Too Much Of Nothing

You need a direct relationship with your audience.

Let me give you an example. In the last century and the beginning of this one, if you were on terrestrial radio, if you were on MTV, you were part of a community.

That paradigm is kaput.

There’s a conception that if you just get enough publicity, if you just break through into this world or that, you’ll be golden.

But that is untrue.

I’ll give you an example. Taylor Swift. She’s in her own business, her own vertical, she competes with NO ONE! It’s not buying a ticket for a Swift show or someone else, either you want to go see Swift or you don’t.

That’s at the top. But what I’m really concerned with here is the bottom.

People are looking for an express train. They want to get on it and journey to greatness. But that train does not exist. Nowhere. A late night TV appearance is meaningless unless it’s on SNL. And the SNL brand has been fifty years in the making, acts come and go, but SNL remains, it’s bigger than any act on the show. Used to be people tuned in SNL to see a specific act. Now they watch SNL and then view an act. Because this is not the only place you can see your favorites…they’re everywhere, assuming you’re looking!

Let’s take the movie business as an example. Which is cratering, off 11% so far this year. Its problem is it is reinventing the wheel with every film. No one is a fan of the movie theatre itself. Sure, there are some exceptions, but the defining factor of whether you go to the flicks is whether you want to see that particular movie.

Used to be you found out about movies Thursday night, mostly on NBC, with a bombardment of advertising. Now, the target audience doesn’t even watch network television. And everybody hates ads, they’re easily avoidable.

People are fans of Netflix and the product comes and goes. Netflix gets you with its monthly fee.

How do you get your audience hooked?

Oh, you can try a moonshot. Getting a big story in the paper, on some TV news show, even ginning up a fakokta story for the gossip columns. But it’s one and done, you need a continuous story.

When you have a direct relationship you cannot let it lie fallow. You must constantly feed it, or people will go elsewhere. Forget the brands of yore that made it in a prior era, the dinosaurs of rock and metal. They can get away without new music, announcing a big tour every year or two. But if you’re a new act, having developed in the last couple of decades, you not only need new music, you need YouTube clips, you’ve got to burnish the relationship with your audience, which will probably grow slowly, if at all. You milk the audience you have, you don’t fantasize about an audience you’d have had in the last century.

This is the fallacy of the bitching about streaming payments. Acts don’t realize their status. They think since they’re professional, everybody should be listening to them. But they’re not. Only a very few are. At least there are many more ways to monetize than there were in the last century.

You must adjust. You must realize that the public is overloaded. The internet may have burgeoned, but people’s brains have not. They can only handle so much. How do you penetrate them?

The tsunami of news is overwhelming. Just check out Apple News+, and everybody competing for attention has a clickbait headline.

If you’re a student of the game you know more than the average person, but even you don’t know everything. Used to be the music business was comprehensible, but if you know every act today you’re lying.

So you need to change your focus. You must build upon what you have.

Hell, don’t even bother to follow the top-line news. Does it really affect you if Spotify makes a new deal with Universal? It really doesn’t affect you if Ticketmaster signs up a new account. But rather than focus on your own career, it’s easier to follow the business, and too often people complain about it. YOU’RE IN YOUR OWN BUSINESS! Take care of your home and then everything will turn out all right.

But you want someone to make it easier. Everybody wants it easier. But the paradigm of today is harder, because there’s so much in the pipeline. You’re competing against TikTok, YouTube, video games…you must be more interesting to a certain sliver of the public than these outlets. You must be more interesting than the hits of the past, because they’re easily accessible.

The lift is heavier than ever before. You can declare yourself a musician, but establishing a career is nearly impossible.

So, there are scapegoats. Spotify, Live Nation…

Those are just vessels. They are tools that you employ.

But you must have enough success to take advantage of them.

Have I discouraged you yet?

Good. I’m the antidote to all those websites taking your money and telling you they’ll help you have success.

