Magnatune
Record producer is a loosely defined term that (in my opinion) could reach from A&R's to managers and essentially means any person responsible for completing a master recording so that it is fit for release. He/she controls the recording sessions, coaches and guides the performers, and supervises or takes part in the mixing process. How a producer makes money depends on the relationship he/she has with the artist and or record label. An executive producer typically invests in a project and in return receives royalties from future sales. Other producers like musician producers might receive money upfront as well as royalties from future sales of an album. The way Magnatune is set up may pose some problems for record producers. First Magnatune cuts out the middle man (record label) which puts everything in the hands of the artist. That's not entirely good for producers. While they stand to make more if they are working from a percentage stand point now it's up to the artist to keep track of the books and pay the producers whatever monies is owed to them from the sales if any. Not everyone is cut out for the business side of the music industry and most artists want nothing to do with it. Also the temptation factor is too much. If y
A better comparison would be iTunes and Napster. The fat has to be trimmed and all those whose jobs aren't essential will be wiped out. They have the advantage financially. And that's why iTunes will continue to be successful. Gone are the days of the million dollar recording budgets the record producer has to now make the records for some times forty and fifty thousand dollars. So one of the side effects is the record producer must die. Since Magnatune is catering to the independent artist there are no big budget productions. One way in which producers can benefit from Magnatude is in genres such as hip hop and dance. iTunes if I had to pick who is going to make more money I'd have to pick them. They have the commercially successful singles, the music that is being played all over the radio, MTV, BET and etc. The land is changing rapidly and they are looking for work and struggling to adapt quick enough to survive. It's not practical and artists usually want there artistic freedom and tend to hate the producer (usually supplied by the label) messing with there music. Those producer, ones that create the music (instrumentals) and then seek out artist to perform songs to them could potentially benefit from Magnatude greatly. Someone might not want to put sixteen dollars down on Mariah Carey's latest CD but if they could get the new single for a buck they just might fall in love with the song and feel the album is worth buying. I don't feel comparisons between iTunes and Magnatune are fair.
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