HolodigmMusic.com
Talent Today
R. Monahan asks:
Do you feel that there is any one act or artist already around today that could potentially rise up to being the face of our generation or are we still waiting on that star to appear? And also, if there is not anything established yet, what genre do you believe this act will rise out of?
Hartmann responds:
Every displaced record executive in the world is dreaming and scheming about how to reinvent the music industry. But, it is not the music "industry" that is suffering. It is the record "business" that is in a stew of its own making. The concert "business" is the second, and most enduring, component of the "industry" of music. The live music business will not sustain the same long-term, deleterious damage as has befallen the record business. Regardless of cost, profit, packaging, or how it is marketed, the music industry is here to stay and will be bigger than ever.
Digimodernization has fired the shot heard round the world. The transition is in motion, the industry will adapt. The evolution of it cannot be stopped. The artist and the audience are forever connected without imposition of middle-men who may have less than artistic motives. Cross cultural communication is exploding across the Internet and music is at its forefront.
Vast digital systems are hyper-linking social networks and enabling the exchange of millions of songs and videos every day. This "sharing" of music is expanding the global audience at an accelerating rate. The net result will be an increased interest in musicians and their work. The perceived values will accrue to the artistic side and the business of music will be redefined. This progression is moving at an explosive pace and the sound it makes is music.
There are hundreds of artist and repertoire services on the Internet that all offer "expert" guidance from seasoned professionals. The problem is that the expertize they purvey almost always relates to the old paradigm. There is a distinct lack of vision about exactly how to pursue the development of new talent in the music renaissance. One thing is for certain, reliance on record companies is no longer a viable option.
Newly minted Internet entrepreneurs must function within the parameters of their personal experience. This usually means finding someone to invest in the act. With very few record companies still in the artist development business, no artists get signed until they have a strong online following. By then, the potential contribution of a label is questionable. They can't guarantee much money, because the return on investment is not secure. The 360 degree formula is yet unproven; not one single act has come to prominence under this type of arrangement.
The music industry has been forced to take a digital leap backwards in order to surge forward into the new paradigm. The record business is collapsing under the weight of it's own infrastructure. This demise of the labels does not portend the end of recording as an art form. The two primary activities of the music industry will always prevail. Recording and performing are the symbiotic partners that created the postmodern record business; and they will continue to flourish as new music is discovered and shared across the Internet. The promotion will be freely generated by the global fan base.
The development of a new system for the monetization of music will endure a myriad of possibilities and some will prevail. There is a plethora of business models, some actualized and others in development. These include subscription, advertising based and bundling concepts that despite enormous investment, can at best be considered experimental. Nobody knows how the music fans will ultimately react to the sudden freedom the world wide web has provided. Their ability to choose any amount of music, from any genre, on demand at no charge must not be taken lightly.
The concept of "free" music is very powerful and deeply entrenched in the youth culture. It will not be easy to get them to pay when they are accustomed to sharing music without fees. This makes for a low threshold for entry; but immediately raises the bar for artists reaching for square two. It is easy to get into the game, but very difficult to progress. Only the most talented will build a large enough following to sustain a career. That is the way it has always been. Only ten percent of the competitors will survive as ninety-nine percent of the money is earned by this elite group.
The first level of success is survival. Artists who reach this plateau will be competing with the best of the best. One percent of them will earn ninety percent of the money. The bands that cannot generate a following through their live performances will be doomed to keep their day jobs. Their music will become a hobby, not their business. Artists who have the talent to inspire an audience and bring them back for more will have a chance to continue in the game. This will require the appication of artistic and business skill in equal proportion. Virtuoso talent combined with good theater, trmendous desire, and enormous personal effort could still produce a monumental star.
Each new enterprise will be built around a body of music that appeals to a niche market. When no genre is ubiquitous, every genre is viable. It does not matter which style of music you perform, there is an audience for every established style and there is even room for a new genre if it should emerge. Although they all follow a similar trajectory, each career has its own signature components. They all face the same obstacles and every one has to be built up from rock bottom.
The shock wave of digimodernization has not only rocked the record business, it has fragmented the fan base. As music lovers adjust to the new found freedoms and have access to every song ever recorded, they will discover the wonders and delights of the global music pool. Within the millions of possibilities there lurks some inspired artist struggling to find his voice and direction.
