{"id":164,"date":"2005-09-23T16:50:10","date_gmt":"2005-09-23T23:50:10","guid":{"rendered":"http:\/\/lefsetz.com\/wordpress\/index.php\/archives\/2005\/09\/23\/the-korn-deal\/"},"modified":"2005-09-23T16:50:10","modified_gmt":"2005-09-23T23:50:10","slug":"the-korn-deal","status":"publish","type":"post","link":"https:\/\/lefsetz.com\/wordpress\/2005\/09\/23\/the-korn-deal\/","title":{"rendered":"The Korn Deal"},"content":{"rendered":"<p>Can we stop hearing that this is about a new paradigm, an answer to our prayers, the SOLUTION to the music business crisis??<\/p>\n<p>If you want a solution to the labels&#8217; dilemma ask yourself where all those evaporating CD sales have gone.\u00c2\u00a0 Either people no longer care about the music being made or they&#8217;re getting it elsewhere.\u00c2\u00a0 The key is to both make better, more DESIRABLE music, and charge at the tap where people ARE getting their tunes.<\/p>\n<p>You&#8217;re not going to solve your problems by signing Korn, a has-been band playing has-been music.\u00c2\u00a0 It&#8217;s kind of like signing a battered NFL player.\u00c2\u00a0 He was great once, but he no longer has the skills.\u00c2\u00a0 He&#8217;s worth SOMETHING, but not EVERYTHING!\u00c2\u00a0 Just look at Korn&#8217;s sales&#8230;\u00c2\u00a0 If the people wanted more nu-metal, their albums would still be moving millions of copies (along with those of their compatriots Limp Bizkit).\u00c2\u00a0 But nu-metal is dead.\u00c2\u00a0 Like hair band music.\u00c2\u00a0 Maybe there&#8217;s a marginal audience, but most people no longer care.<\/p>\n<p>Which is why it&#8217;s so interesting that EMI wants a piece of the TOURING business.\u00c2\u00a0 When ticket sales are soft and merch is declining.\u00c2\u00a0 I mean don&#8217;t you invest for the UPSIDE?<\/p>\n<p>I truly can&#8217;t figure out EMI&#8217;s motivation.\u00c2\u00a0 Are they just that desperate, just that flummoxed by the new world that they&#8217;ll try ANYTHING?<\/p>\n<p>Better than this deal, why not a deal where they pay NO advance.\u00c2\u00a0 Where EVERYTHING&#8217;S on the come.\u00c2\u00a0 Make a good record, sell it, and you make FIVE BUCKS a CD.\u00c2\u00a0 But no, the label wants no innovation, they&#8217;re positively old wave.<\/p>\n<p>As is Jeff Kwatinetz here.\u00c2\u00a0 This ain&#8217;t no new solution, it&#8217;s the same game he&#8217;s been playing for a long time.\u00c2\u00a0 GET A BIG ADVANCE!\u00c2\u00a0 That&#8217;s what&#8217;s wrong with this whole business.\u00c2\u00a0 Everybody wants a guarantee.\u00c2\u00a0 I can see guaranteeing revenue on milk, or corn, people NEED those.\u00c2\u00a0 But believe me, people don&#8217;t need THIS Korn.<\/p>\n<p>If you want new deals look to Michael Rapino.\u00c2\u00a0 And what he&#8217;s doing with Clear Channel\/Spinco.\u00c2\u00a0 You&#8217;ve got your money, we&#8217;ve got ours.\u00c2\u00a0 The act takes the gate, we take the ancillaries.\u00c2\u00a0 Hell, he&#8217;d do a no advance\/all upside deal if only the greedy acts would let him.<\/p>\n<p>The big bets have to go.\u00c2\u00a0 Everybody has to share in the upside and the downside.\u00c2\u00a0 Which IS what the new model is about.\u00c2\u00a0 Both band and company watch costs, and equally split profits.\u00c2\u00a0 That&#8217;s the wave of the future, not these ridiculous multimillion dollar bets between two entities that don&#8217;t trust each other whatsoever.\u00c2\u00a0 There&#8217;s not a manager alive who trusts major label accounting, the fact that EMI trusts ACT accounting just blows my mind.<\/p>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>Can we stop hearing that this is about a new paradigm, an answer to our prayers, the SOLUTION to the music business crisis?? If you want a solution to the labels&#8217; dilemma ask yourself where all those evaporating CD sales have gone.\u00c2\u00a0 Either people no longer care about the music being made or they&#8217;re getting [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[],"class_list":["post-164","post","type-post","status-publish","format-standard","hentry","category-music-business"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p96vPs-2E","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/lefsetz.com\/wordpress\/wp-json\/wp\/v2\/posts\/164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lefsetz.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lefsetz.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lefsetz.com\/wordpress\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/lefsetz.com\/wordpress\/wp-json\/wp\/v2\/comments?post=164"}],"version-history":[{"count":0,"href":"https:\/\/lefsetz.com\/wordpress\/wp-json\/wp\/v2\/posts\/164\/revisions"}],"wp:attachment":[{"href":"https:\/\/lefsetz.com\/wordpress\/wp-json\/wp\/v2\/media?parent=164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lefsetz.com\/wordpress\/wp-json\/wp\/v2\/categories?post=164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lefsetz.com\/wordpress\/wp-json\/wp\/v2\/tags?post=164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}