Making music for a living is harder and slower than it’s ever been before. Even the major labels can’t establish hit acts, and they’re trying to do this 24/7.

You must be innovative. You must be focused.

And you must dedicate an incredible amount of time to the process.

Does this sound boring?

Then music is not for you. Go to college and follow a path. Music is the great unknown. Sure, people need it, but they don’t need YOU! 

How do they convince them they need YOU?

You must be unique. Maybe your music, maybe your stage show, maybe your online personality, MAYBE ALL OF THEM!

There are very few stars, everything is cottage industry these days.

But the upside is anybody and everybody can play.

But not everybody can succeed.

But the internet allows you to get your music out there and play by your rules.

But people would rather have a defined path.

There is no defined path. That was blown up years ago.

We are living in the wilderness.

But people are foraging. How do you hook them and keep them? 

That’s your job. Go micro, not macro. That’s the route to success and survival.

Errol Morris’s Finance Movie

“Tune Out the Noise”: https://www.youtube.com/watch?v=T98825bzcKw

I’m intrigued by finance, but I’m not interested in it.

Meaning I want to know how it works, but I don’t want to spend any mental energy in investing.

I don’t want to become a day trader, which is a fool’s errand. I don’t want to buy and sell stocks because I’m not a professional, and it’s a professional market. Furthermore, today everyone knows you should just put your money in index funds.

These are the guys who did the research proving this is the right way to invest.

Now I read about this documentary in the “Wall Street Journal.”

“A Billionaire and an Oscar Winner Have Made a Hit Movie. It’s About Investing – The new documentary from Errol Morris makes index funds and passive investing thrilling”

Free link: https://www.wsj.com/finance/investing/investing-david-booth-errol-morris-documentary-4dd7ff80?st=tuJdM1&reflink=desktopwebshare_permalink

Not that you have to read the article. But I do recommend you watch the first half of this movie.

Documentaries are all the rage, but too often they’re about topics I experienced live, or nooks and crannies featuring crazy people. “Tune Out the Noise” is educational, without being didactic, without beating you over the head.

What we’ve got here is nobodies who find their way to the University of Chicago for disparate reasons. These are not today’s finance bros, wearing tailored suits who are in it only for the money and the attendant lifestyle. No, what we have here are ACADEMICS!

Can you imagine being so intrigued by finance that you want to teach it? Mostly these are oddballs who don’t fit in who find their way to this educational institution…

I know, I know, everybody’s down on universities and college education today. However, at the bleeding edge of any enterprise is the intelligent, trying to figure out the unknown. And that’s thrilling. We’re all excited by the new. But most of us are playing it safe, never all-in, especially in enterprises that appear difficult and don’t rain down money.

But David Booth decided to employ all this academic research to prove a point and make a ton of money. Which is why the University of Chicago’s business school is now named “Booth” (well, he donated $300 million for the privilege).

It’s exciting to see people driven by the data, the science, the theories, as opposed to the modern paradigm of working your way back from the money. How do I get rich? That’s where most people start.

This is history. And that’s where documentaries shine. Errol Morris makes finance come alive.

Until somewhere in the middle of this flick where the focus ends up being on small cap companies and multi-dimensions and conceptually you get it, but something is lost in the process.

But before that…

You’ll be riveted. Because Morris is a professional documentarian, and he knows how to make a subject interesting.

Of course if you’re a newbie, if you’re wet behind the ears, if you truly think you can beat the market yourself…your eyes will be opened. The math says otherwise! That’s the genius of these people… They collected the data and analyzed it, instead of just talking out of their rear ends.

And then there’s the concept of the theory. The data is meaningless unless you’re using it to prove or disprove… This is the kind of stuff you learned in junior high school that rarely comes up in your everyday life, but it’s the essence of progress.

You should put your money in an index fund. Sure, round out your portfolio with bonds, maybe real estate, don’t go all-in on the index. But if you’re going to own equities, this is the way to go. This movie proves it.