Although no such artist is evident and none is on the horizon, it would defy history for a superstar not to evolve. When that phenomenon arrives everyone will learn about it on the same day. There will be a roar of acclamation and affection that will streak around the planet by instant messages, tweets and friends Facebooking friends. YouTube and MySpace will light up like Christmas trees. The new superstar's web site will crash for lack of server power; and everybody with an iPod will embrace the song and choose to pay instead of "sharing" the file. This will result in the single biggest financial windfall in the history of popular music.
A hard core fan base, who discovered this artist years previously in their home town will rise up and inspire universal support. Needless to say the unknown, subject artist will make millions of dollars that day. The impact of the event will bring world-wide attention and the acclaim will be unprecedented. At this juncture the monolithic, multi-national corporations will move in and try to capture the beast.
There will be an enormous effort to try to duplicate the process in order to seize and control the golden egg. However, the new addition to the pantheon of mega stars will already be rich and famous and have no need for unnecessary partners. The success will inspire thousands of lesser stars to compete within the infrastructure created to contain the new universally appealing musical hero. Many will emulate the style and characteristics of the messiah and a new paradigm will be born.
It will only require the same measure of identity, appreciation and personal attachment that previous generations have awarded Caruso, Valli, Sinatra, Elvis, The Beatles and Michael Jackson to turn the economic tide. The fans of these artists would not have "shared" their music for free. And, although no such star is present, or even on the horizon, history shows that such a musical force always arrives at a time just like this, a time when nobody can imagine how it could possibly happen.
Showing posts with label holodigm music. Show all posts
Showing posts with label holodigm music. Show all posts
Saturday, February 13, 2010
Thursday, February 11, 2010
An Open Letter to Tommy Silverman - February 11, 2010
HolodigmMusic.com
An Open Letter to Tommy Silverman:
Hi Tom: Thank you for your gracious letter. As I had originally suspected we are almost on the same page. I was in High School when "Rock Around The Clock" started the avalanche that propelled Elvis to the big top and established rock & roll as a permanent part of popular culture.
I made my first money selling music in 1957 and have been doing it ever since. I cannot remember a time when I did not manage at least one band. Over my fifty plus years in the postmodern record business I have been fortunate to serve many artists great and small.
Today I manage a baby band called The Reflectacles, so my interest in the new music industry paradigm is not casual or merely academic. I have a real job to do building a business around this six piece Americana folk rock band that formed out of my classroom at Loyola Marymount University.
Seven years ago when I was teaching personal management at Musicians Institute a student asked me, "How would you build an act today when the music is free?" I must admit that for the first time in my life I did not have an immediate answer to a question. The Holodigm is the continuing answer to that question. After due consideration, my students and I embarked on an extensive analysis of the problem. When I joined the faculty at LMU we continued the research and development of a new music industry paradigm.
Now, six years and more than 2000 students later, we believe we have perfected a working model that the industry will follow, knowingly, or not. It is organic and based primarily on the historical trajectory and a clear vision of the future. More importantly, it deals with the broadest range of participants. The millions of bands registered on myspace.com. They all deserve a chance to compete.
The concept is presented as the first interactive, audio-visual, online text book and addresses the fact that a kid would rather watch a movie than read a book. It is a training, mentoring and coaching system for musicians and entrepreneurs that addresses every aspect of the ancient alchemy of turning music into gold. It functions on a simple mathematical formula: One Artist + One Manager = One enterprise.
The manager is the CEO of the artists company and he owns an equal share of the enterprise. Fifty/fifty partnerships a la Elvis and The Colonel for solo artists and an equal share with bands. He cannot be fired because his contracts ran out or somebody will do it for less. He is an equity owner of the business he helps build and can only be bought out at the fair market value of his shares.
All are exclusive employees of the corporation or LLC. Record producers can also be invited to join as partners since their skills will always be needed. We invited recording legend Eric E.T. Thorngren to be a full partner in The Reflectacles Music Co. ensuring that we will make world class records from day one. Everybody works for free until there are dividends to declare.
This form of partnership will ensure that everyone on the board of directors has an incentive to make the business successful. Each member has a role beyond the stage. In the case of The Reflectacles, each man is either an officer of the company or a vice president of a division. They apply the business skills they acquired in the classroom to their real life career pursuits.
How many CEOs get to indoctrinate their employees for sixteen weeks, three hours a week? Not many. But Holodigm Artists get that training before they start the arduous climb to artistic and financial success. Thy do not run blindly, lost in the fog of showbiz. Their goals are clearly defined and supported by a game plan that can be conducted at a livable pace, under their direct control.
