has a Payback for Playback program, which lets independent artists receive money for songs posted on that online music portal. There have been other Web companies set up to promote independent artists, including Redwood City's Riffage Inc., which went out of business last year, and Universal Music Group's. "There are hundreds of independent record labels out there that are doing just fine in the single-digit, million-dollar revenue range," said Sinnreich. "may have to rejigger the benchmarks," he said.īut he said could eke out a successful slice of the $40 billion worldwide record market. Sinnreich said he is skeptical about the ability of independent bands to sell enough CDs to get the big prize. "It scales the amount of investment the band gets directly to the amount of success they have marketing their product."
"The interesting thing about Garageband is they only are throwing good money after good," Sinnreich said. With, the development costs are directly related to actual sales, he said.Īram Sinnreich, senior analyst with Jupiter Media Metrix Inc., said Garageband's plan to develop artists makes more sense than the "voodoo approach" used by the record labels. But with the listener reviews on the site and Garageband's rating technology, "We think we have a better sense of what is going to stick." "They throw them up on a wall and see what sticks," he said. Traditional record labels typically spend $500,000 to $5 million or more to find and develop bands, and hope that 1 out 10 becomes successful enough to recoup those costs and make a profit, Zito said. If a band sells 30,000 CDs, it gets the $250,000 contract to produce a new album. If 1,000 CDs are sold through, the band gets an additional $20,000. Once they are picked, the bands get $10,000 each for marketing and promotion, and will pick up the cost of manufacturing CDs. The company hopes to help about 60 bands. will pick the top five bands, based on sales and reviews, every two months. Under a plan called the New Deal that the company will officially introduce June 1, the most-popular artists could become eligible for a record contract worth up to $250,000.īut to get that contract, the bands first have to prove themselves by selling CDs. Zito, the chief executive, said about 200,000 people regularly visit the site and review the tracks.Īlso, advisory board members take turns critiquing the work of Garageband artists. The firm's board of advisers has several music industry luminaries, including Sir George Martin, the producer who signed the Beatles in 1962, and Steve Lillywhite, who has produced albums for the Dave Matthews Band and Phish.Ībout 35,000 bands from 53 countries have uploaded tracks onto Garageband in a wide variety of styles. "We're not relying on the economy growing to be successful." "We've identified something the Web can do uniquely and didn't require any new technology," said Harrison.
#Garageband com software
The company uses software that filters the responses of visitors and gauges the level of fan interest in each act. Visitors to the Web site can listen to music, submit reviews and buy CDs. Former Grateful Dead manager Cameron Sears is vice president of music. was co-founded in 1999 by Jerry Harrison, musician, producer and former member of the group Talking Heads former Washington Post rock critic Tom Zito and Amanda Lathroum Welsh, a former Silicon Valley video-game designer and entrepreneur. Yuma House is one of the first bands selected by for a unique online program that offers $10,000 to $250,000 record deals to help independent musicians find the path to stardom. "We'd love to end up with a recording contract," said Chang, 30. The 23-employee company, which recently relocated from the Embarcadero to a former auto repair garage in the lower Haight, is set up like a small record label that funds the development of unknown independent artists. , however, is counting on selling CDs online by exposing Net customers to new music and artists.
#Garageband com free
With MP3s and Napster turning free Internet music into a popular pastime, the big record labels are teaming with big technology companies in a scramble to find some way to profit from online services that sell songs by streaming or downloading. That's why the alternative-rock band just agreed to sell CDs through, a small San Francisco Internet music company that is also hoping to find success as an online record label.Īt a time when many Net music companies are floundering, 's management team includes a roster of well-known musicians and record producers who believe they have written a hit business plan.
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