As to which index fund you should own with which philosophy… This is where the film gets hazy.

But until that point, you’ll be focused and edified. Even those in the industry may not know a lot of these historical details.

And did I mention that the movie is FREE?!

Yup, just click the YouTube link above.

You’ll be intrigued.

This Is OUR Fight

I haven’t been this focused since Napster. Every morning I turn on my phone and am…

Stunned, horrified.

Not that everybody agrees with me. Kind of like those days back in the beginning of 2000. The label execs told us they had it under control. After all, the law was on their side. You had acts and the industry telling its fans/customers to stop…and nothing did. We never did return to normal. And an outsider saved the recording industry. Yes, that’s what Daniel Ek did, and the labels know this, but acts consider him a pariah because in the process he got rich and they did not.

Trump is the antidote to not only Biden, but the entire Democratic party. You probably saw the Jon Stewart clip wherein he talks about Schumer waiting for Trump’s approval rating to go down to forty and then counters with the fact that the Democrats’ is TWENTY SEVEN!

Then again, I don’t think elected officials saw this. They’re not on TikTok, where this clip exploded. That’s the goal of late night TV, not to get you to tune in, but to create viral content that explodes online.

So…

Trump has stopped border crossings, they’re down to a trickle. The Democrats could have done this, but somehow this was anti…exactly what? This reminds me of trans women in sports and pronouns… The Democrats lost touch with the will of the people and catered to a cabal that was often vicious. At the end of his term, Biden looked nothing so much as afraid. Never mind the entire fiasco of Joe running again.

Joe’s home in the dementia ward. Kamala seems to realize no one likes her and has been licking her wounds off the radar screen. And who is leading the Democrats?

Maybe late night hosts and comedians. And there’s Gavin Newsom with his excoriated podcast…doesn’t he realize these people are the ENEMY!

And then there’s Bernie and AOC…

But nobody in D.C. takes them seriously. They’re cranks with little power. No, they’re in touch with the heartbeat of the country! Dissatisfaction with not only the government, but life in these United States!

I loved that TikTok video I saw yesterday with the young female tax attorney who explained how the rich pay no taxes. They borrow against their assets. YOU HAVE NO ASSETS! Or if you do, you’re probably one of those Democrats who keep telling the electorate how dumb it is. How did that work out? Not well.

So there’s this level of agitation and discontent and other than Bernie and AOC, the Democrats are not tapping into it. All they’re saying is their hands are tied. These doofuses have been in D.C. so long that they’ve lost touch with their jobs. They’re elected by US! They work for US! How about coming down from their thrones and interacting with US!

I’m not talking about listening tours. F*ck that. No, I’m talking about stirring up the populace, eradicating our depression. Sure, the right may not have liked Black Lives Matter demonstrations after George Floyd, but boy did those gain the attention of the people and the press. At least some progress was made, before Trump came along and undercut it.

The Democrats should leave D.C., where they keep telling us they have no power, and return to their burgs and stir up the public. Have rallies. Otherwise, everybody’s going to just go on with their own life until we’re living in Hungary.

This is what I don’t understand. How countries shifted into authoritarianism and life went on, the people accepted this. This couldn’t happen in the United States, BUT NOW IT IS!

Tap into our anger. Show Elon and Trump that we’re all not in agreement. Force the issue, either they have to stop the train or own the consequences of their actions. And right now they’re doing neither.

Keep the fever up. Make us believers in change. If you think the only way to make change is at the ballot box, you’ve been in Washington too long.

This is the lesson of Napster. Outside forces can change the world. At first most people had no idea what Napster was. Then they were aware and didn’t care. And then they got high speed connections and used the service and were convinced, smiling!

Who is going to lead the populace out of the wilderness? Who is going to disrupt the tsunami of destruction Elon and Trump have executed?

WE ARE!

