pop) you should not by any means think that you need to be signed to a label to be successful in this industry. As mentioned in the first myth, a few years back, you might have needed to go to a studio with all of the top-of-the-line equipment to make a decent song, and people needed access to these studios. Record labels paid for the studio time for the artists that were signed to them so they didn't have to worry about how to come up with that money. In this day and age, there is software that produces just about the same quality of sound as a million dollar studio would. One of the key benefits of being independent is that you own All of the music you make, and also you own 100% of the revenue.

Record labels take advantage of their artists.

Although some record labels do unfortunately prove this myth wrong, this statement is somewhat exaggerated. A lot of record labels are still in the business of discovering musical talent, and maximizing the full potential of that talent. However, are a few sharks in the music industry that are money hungry and are ready to prey on young, inexperienced artist who have not the slightest clue about the business of music.

All recording artist are millionaires

Yes, most of the artists in today’s music industry start off with several millions of dollars when they start off with their recording contracts. However, there are several things that come out of that check such as taxes, bills, cars, family, etc. A lot of artists go beyond their means of living just because they see that large amount of money that they see on their first checks. They have to get the biggest houses, shiniest jewelry, and nicest cars. As a result, they end up spending more than they really have, and unfortunately end up going broke. There are just a few artists like Jay-Z and Puff Daddy who actually know how to be frugal with their money and also have the business savvy to multiply their net worth. Click on the link below to see how this myth is in fact false. 

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