Launching Your Music Career On eBay

from the how-much-for-the-singer-in-the-window? dept

One of the potential business models for the music industry that people have discussed is something of a patronage model, where musicians don’t actually release music until they’ve found supporters willing to pay for the costs. It appears that one aspiring musician in India made a slight, internet-age, modification on this plan. Recognizing the power of selling something on eBay as a PR tactic to get more attention, he sold the rights to a fraction of his lifetime royalties on eBay. Apparently, he found enough people to take a chance and finance his album. Of course, as he notes, the problem with doing things this way is that he doesn’t have the promotional force of a record label behind him to push the album in order to try to increase the royalties that these patrons would get.

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Comments on “Launching Your Music Career On eBay”

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acb (user link) says:

Argument for perpetual copyrights?

This looks like an argument for copyright extension: if copyrights didn’t last indefinitely, these rights would not be valuable enough for such a model.

Of course, one could extend this model to other situations where people need funding to get started. Perhaps eventually we’ll see college students selling shares in their future incomes?

Mike Linksvayer (profile) says:

Re: Argument for perpetual copyrights?

No, the present value of revenues collected decades from now is the same for anyone (modulo different individual discount rates) — a tiny fraction of the value of revenues collected now. Participation by investors doesn’t change the arguments for or against perpetual copyright at all.

acb (user link) says:

Re: Re: Argument for perpetual copyrights?

The “long tail” argument (borne out by observations of the value of back-catalogue sales) suggests that the post-peak revenue, while smaller than the peak revenue, is not insignificant. And the BBC article itself states that the length of copyrights exceeding the immediate needs of the artist’s income gives this model its value.

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