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Majors Vs. Minors Part 1: The Formula
by Bert Caradine
If I were to write out two columns on paper (call
them a “Go To” Guide), the determinate being separated
by broad generalizations according to genres of music, under “Majors”,
I’d list “Pop” artists (Britney, American Idol,
boy bands), hip/hop (hardcore, gangsta, thug), mainstream urban
(Brandy, Usher), crossover/Top 40 dance (Basement Jaxx, Chemical
Bros.), as well as your varying brands of mainstream rock (Velvet
Revolver, U2, Incubus, Blink 182). ‘Minors’ would represent
everything else.
Back when the industry was flushed with profits from
the CD boom of the early 1990’s, the total annual titles released
during that period (easily twice the number released in 2004), would
overflow what’s left of the record retail bins still in business.
Suffice it to say, at no other time in the modern music era was
it easier to score a major label record deal.
During my time at Warner, I had the opportunity to
observe one of the best radio promotion staffs in the business.
Their formula was to sign a bunch of bands, throw their records
at the wall – and whatever stuck, that’s what they worked.
Problem is, the formula caught on and has deviated
little in its present use – except there’s now far fewer
releases., which has given birth to what I call “The Burn
Factor.” To demonstrate, I’d like to cite the total
U.S. Album sales of the first four Atlantic Record releases by Hootie
and the Blowfish:
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Cracked
Rear View
(1994)
16 Million |
Fairweather Johnson
(1996)
3 Million
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Musical Chairs
(1998)
1 Million |
Smothered and Covered
(2000)
438,000
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The argument that these sales figures reflect the
merits of their content, ignores the fact that music has become
just another disposable pop culture brand name, who’s worth
is at the mercy of the disloyal, fickle consumer.
This is the same highly coveted music consumer that
can turn a 6 million-unit seller, into a 16 million-unit seller.
I can detail the merits of independent labels/distribution
(and even indie label distribution through a major), at some length
later. But I think it’s important to point out the biggest
pothole awaiting any artist at the majors, and the enormity of the
expectations awaiting you.
The odds are against any notion of building a catalog
at the majors in this day and age. Think of five artists with major
hits in the last decade, of which you’re familiar with their
catalog. Now, go to a record store and count how many of their studio
releases are still available. Sales of even 300,000 to 400,000 units
are not viewed upon as deserving of a re-up these days, unless there
is a clear potential to reach the 7-figure threshold.
Am I employing intentional scare tactics here? Damn
right, I am. The majors are a proven crapshoot, and I’ve seen
too many great artists burned in the process. There is a way to
prepare oneself for such a leap, a subject matter for another day.
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