Making the decision to go indie has paid off for the Barenaked Ladies. The snappy canadian rock group known for inventive and pun filled lyrics have topped $970,000 in gross sales from "intellectual property" during the first week following the release of "Barenaked Ladies Are Me".
Hypebot points to a CelebrityAccess article explaining the band's sales figures. Netwerk's Terry McBride has been working hard to lead the industry into a new era, one where it views the big picture of overall sales figures rahter than the mypoic view of physical album sales alone.
McBride says, "Generating revenue, especially in the artist-run model, is about selling music in various mediums, selling concert tickets, licensing music to TV, ring tones, packed USB drives, etc. That is how success is measured, not by the physical album sales."
Pay attention kids, this is the future of music. "Additionally, you won't see the difference in revenue that a band generates from an artist-run label as opposed to a band on a major label; an artist-run label can earn as much as $5 per album."
Five bucks an album pays the bills in a hurry. It certainly beats the 54 cents Cheap Trick is taking home.
[via Hypebot]
1. This seems like a much more natural way to sell music - creating something and letting others do what they want with it. Music moves beyond something people sit and listen to, becoming something they can interact with and make better for themselves (and others). Art is not just in the eye/hear of the beholder - it's in the hands too.
Posted at 5:39PM on Sep 27th 2006 by Tony Leach