That’s right, you and me. We’re the nation’s only hope. I want to know who is on my side, who is not afraid, who is willing to stand up for this country as opposed to focusing on lifestyle.

This is the most important issue of YOUR LIFE!

This is the turning point.

Are you going to be somnambulant?

All we need is leaders. This is the opportunity for the Democrats. Don’t forget, Trump stirred up his fans, gained constituents before he even ran for office! Trump spoke plain English. You learn the lessons of the enemy, you don’t just throw them all away.

The press isn’t going to save us.

As for the courts… They ruled against Napster and then we got KaZaA and then lockers. The will of the people could not be tamped down.

So far the courts haven’t stopped Trump.

The only thing that can stop him are you and me.

This is like Vietnam, but with much greater consequences. As for all those Trumpers… They were for Vietnam until they too realized the war was fruitless.

Because you can’t fight hearts and minds. Hearts and minds always win.

Dissatisfaction is rampant. Back in ’68 it was Eugene McCarthy who tapped into this. Ultimately Hubert Humphrey, the Chuck Schumer of the era, was nominated AND HE LOST! Because he didn’t have the fervor of the populace behind him.

Your entire way of life is being changed and you’re forced to shrug your shoulders because your leaders have let you down.

Something is happening here, and it sure ain’t exactly clear.

Either it will happen spontaneously or it will be led by the Democrats or…

It won’t happen at all. That’s what I’m most worried about. We don’t know who each other is. We don’t think we have enough people. We don’t think we have enough power.

BUT WE DO!

For what it’s worth. 

Old School/New School

OLD SCHOOL

Get a record deal.

NEW SCHOOL

Get a fan base.

OLD SCHOOL

Learn how to play your instrument.

NEW SCHOOL

Learn how to use your computer.

OLD SCHOOL

The artist is king.

NEW SCHOOL

If the label doesn’t hear a hit, they won’t release your album. And the CEO makes more money than any of the artists.

OLD SCHOOL

Hire a publicity person to get noticed in print media.

NEW SCHOOL

Do your own publicity online.

OLD SCHOOL

Radio is everything.

NEW SCHOOL

TikTok is everything, that’s where acts break.

OLD SCHOOL

Parents hate the music.

NEW SCHOOL

Parents hate the platform, i.e. TikTok (and some still can’t get over physical media and hate Spotify, et al, too).

OLD SCHOOL

Perfect the music and only release what’s up to snuff.

NEW SCHOOL

Put absolutely everything up on YouTube so fans can find it if they’re looking for it. Live shows, acoustic in the studio, everything. Forget quality, otherwise why would people be watching audience-based videos? They want a taste of what it was like at the show. Fans want to get closer, don’t put up a brick wall, but a conduit.

OLD SCHOOL

Spend a fortune recording in a professional studio.

NEW SCHOOL

Record at home, maybe on your laptop.

OLD SCHOOL

Acts are technologically ignorant. They don’t know how the studio works.

NEW SCHOOL

Every act must be an engineer and producer. They must know how the music is created.

OLD SCHOOL

Put out an album, shorter than forty minutes in the vinyl era, no longer than eighty minutes in the CD era.

NEW SCHOOL

Either put out an EP with only a handful of songs, or put out an opus, a double album with maybe even thirty tracks. Because if someone is truly into your music, they’ll stream EVERYTHING!

OLD SCHOOL

Getting ripped-off by the label.

NEW SCHOOL

Believing streaming services are ripping you off even though they’re not.

OLD SCHOOL

Arguing about Spotify payments.

NEW SCHOOL

A focus on software, i.e. the music itself. Sure, business is important, but too many acts spend too much time thinking about it. Create music that draws people to it, then you’ll make money, believe me.

OLD SCHOOL

Major labels shuffled the decks every three to five years or so. A new president came in and wiped out all the old employees and brought in his own team. It was a constant game of musical chairs.

NEW SCHOOL

The same people run the major labels ad infinitum.

