Tommy Boy's Tom Silverman Explains How Labels Buy Back Their Own Product
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Ear2DaSt
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in The Reason
After helping launch the careers of artists like Naughty By Nature, Digital Underground and De La Soul at Tommy Boy Records, Tom Silverman now wants to introduce a business model that will split revenue and costs with artists 50-50. But, he says the current business model, which includes a lot of alleged shady accounting, and payola needs to be scrapped. In an interview with Wired.com, Silverman also explained how and why labels buy their own product in bulk.
“If they buy 50,000 songs, we’re talking $50,000 less 70 percent, so it would cost about $15,000,” Silverman explained. “For $15,000 in a week, they can buy 50,000 more song downloads, which could drive the record up three or four positions on the chart. And they hype of it all would make people believe it, and then the next week it would be real, which is what always used to happen.”
This is hardly the first time labels have been accused of buying their own artists album to boost sales, with the most recent being 50 leveling similar accusations against Def Jam.
“They could have only one scan and have it count four times,” 50 told UK magazine Uncut, after losing a domestic sales competition to Kanye West in 2007. “West’s entire career hasn’t sold half what I sold on my first album.”
No one has actually proven labels buy their own product to boost sales, and technically the process is not illegal. Additionally, The Wall St. Journal reports the figures may be inaccurate even if some labels aren’t buying their own artist’s material.
“Record labels don’t always request certification, and sales might not be tracked for more than a short period of time after an album is released,” states Carl Bialik of the Journal. “On the other hand, the certified numbers might overstate sales if stores order more albums than they are able to sell.”
“If they buy 50,000 songs, we’re talking $50,000 less 70 percent, so it would cost about $15,000,” Silverman explained. “For $15,000 in a week, they can buy 50,000 more song downloads, which could drive the record up three or four positions on the chart. And they hype of it all would make people believe it, and then the next week it would be real, which is what always used to happen.”
This is hardly the first time labels have been accused of buying their own artists album to boost sales, with the most recent being 50 leveling similar accusations against Def Jam.
“They could have only one scan and have it count four times,” 50 told UK magazine Uncut, after losing a domestic sales competition to Kanye West in 2007. “West’s entire career hasn’t sold half what I sold on my first album.”
No one has actually proven labels buy their own product to boost sales, and technically the process is not illegal. Additionally, The Wall St. Journal reports the figures may be inaccurate even if some labels aren’t buying their own artist’s material.
“Record labels don’t always request certification, and sales might not be tracked for more than a short period of time after an album is released,” states Carl Bialik of the Journal. “On the other hand, the certified numbers might overstate sales if stores order more albums than they are able to sell.”
Comments
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Not providing a link on this 7 yr article?...
https://www.wired.com/2010/07/tom-silverman-proposes-radically-transparent-music-business/
Game has changed, what is the point of this thread (Jay going plat???)...
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^dude aint played for the rockets in about 7 years yet yall still use the same ole gif
stop jumping to conclusions it's just an article and they still doing that ? best beleve -
Not providing a link on this 7 yr article?...
https://www.wired.com/2010/07/tom-silverman-proposes-radically-transparent-music-business/
Game has changed, what is the point of this thread (Jay going plat???)...
Jay z pre buys his cds to go plat b4 they hit tha shelfs an net… I wonder wat jay would sell in this day n time if he ain't buy back his own ?
I say
800k -
trendsetta1030 wrote: »Not providing a link on this 7 yr article?...
https://www.wired.com/2010/07/tom-silverman-proposes-radically-transparent-music-business/
Game has changed, what is the point of this thread (Jay going plat???)...
Jay z pre buys his cds to go plat b4 they hit tha shelfs an net… I wonder wat jay would sell in this day n time if he ain't buy back his own ?
I say
800k
http://news.hiphopearly.com/check-the-first-week-projections-for-jay-z-444/JAY-Z’s 4:44 album went platinum in just three days.
But it was a Tidal exclusive for its first week and those numbers including Sprint buying a ton of downloads and giving them away for free.
4:44 got its wide-release yesterday, and Hits Daily Double is projecting it moves between 250k – 275K SPS with 150K -175K of those being traditional album sales. -
trendsetta1030 wrote: »Not providing a link on this 7 yr article?...
https://www.wired.com/2010/07/tom-silverman-proposes-radically-transparent-music-business/
Game has changed, what is the point of this thread (Jay going plat???)...
Jay z pre buys his cds to go plat b4 they hit tha shelfs an net… I wonder wat jay would sell in this day n time if he ain't buy back his own ?
I say
800k
http://news.hiphopearly.com/check-the-first-week-projections-for-jay-z-444/JAY-Z’s 4:44 album went platinum in just three days.
But it was a Tidal exclusive for its first week and those numbers including Sprint buying a ton of downloads and giving them away for free.
4:44 got its wide-release yesterday, and Hits Daily Double is projecting it moves between 250k – 275K SPS with 150K -175K of those being traditional album sales.
Ny n!ggas explain this……