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Thanks Bruce! If anyone has questions, i'm @bmull on twitter, or email info@onesheet.com Brenden
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Thanks Bruce! I'll be letting people in consistently throughout the next couple days. Can't wait to see the Onesheets that Hypebot readers create! Ping me on twitter with questions!
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Great addition and I agree about the small market bottom line!
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All the numbers in this article were total registered artists, not necessarily active. That varies by company, and few share it. Sonicbids isn't my company, so I'm not at liberty to reveal that number, but I will say for the times I've been privy to information like that for other internet companies (music and non-music), Sonicbids active user-base is a much higher percentage than others I've seen.
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I saw that too, and really appreciate Ian's perspective on this. The number I'm talking about is more musicians who would pay for a service, whether or not it's their main gig. So that might be why there's a discrepancy. Incidentally, I think those that who do music as their main gig are most likely more willing to pay for services. This is Topspin's market, and they're smart to focus on this.
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Tough one. Maybe see if you can mine some data from MySpace, and talk to the different Music organizations in Australia to see if they've ever done a study.
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Exactly - It's tough to guarantee anything in the creative field. There are so many factors. Some companies choose to go the route of charging a flat rate, others take a % of sales. Both have their pluses and minusus on both sides.
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It's very very tough. As far as putting together a plan, you just need to come up with assumptions you can back up.
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That seems really small, but I guess I'd need to know what they consider "Active" .. Does that mean the artists are updating them? Or fans are visiting? Or fans are commenting? Thanks!
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C - This was in the first post: "This series is written to people who are starting music companies that plan to offer a service to musicians. It's what ArtistData has done over the past few years. This particular series isn't as relevant for people launching music startups aimed at music fans (for example, Pandora)." We are examining building products for bands where the bands are paying. That's what we're exploring.
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Great point. Let's make sure that's part of the discussion in the future of these posts.
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Thanks for the comment! I totally agree that building a product just to exit is a bad idea. At the same time, I think the thought that not taking the time to understand your market is crazy. You need to know what you are getting into. Then you can build an amazing product for the market. I think I'll uncover why I think this is important over the next few posts.
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I agree with @MusicChk. MySpace continues to be relevant as long as Facebook doesn't launch a music service. Which they're not going to do anytime soon. So MySpace is a necessary evil to some, and a great resource to others. Either way, it's still around. I think what's important to realize for MySpace or any company is that they are trying to move in the right direction for artists. They're trying. As long as companies keep trying to be better, we can't put them down for that. We need to support them and hope that the final product will be a better resource for artists and a better value. I had the opportunity to talk to the MySpace team about what they're rolling out over the next few months and I think people will really like some of the stuff. I still question after all this if they can ever generate enough revenue to support the business, but that's a different discussion. So I say let's support what they're doing and hope it pleases fans more than the old MySpace did. Because that's what's important. Brenden
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I wonder if Billboard used any kind of qualification metrics, like how long it'd been since the company launched, how much funding they'd received, etc... Companies like Vevo have a bit of an advantage over RootMusic, so it's odd to see them grouped together. Overall though, great companies doing great things for musicians and fans.
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Haha! Now that's hilarious!
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Thanks for the comments guys - Always feel free to reach out directly either via twitter or b@bmull.com
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I agree the quality is lower, but for the average listener, I bet they don't notice. It'll be really interesting to see if these services up the bitrate, or just accept that the high end listener might be put off.
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But when you buy that album from the local band, are you buying it to support them or because you can't get it anywhere else? And if just to support them, what do you do with it after you buy it?
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Do you think that'll change as connectivity increases and coverage issues go away (longer term question).
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This is how Rdio/MOG/Spotify can work. You should give either Rdio or MOG a try and see how that changes. If you email at b@bmull.com I'll send you an Rdio invite to try. I think you can sign up for MOG without an invite.
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Fine for profiles (although they still suck) but it's going to take a lot more to adapt this to band pages.
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These comments are full of five types of responses: 1. Unreasonable people thinking that what Bandcamp builds is free and they are wrong for every asking someone to pay for their high quality service... Come on people. Bandcamp has been beta testing their service for years and not asking for a penny. I'm always amazing at how people, especially artists, think that someone asking to be paid for a service is unreasonable. The sad part is, most of the best tech people I know refuse to work on artist-focused projects anymore because they know artists wont pay for anything. Everyone understands that artists don't have a lot of money to spend, but everything won't be free. Just because it's online, doesn't mean it has to be free. Gas isn't free. Gear isn't free. Your laptop isn't free. Quality, top notch software shouldn't be free either. 2. People saying that 2 weeks notice is too short. It is short, I agree. But I guess my question would be, for those that are upset, what would you do differently if they said 4 weeks? Or 2 months? I'd really be interested in knowing exactly how that would change this for you? Honestly, if you have valid reasons, I wouldn't be surprised if Bandcamp would work with you on this. 3. Other companies using this as a posturing move to steal customers (Bandzoogle, Tunelab). I honestly feel like these comments should be moderated out. Pay Hypebot for advertising if you think this is a place you can grab new users. 4. Confused people about how the rev share will work. Now I could be totally wrong, but I dont think the users complaining about "retroactive fee taking" are correct here. If I'm wrong, I agree it's a bad move by Bandcamp. But what I think they are saying is, if you have sold more than $5000 in the past, you automatically qualify for the 10%. They're not saying you have to pay 10-15% on all those previous sales. It's a policy that's supposed to make things MORE fair so people can't say "I've sold $10000, why do I need to start paying 15%?!" Again, I could be the wrong one here. 5. Understanding, rational people. These people understand the tremendous amount of value Bandcamp has given to the community over the past few years and know that for the service to really grow and get better (and stay active) they have to turn their product into a business. You are the community who makes it inspiring and worthwhile for us to build amazing software for you. Thank you. Bracing for hate mail, Brenden
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Thanks Bruce! We are very excited about this deal and think together we'll provide a ton of value to the artist community. We appreciate your support. If anyone has ANY questions about this acquisition, I'm happy to answer them at http://www.formspring.me/brendenmulligan My note to the ArtistData community can be found at http://www.artistdata.com/us/sonicbids
Toggle Commented Jun 14, 2010 on Sonicbids Acquires ArtistData at hypebot
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Don't feel bad .. I missed it too. It's simple and awesome. :)
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Couple things .. First, I agree, it does seem like this is what Jango is doing. I know the folks over at Jango and they say that they've got a great business going and it's really effective. So if Immitter can replicate it, there's nothing saying that it wont work. However, it's incredibly hard to get artists to pay for anything, so that's a tough place to start. Hopefully they'll be giving a generous free trial period. If they can show artists there is value in the service, and show artists that they can get results, there's no reason artists shouldn't pay. But they'll need to show results before artist's will open their wallets. They should also shorted that explanation video. Get the message across in 90-120 secs .. And their current site doesn't instill much confidence. Might have been a bit of a premature launch. My feedback.
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