OLD SCHOOL

An exec is only as good as his or her last hit, money is everything.

NEW SCHOOL

An exec is only as good as his or her last hit, money is everything.

OLD SCHOOL

Print music magazines meant everything.

NEW SCHOOL

Not only is print dead, but the websites of the early twenty first century are irrelevant too, everything is word of mouth these days.

OLD SCHOOL

Lead with your music.

NEW SCHOOL

Lead with your identity/personality. Your image is just as important as your music. To be featured in the gossip columns means you’ve made it.

OLD SCHOOL

No endorsements, no sponsorships…

NEW SCHOOL

Where do I sell out? I’m dying to sell out, isn’t anybody going to give me money?

OLD SCHOOL

Credibility.

NEW SCHOOL

A bifurcation… There are acts playing the game the old way, building their audience live, over years, they are lifers. They truly focus on the bond with their audience, they just don’t pay lip service. Credibility is key. And everybody else is in it for the fame and money, and will sign anything put in front of them.

OLD SCHOOL

Stadium shows were rare.

NEW SCHOOL

Stadium shows are de rigueur. There are more people and more acts with huge fan bases. But that does not mean those who do not go to the show care.

OLD SCHOOL

Country sucks. Enough with the rednecks and twang.

NEW SCHOOL

Country is the rock of the twenty first century. But there are still a lot of rednecks.

OLD SCHOOL

Hip-hop is cutting edge.

NEW SCHOOL

Hip-hop is long in the tooth, almost a caricature of itself.

OLD SCHOOL

Rappers got shot.

NEW SCHOOL

Rappers get shot.

OLD SCHOOL

Acts rarely had a hit past their prime.

NEW SCHOOL

Acts rarely have a hit past their prime.

OLD SCHOOL

If you wanted to know what was going on you listened to a record.

NEW SCHOOL

Everybody gets their information from a different source, but one thing is for sure, they don’t get it from musicians.

OLD SCHOOL

Musicians stood for something.

NEW SCHOOL

Musicians stand for nothing, they’re afraid of alienating a potential audience member, hurting their career.

OLD SCHOOL

There were few acts who were truly superstars.

NEW SCHOOL

There are a ton of acts that they keep telling us are superstars but we can ignore them and sacrifice nothing.

OLD SCHOOL

You had to buy it to hear it. And when you bought it you listened to it over and over again.

NEW SCHOOL

Everything is available at your fingertips, and it’s hard to get people to listen to anything, never mind all the way through or more than once.

OLD SCHOOL

Very few could be successful musicians, giving up their day job.

NEW SCHOOL

Everybody thinks they’re entitled to be a successful musician and give up their day job.

OLD SCHOOL

You showed off your record collection.

NEW SCHOOL

It’s all about experiences, and you post pictures of them online.

OLD SCHOOL

Labels kept the club scene alive.

NEW SCHOOL

The labels don’t want to spend and neither does the public. If there’s no heat on the act, they’re not interested.

OLD SCHOOL

You knew all the hit acts, even if you didn’t like their music.

NEW SCHOOL

Acts can sell out arenas, and you’ve never heard of them, never mind heard their music.

OLD SCHOOL

The charts were manipulated and not to be trusted.

NEW SCHOOL

The charts are manipulated and not to be trusted.

OLD SCHOOL

The tour was an advertisement for the album.

NEW SCHOOL

The album is the advertisement for the tour.

OLD SCHOOL

Recordings were everything.

NEW SCHOOL

Playing live is everything. You may not even need a record. Or one every five years. Assuming your show is not identical every night. People will know songs that were never laid down on tape/hard drive/SSD. From going to the gig and watching on YouTube.

OLD SCHOOL

Music was everything.

NEW SCHOOL

Music is a sideshow.

OLD SCHOOL

Music saved lives.

NEW SCHOOL

Money is everything, don’t let anybody tell you otherwise.