Comments on: Binary Star Music Debuts the Future of the Record Label : Record Label 2.0 http://www.christopherspenn.com/2007/12/03/binary-star-music-debuts-the-future-of-the-record-label/ Tue, 16 Mar 2010 10:20:37 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Jason Evangelho http://www.christopherspenn.com/2007/12/03/binary-star-music-debuts-the-future-of-the-record-label/comment-page-1/#comment-1604 Jason Evangelho Tue, 04 Dec 2007 16:18:15 +0000 http://www.christopherspenn.com/2007/12/03/binary-star-music-debuts-the-future-of-the-record-label/#comment-1604 Agreed Chris! My pimping powers are coming into maturity finally :-) Admittedly I haven't promoted the service extensively because we've got a small staff and couldn't handle more than about 40 artists at once. But I'll keep ya posted. As for "bizarre and otherwordly" licensing, let's hope that AND DRM die an agonizing death very soon! Cheers; J Agreed Chris! My pimping powers are coming into maturity finally :-)

Admittedly I haven’t promoted the service extensively because we’ve got a small staff and couldn’t handle more than about 40 artists at once. But I’ll keep ya posted.

As for “bizarre and otherwordly” licensing, let’s hope that AND DRM die an agonizing death very soon!

Cheers;
J

]]> By: Christopher S. Penn http://www.christopherspenn.com/2007/12/03/binary-star-music-debuts-the-future-of-the-record-label/comment-page-1/#comment-1603 Christopher S. Penn Tue, 04 Dec 2007 16:09:18 +0000 http://www.christopherspenn.com/2007/12/03/binary-star-music-debuts-the-future-of-the-record-label/#comment-1603 Jason: unquestionably relationships are powerful not only in music but in every industry. That said, the innovation lies in the service bureau model to me, as opposed to the "signed artist" model. I wouldn't want to see relationships go away - just the bizarre and otherworldly licensing. As for Magnet - dude, you have to pimp some more! I'd never heard of it. Jason: unquestionably relationships are powerful not only in music but in every industry. That said, the innovation lies in the service bureau model to me, as opposed to the “signed artist” model. I wouldn’t want to see relationships go away – just the bizarre and otherworldly licensing.

As for Magnet – dude, you have to pimp some more! I’d never heard of it.

]]> By: Jason Evangelho http://www.christopherspenn.com/2007/12/03/binary-star-music-debuts-the-future-of-the-record-label/comment-page-1/#comment-1602 Jason Evangelho Tue, 04 Dec 2007 15:55:46 +0000 http://www.christopherspenn.com/2007/12/03/binary-star-music-debuts-the-future-of-the-record-label/#comment-1602 I've always been a fan of Binary's methods and their music. With that said, this is something we've been doing at Magnet Media for almost a year now. Personally I think Binary's prices are too high. $100 for digital distribution when a band can go through Tunecore for an average cost of $30? Add $200 to that, however, and we work with a band for an entire year with no signing away of rights. What we do at Magnet Media is offer a slew of services, including digital distro, for $300 per year. It gives us plenty of time to work with the artist, develop a relationship, provide opportunities, establish digital distro for them, as well as accomplish a giant laundry list of items geared towards establishing a super-powered online presence for them. Yes, it's a bit of shameless plugging, but I don't see anything particularly special about what Binary is doing. Although I could just be bitter they're in the spotlight and not Magnet Media! haha. Seriously though, what they're doing is attractive. But calling it the future of record labels may be a stretch, Chris. Relationships are powerful in the music industry. . . I’ve always been a fan of Binary’s methods and their music. With that said, this is something we’ve been doing at Magnet Media for almost a year now. Personally I think Binary’s prices are too high. $100 for digital distribution when a band can go through Tunecore for an average cost of $30?

Add $200 to that, however, and we work with a band for an entire year with no signing away of rights.

What we do at Magnet Media is offer a slew of services, including digital distro, for $300 per year. It gives us plenty of time to work with the artist, develop a relationship, provide opportunities, establish digital distro for them, as well as accomplish a giant laundry list of items geared towards establishing a super-powered online presence for them.

Yes, it’s a bit of shameless plugging, but I don’t see anything particularly special about what Binary is doing. Although I could just be bitter they’re in the spotlight and not Magnet Media! haha.

Seriously though, what they’re doing is attractive. But calling it the future of record labels may be a stretch, Chris.

Relationships are powerful in the music industry. . .

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