The Holodigm is their sanctuary and provides continuous career direction as each enterprise grows. We hold no equity interest in the activities or entities produced by "Academy" and "Society" members. When appropriate, we may invite partnerships with promising talent through our professional division Holodigm Media. The business that is built will belong to those who build it.
Our staff of coaches and consultants is being implemented at this time and will provide a constant source of seasoned professional advice to our members online. Additional services and products provided below market price will facilitate production and marketing activities ensuring a faster rise to profitability. Individual successes and failures will be shared among the membership through The Holodigm Forums, Blogs, Social Network and Chat Rooms. The members, pursuing the same goals, each get to benefit from the other's learning experience. There is no template to follow; it is a real-time live experiment.
With a clear focus on the two primary activities of recording and performing, combined with effective Internet marketing, the team can build and operate its own business. The mystical fuel of "talent" drives the engine and combined with other "star" factors, like, great songs, charisma, sex appeal, hero worship, authenticity, passion and desire, they can build a fan base.
Nepotism, personal wealth, sponsorship, talent TV and personal relationships can enhance and accelerate the process. However, these are stairway to heaven possibilities that will not exist in most cases. Generally speaking, The bands and managers will have to do the work themselves.
Traditionally, investors want something for the risk they take. And that is only fair. However, during my fifty plus years in the music industry I have never seen a record company make a fair deal with an artist. And, I have never seen private investment pay off for the artist or the investor.
The money will want a permanent piece of the company. Unless they contribute something else to the artist's enterprise this will become inequitable eventually. In an industry where only ten percent of the artists will survive there won't be much venture capital available.
The Holodigm concept concentrates the artists and managers on the job of building a viable live act, in local and regional markets, around which products can be developed and sold. It focuses on do-it-yourself systems, mechanics and protocols. And, it forces the players to run their enterprise as a business without giving away equity to third party service providers.
Artists who wait for investors will be doomed to fail. Those who take action on their dreams will create their own destiny and they will reap the reward. They will own their masters and publishing and the most talented will build a permanent annuity to support them in their old age.
I totally understand the pressure you were under the day we met. I am a long time observer of your significant accomplishments and hold you in the highest regard. The work you do in support of the continued growth and development of our business is significant and necessary. In time the labels will let go of the old paradigm and embrace digital download distribution for their catalogs. And, they may even be able to buy up a few new acts as they emerge. But, it will never be the same.
The music industry is thousands of years old and will not expire under the weight of digimodernization. The record business is just over a hundred years old and will surrender to the digital sword. In the transition the business of recording will fall to the hands in which it belongs, the men and women who create music.
New artists will no longer be imposed by record company moguls or A&R producers of the month. They will be discovered, nurtured and revered from the fan base up. The information super highway is the arena and the Internet is the rocket.
I hope you will visit www.HolodigmMusic.com and consider that perhaps the new paradigm exists and only has to be implemented. This concept evolved from an historical observation of the effect of new technologies on the record business pre Napster; and, on my personal experience directing careers as an agent and personal manager in the postmodern era.
The invitation to speak to my class still stands.
Pax et Amo. Hartmann
An Open Letter to Tommy Silverman:
Hi Tom: Thank you for your gracious letter. As I had originally suspected we are almost on the same page. I was in High School when "Rock Around The Clock" started the avalanche that propelled Elvis to the big top and established rock & roll as a permanent part of popular culture.
I made my first money selling music in 1957 and have been doing it ever since. I cannot remember a time when I did not manage at least one band. Over my fifty plus years in the postmodern record business I have been fortunate to serve many artists great and small.
Today I manage a baby band called The Reflectacles, so my interest in the new music industry paradigm is not casual or merely academic. I have a real job to do building a business around this six piece Americana folk rock band that formed out of my classroom at Loyola Marymount University.
Seven years ago when I was teaching personal management at Musicians Institute a student asked me, "How would you build an act today when the music is free?" I must admit that for the first time in my life I did not have an immediate answer to a question. The Holodigm is the continuing answer to that question. After due consideration, my students and I embarked on an extensive analysis of the problem. When I joined the faculty at LMU we continued the research and development of a new music industry paradigm.
Now, six years and more than 2000 students later, we believe we have perfected a working model that the industry will follow, knowingly, or not. It is organic and based primarily on the historical trajectory and a clear vision of the future. More importantly, it deals with the broadest range of participants. The millions of bands registered on myspace.com. They all deserve a chance to compete.
