Music News: First unsigned artist to get #1 on Hot 100 since 1994

Dust2

http://www.collegiatetimes.com/stori...ustry-standard

Quote:

Have you ever been to a thrift shop? If you have, then you’re participating in the latest transformation of the music industry. A small indie, genre-bending hip hop artist from Seattle has changed the landscape of music business forever. If you have not heard of Ben Haggerty, known globally as Macklemore, you need to start listening. His rise to the top has the era of dominant music labels is crumbling.

According to Entertainment.ie, Macklemore has recently become the first unsigned artist to reach number one on the U.S. music charts since Lisa Loeb did it in 1994 with her song “Stay” from the popular movie, “Reality Bites.” However, Macklemore did not have a hit movie to promote his song, but what he did have was a strong social network following and a passionate fan base.

Macklemore did not have a powerful label promoting his songs on the radio. He did not have a world famous producer making his beats. He did not have name recognition in the rap game. With simple word of mouth and an Internet takeover by his fans, Macklemore’s song “Thrift Shop” has become a staple on the radio waves without any label backing.

“Thrift Shop” is approaching 70 million views on YouTube, and Macklemore has performed on Ellen, the daytime talk show hosted by renowned comedian Ellen DeGeneres.

What does this mean for famous music labels like Warner Bros., Island/Def Jam, Aftermath, Epic, Atlantic and Columbia? Macklemore has showed us that he does not have to conform to a label’s requirements or creative control over his music to become popular.

Advantage of owning your song/your own label: You get 70% of the revenue from Itunes/Amazon/Spotify.
If you sign to a major label: You get around 10% of the revenue from Itunes/Amazon/Spotify. The major label gets 60%.

Jeiboy

Lisa Loeb >>>>

Stay >>> Thift Shop

unsigned really?

Dust2

Quote:

Originally posted by berberocka

unsigned really?

Yes. Unsigned.

Unless if you make your own label to sign just you count as signing.

YM8

What if your from your own label .. Like Lil Wayne with YMCMB how much profits do you get ?

Harry

No wonder it's so damn hard to find his album

Jeiboy

Quote:

Originally posted by Dust2

Yes. Unsigned.

Unless if you make your own label to sign just you count as signing.

How bout Macklemore LLC ? isnt that his label or not?

Brando

Even more impressive now

jason_z89

We should suport small independent labels! **** Universal, Sony and Warner!

reloaded

Poppin tags!

Gagasm

Quote:

If you sign to a major label: You get around 10% of the revenue from Itunes/Amazon/Spotify. The major label gets 60%.

Wow, really?

Props to Macklamore & Ryan

Dust2

As for what an artist get from signing with a major label:

http://www.musicbizacademy.com/articles/dl_newmedia.htm

Artist iTunes Royalty (with wholesale markup)
$0.99 download single song price to the consumer
less $0.29 to Apple
left $0.70 x 130% (wholesale markup)
x 12% (net artist net rate) = $0.1092 cents per download

Artist iTunes Royalty (without wholesale markup)
$0.99 download single song price to the consumer
less $0.29 to Apple
left $0.70 x 12% (net artist net rate) = $0.084 cents per download

Artists will get anywhere from 8.4% to 10.92% of an Itunes song (if they sign with a major label).
The artist will get 70% if they are their own label (aka they own the rights to their songs)

Reza

They betta pave the way!

QueenBLadyG

They are making BANK! So happy and proud of him! He has been working hard for years and deserves it!

JonathanLGardner

YES.

Now it's time for Tenitra to follow on indepedent label Light Records/E1

unbothered

Wow, he's literally gonna be an overnight millionaire once he starts to see royalties.

NotTonightTho

Isn't it Lisa Loeb?

UnusualBoy

Wow, I didn't know about that, that's cool. They will get lot of money

Kings.

Yes Mackle

NikkiFloresFan

Congrats!! Labels better start paying attention. They are no longer necessary.

Dust2

Quote:

Originally posted by NikkiFloresFan

Congrats!! Labels better start paying attention. They are no longer necessary.

if you have a sizable following in social media, that might be true.

If Katy Perry contract run out and she signs herself to her "1-woman label," she would get 70% of revenue from each song downloads/ stream.

She can hire people to help her. Other songwriters/producers/publicists etc...

As long as she put out quality songs, people will buy.