Artists and record labels need to be aware of every available income in the current musical climate, a panel at the Brighton Music Conference (BMC) has said.
A panel - entitled New revenue streams in the electronic music industry - featuring a number of record label representatives agreed that artists and their labels need to do more than release records to stay afloat.
Ralf Kollmann, co-founder of Germany’s Mobilee Records, said: ‘We learnt very quickly that we have to manage our artists, take care of their bookings, manage their publishing and look out for all kinds of revenue streams and opportunities that are at there.
Chris Goss, managing director from drum and bass imprint Hospital Records, said: ‘Tickets are huge for us. We’ve been doing big events since 2005, this year we’ll do 75 shows around the world and UK, label tours, our owns shows at Brixton Academy.
‘Tickets is one of the most significant revenue streams we have now. The main reason that works is that we never enter the market as a promoter looking to pay the most money to lots of well known artists. We got into the market to promote our artists - the focus is on our roster and has been fundamental to the growth of events and our company.’
Andy Daniell, a&R at Defected Records, added: ‘We first start as a recording music business, now we’re everything. Publisher, artist manager, events, booking agent. Whatever income stream available, we’ll try and get involved it as you have to survive. You need to have an interest in every aspect of an artist’s career.’
Check out our interview with BMC founder John Fleming on why he set up the event.
A panel - entitled New revenue streams in the electronic music industry - featuring a number of record label representatives agreed that artists and their labels need to do more than release records to stay afloat.
Ralf Kollmann, co-founder of Germany’s Mobilee Records, said: ‘We learnt very quickly that we have to manage our artists, take care of their bookings, manage their publishing and look out for all kinds of revenue streams and opportunities that are at there.
Chris Goss, managing director from drum and bass imprint Hospital Records, said: ‘Tickets are huge for us. We’ve been doing big events since 2005, this year we’ll do 75 shows around the world and UK, label tours, our owns shows at Brixton Academy.
‘Tickets is one of the most significant revenue streams we have now. The main reason that works is that we never enter the market as a promoter looking to pay the most money to lots of well known artists. We got into the market to promote our artists - the focus is on our roster and has been fundamental to the growth of events and our company.’
Andy Daniell, a&R at Defected Records, added: ‘We first start as a recording music business, now we’re everything. Publisher, artist manager, events, booking agent. Whatever income stream available, we’ll try and get involved it as you have to survive. You need to have an interest in every aspect of an artist’s career.’
Check out our interview with BMC founder John Fleming on why he set up the event.