The concept is presented as the first interactive, audio-visual, online text book and addresses the fact that a kid would rather watch a movie than read a book. It is a training, mentoring and coaching system for musicians and entrepreneurs that addresses every aspect of the ancient alchemy of turning music into gold. It functions on a simple mathematical formula: One Artist + One Manager = One enterprise.
The manager is the CEO of the artists company and he owns an equal share of the enterprise. Fifty/fifty partnerships a la Elvis and The Colonel for solo artists and an equal share with bands. He cannot be fired because his contracts ran out or somebody will do it for less. He is an equity owner of the business he helps build and can only be bought out at the fair market value of his shares.
All are exclusive employees of the corporation or LLC. Record producers can also be invited to join as partners since their skills will always be needed. We invited recording legend Eric E.T. Thorngren to be a full partner in The Reflectacles Music Co. ensuring that we will make world class records from day one. Everybody works for free until there are dividends to declare.
This form of partnership will ensure that everyone on the board of directors has an incentive to make the business successful. Each member has a role beyond the stage. In the case of The Reflectacles, each man is either an officer of the company or a vice president of a division. They apply the business skills they acquired in the classroom to their real life career pursuits.
How many CEOs get to indoctrinate their employees for sixteen weeks, three hours a week? Not many. But Holodigm Artists get that training before they start the arduous climb to artistic and financial success. Thy do not run blindly, lost in the fog of showbiz. Their goals are clearly defined and supported by a game plan that can be conducted at a livable pace, under their direct control.
The Holodigm is their sanctuary and provides continuous career direction as each enterprise grows. We hold no equity interest in the activities or entities produced by "Academy" and "Society" members. When appropriate, we may invite partnerships with promising talent through our professional division Holodigm Media. The business that is built will belong to those who build it.
Our staff of coaches and consultants is being implemented at this time and will provide a constant source of seasoned professional advice to our members online. Additional services and products provided below market price will facilitate production and marketing activities ensuring a faster rise to profitability. Individual successes and failures will be shared among the membership through The Holodigm Forums, Blogs, Social Network and Chat Rooms. The members, pursuing the same goals, each get to benefit from the other's learning experience. There is no template to follow; it is a real-time live experiment.
With a clear focus on the two primary activities of recording and performing, combined with effective Internet marketing, the team can build and operate its own business. The mystical fuel of "talent" drives the engine and combined with other "star" factors, like, great songs, charisma, sex appeal, hero worship, authenticity, passion and desire, they can build a fan base.
Nepotism, personal wealth, sponsorship, talent TV and personal relationships can enhance and accelerate the process. However, these are stairway to heaven possibilities that will not exist in most cases. Generally speaking, The bands and managers will have to do the work themselves.
Traditionally, investors want something for the risk they take. And that is only fair. However, during my fifty plus years in the music industry I have never seen a record company make a fair deal with an artist. And, I have never seen private investment pay off for the artist or the investor.
The money will want a permanent piece of the company. Unless they contribute something else to the artist's enterprise this will become inequitable eventually. In an industry where only ten percent of the artists will survive there won't be much venture capital available.
The Holodigm concept concentrates the artists and managers on the job of building a viable live act, in local and regional markets, around which products can be developed and sold. It focuses on do-it-yourself systems, mechanics and protocols. And, it forces the players to run their enterprise as a business without giving away equity to third party service providers.
Artists who wait for investors will be doomed to fail. Those who take action on their dreams will create their own destiny and they will reap the reward. They will own their masters and publishing and the most talented will build a permanent annuity to support them in their old age.
I totally understand the pressure you were under the day we met. I am a long time observer of your significant accomplishments and hold you in the highest regard. The work you do in support of the continued growth and development of our business is significant and necessary. In time the labels will let go of the old paradigm and embrace digital download distribution for their catalogs. And, they may even be able to buy up a few new acts as they emerge. But, it will never be the same.
The music industry is thousands of years old and will not expire under the weight of digimodernization. The record business is just over a hundred years old and will surrender to the digital sword. In the transition the business of recording will fall to the hands in which it belongs, the men and women who create music.
New artists will no longer be imposed by record company moguls or A&R producers of the month. They will be discovered, nurtured and revered from the fan base up. The information super highway is the arena and the Internet is the rocket.
I hope you will visit www.HolodigmMusic.com and consider that perhaps the new paradigm exists and only has to be implemented. This concept evolved from an historical observation of the effect of new technologies on the record business pre Napster; and, on my personal experience directing careers as an agent and personal manager in the postmodern era.
The invitation to speak to my class still stands.
Pax et Amo. Hartmann
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