To hear the entire interview, please visit https://allaccessgroup.com/articles-and-resources/blog-talk-radio.
Jeff Brandstetter is a digital music and entertainment lawyer with over 20 years of experience in film, TV, music, literary, new media and entertainment financing matters. He is also the co-author of the highly acclaimed book “The Music Business Explained in Plain English.” He appears frequently as a speaker and moderator on entertainment law matters and is also the Co-Founder and CEO of IndiePlaya, a revolutionary online film distribution platform optimizing the marketing and distribution of independent films.
Kelli Richards: Jeff, what do you think the future of distribution is going to look like in say, five years, and how much of an impact do you think on-demand digital distribution will have on media?
Jeff Brandstetter: It’s interesting that you’re asking me this question. As you know, eleven years ago I was asked this exact same question on a panel about the future of the music industry. I think people tend to accelerate adoption faster in their minds than it actually occurs. I think the reality is that we well see physical product around for a while, and there will still be revenue around physical product for a long time… I think what the landscape will look like in 5 years is that content creators will fast become the hub. Right now everybody is chasing the distribution outlets du jour… because they see the largest numbers in terms of traffic going in that direction…. Indie content providers don’t need huge numbers of their own content to recoup their production budget, and that’s what they should be most interested in. Where are they going to maximize their revenues? As long as they’re passing their content along to 3rd parties, and essentially giving them all of the rights, wholesale, to distribute it and buying into that sell of, “You know, you’re a content provider. Don’t worry your pretty little head about this. We’ll take care of the marketing, promo and distribution. You just focus on making more content.” As long as they buy into that, there’s no rational reason to believe that the outcome is going to be any different than it’s been up until now – which is that the vast majority of them aren’t going to make any money.”
Kelli: I don’t want to live in the way back machine, but that was one of the main impetuses, as you’ll recall, for Todd Rundgren and I crafting Patronet fifteen years ago. The goal was to really encourage artists and other content creators to take the reins and go direct to their fans with their brands – and to see themselves as a brand and, frankly, to model 80 / 20 where they were making the majority of the money – to a smaller audience perhaps, but with fewer middle men.
Jeff Brandstetter: No doubt about it, it was a good model
Kelli: So, Jeff, how important is buzz? Do you think it’s vital to a label that an artist has a social media platform and following – or is having a great sound still the number one driver to getting signed?
Jeff Brandstetter: I think the two go hand in hand. I want to believe that, on the audio side, having a great sound – or a great product whatever vertical you’re talking about – is still then number one driver. Now if you’re talking about getting signed – getting picked up by a major label – you’re talking about the distinct minority of artists who get picked up by a major. But when it comes to social media, disintermediation is happening on the promo side, but it’s not happening in the terms of the monetization. What I mean by that is just because you’re able to promote your brand using social networking doesn’t mean that you, as the artist, are actually reaping the lion’s share of the benefit of that.
Kelli: Unless of course the only way somebody can buy your CD – or one of the ways – is through your website, where the vast majority of the proceeds are going directly into the artist’s pocket, I think most fans would want that to happen. Given the choice, I think if they knew that they could support the artist by buying direct, more would. And that’s why it’s important for an artist to sell their music and to collect email addresses on their website, in addition to having a social media platform to promote from.
Jeff Brandstetter: That’s exactly right.
You can catch Kelli’s show every Monday at 5pm PST. https://BlogTalkRadio.com/AllAccessRadio.
Kelli Richards, CEO, The All Access Group, LLC
