OWNERSHIP - is the state or fact of exclusive rights and control over property
PRODUCTION – the making of
MARKETING - is the process by which companies determine what products or services may be of interest to companies
DISTRIBUTION – e.g. selling
EXCHANGE – how we access the music e.g. HMV
How many of the artists and bands on Radio 1's playlist are signed to your major label? Choose a few of your favourite artists that are signed to your Major label. Draw a Long Tail for your artists by researching the following : Their PLAYS on Last FM; what similar artists does Last FM recommend and where would you place them on your Last FM Long Tail? 1. AFI - 38,765,971 plays (827,997 listeners) - Recommendations - Rise Against, Alkaline Trio & Aiden 2. Blink182 - 77,771,193 plays (1,488,519 listeners) - Recommendations - Sum 41, New Found Glory & +44 3. Lady Gaga - 52,847,045 plays (1,301,974 listeners) - Recommendations - Ke$ha, Rihanna & Katy Perry 4. Rise Against - 58,315,923 plays (820,876 listeners) - Recommendations - Anti Flag Signed to - Universal Music Group Daughter record label of UMG BBC1 Playlist.
Festivals. Reading 2010 Blink 182 Klaxons Weezer Guns ‘n’ Roses In your opinion, why have music festivals had a renaissance over the last few years? The music culture has progressed greatly, and even though fans have always been eager to see their musicians live, the demand has increased greatly. This may be due to the new generations of social groups formed around music. Emo, indie and chav are all hybrids of the well known goths, punks and townies which had a small foundation based around music, however, these new generations of social groups are much more music based. This younger, more music obsessed generation are the main reason festivals have had a revolutionary change in demand. Latitude 2010 Florence and The Machine Noah and The Whale The Maccabees
Drawing it all together!
What other companies does the parent company own? Draw an organisational chart that illustrates all of the companies owned.
PRODUCTION: Does your label produce physical CDs or vinyl? http:// new.umusic.com/News.aspx?NewsId =182 In what ways has media technology helped your MAJOR labels to find and recruit talented artists? Websites such as Myspace, are an easy way for musicians to get their sound out to the public. It’s services are free and easy to set-up. This freedom to produce music has increased creativity and has produced many new musicians. These musicians are unsigned and only have to pay a small fee to advertise themselves on the Myspace main page. This is a brilliant example of how media technology has helped labels to find, and recruit, new talented artists easily. Other examples are those such as local radio stations, which are small stations who focus mainly on unsigned, local talent. If Universal were to listen to one of these stations, they would pick up masses of talented artists. MARKETING: What marketing techniques does your Major label use to promote a new CD album or single launch? (e.g. web site, Myspace, press coverage, advertising, viral online campaigns etc.) Myspace, Twitter, Facebook, radio & print. How does the label use Myspace to promote their artists? A dvertisements on the main pages Does the label use online forums, message boards, gig reviews etc to promote the band? These are all available, but whether they have been set up by the label itself or the fans is not clear. Does the label have a You Tube account? If so what is featured (music videos, interviews etc) Universal also has a shared partnership with Vevo – a music video and entertainment website. What press, TV coverage can you find about the bands signed to the label? http://www.umusic.co.uk/News/ http://techcrunch.com/2010/03/01/umg-digital-sales/
DISTRIBUTION and EXCHANGE: Does HMV stock CDs from your Major label? Do Tesco’s or Morrison’s? If so how much are the CDs? HMV – Yes, examples such as Lady Gaga, Blink 182, GnR – no higher than £13.99 Tesco & Morrisons – Yes for around the same prices. Can you download tracks from the Major label’s web site? If so, how much per download? Not from the labels website, however there are music videos. Does iTunes stock tracks from your label? Yes, of course!! How has new media technology benefitted the Distribution of your Major label’s artists? iTunes is a much more convenient way to stock music, even though the artists signed to the label are at the top end of the Long Tail, and have their physical music stocked in retailers, other new media technology, such as Myspace, helps promote the music, thus benefitting the distribution. In what ways has media technology radically altered the way music fans access music? It has altered It dramatically! Fans now have the easy, free option of file sharing. A simple Google search and you can have your artists album in seconds. Free. No strings attached. If you are not the illegal music downloading type, it is still just as easy to listen to the music for free! Sites such as Project Playlist and LastFM let you stream music online for free -It is so easy for fans to access music in this new media generation.
Discuss the importance of media convergence in the industry you have studied.
Conglomerate - A combination of two or more corporations engaged in entirely different businesses together into one corporate structure.
Oligopoly - A market form in which a market or industry is dominated by a small number of sellers
Synergy - A synergy is where different entities cooperate advantageously for a final outcome
Vertical integration - A style of management control. Vertically integrated companies in a supply chain are united through a common owner.
Hardware and software - Hardware - A general term for the physical parts of technology Software - A general term primarily used for digitally stored data such as computer programs and other kinds of information read and written by computers.
The Boat That Rocked is an example of a Universal synergy.
It was distributed by Universal Pictures and the soundtrack includes current or previous artists signed to Universal.
Lady Gaga is the perfect example of record labels exploiting artists as much as possible! Universal have produced a massive variety of merchandise for Lady Gaga. Examples are - a limited edition USB drive, t-shirts, jackets, posters, programmes, hats, bags, headphones, iPhone applications and covers.