EMI & the loose cost of £50...   
Paul Pi  28 Feb '08  
So here you have a record company now managed by an equity fund...and here's Guy Hands (the new Big Cheese at EMI) today, a month or so after taking the helm of a key music industry 'institution'...

"What we are doing is taking the power away from the A&R guys and putting it with the suits - the guys who have to work out how to sell music. Trying to persuade 260 people to give up their power has been hard."

"We had labels at EMI that were spending five times as much on marketing as their gross revenues. We told them you could stick a £50 note on the cover of a CD and have the same effect, and we also wouldn't have to pay them. Those sorts of comments don't go down too well."

It would have been instructional - and in all probability highly amusing - to have been a fly-on-the-wall in on some of those encounters...

Ironically, ol' hatchet Hands is totally correct in appraising the situation (and thereby it's solution) on behalf of his shareholders. Clearly their interests carry far more import than those of the mere music lover or artist... an exemplary and honest appraisal of where our 'culture' is actually at, in fact...

But wait, there's more - turns out Guy isn't quite as simplistically reductive as he at first appears:

"In years to come investment banks will be seen as a classic case study of a businesses doing very very well making ever increasing profits year after year but that very success hiding where profits were really being made.

"To give you an example that is close to my heart, it reminds me of EMI and all the major record labels in the 1990s believing their success was due to their personal genius and ability to find and market new music, when in fact it was only due to the baby boom generation replacing their vinyl with CDs.

"The banks have made extraordinary profits in the last few years out of collecting assets, packaging them up, selling them on and accelerating the expected earnings on these assets. People need to realise that the basic businesses of banking, which is lending and advising, have simply not become fundamentally more profitable over the past few years."

The inhuman condradictions inherent under the tyranny of Capital are becoming increasingly self-evident - to even the poster boys of free market capitalism. A necessary increase in consciousness it is clear, is upon one and all...


anonymous    21 Sept '12   
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anonymous    21 Sept '12   
Hi there. I just came upon your blog post because I was acalutly asking myself this same question How many museums/galleries have blogs . I found your report very interesting and I agree that museum blogs are one in a million and it's a shame! The notion of Web2.0 and Blogging has such potential as a vehicle for timely communication among like minded people .I'm interested in this topic because ArtLOOK is a bit unique as it focus' on web design and online marketing for artists, galleries and art concerns. ArtLOOK has just posted, on April 19th, a brief article on How Blogging Can Help Your Art Career . Of course, this info serves museums as well.I have to tell you that 7 years ago when i started my business, I was told by a museum curator that my intention of creating web design for galleries, and museums was very pedestrian . Well not so anymore with nearly every gallery/museum having an online presence. Perhaps as you say next year museum blogs will not be so one in a million . I'd be very interested in any follow up/discussions/meetings you have on this matter.
anonymous    06 Dec '12   
Although Science Buzz uses a variety of tools to meet its goals, a lot of aenottitn was paid to its blog. You don't find blogs on too many museum websites. I suspect part of this is due to the quick, informal reputation of blogging, which runs counter to the slower, more rigorous processes of exhibit curation and peer-reviewed publishing that most museums value. And part of it, I'm sure, is that most museums have far more goals than resources, so you won't find too many administrators willing to commit staff time to writing or maintaining a blog.
Fringe podcasters,Th  
   03 Dec '14   
Fringe podcasters,This eidpose is only coming through as 1kb in my iTunes feed, and when I downloaded the direct file, it also only came through as 1kb.Thank you!
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