
I think records were just a little bubble through time and those who made a living from them for a while were lucky … It couldn’t last, and now it’s running out. I don’t particularly care that it is and I like the way things are going. Recorded music equals whale blubber … – Brian Eno
I must create a system or be enslaved by another man’s - William Blake
From the summer of 2007 to the summer of 2009 I was the guitarist in an indie band that has since signed a record deal and achieved a degree of national attention. During one of the heated discussions that preceded my resignation, I tried to articulate why I felt so uncomfortable with the whole business of being in a guitar band in noughties Britain. As usual, I ended up saying that I thought way too much compromise and industry line-toeing was thought to be an inevitable part of ‘making it’. One of my band members turned round in exasperation and said: ‘so what do you expect us to do, all get day jobs as well?’ His point was that, in a very uncertain musical-economic climate, we couldn’t afford to risk getting all fussy and principled. Instead, in an unforgettable phrase of his, we ‘should be doing what’s expected of us’. But, aside from being slightly appalled by this attitude, I started thinking to myself: not having to rely on the financial support of a record label, with attendant conditions and restrictions? What an obvious idea.
This might sound like a romantic notion, but the more you look at the situation, the less far-fetched it seems. It’s becoming increasingly clear that we’re heading for some sort of major overhaul of how music, and art generally, is funded. Everyone knows about the difficulties currently being faced by the record industry. It’s generally accepted that physical distribution will become virtually obsolete over the next few years, as ‘record’ companies inch closer to total reliance on internet downloads. At the moment, the situation is grim, but the full extent of the crisis has not yet become clear. While sales have begun to taper-out, members of older demographics still buy CDs, and the music industry has thus far been able to harness the hype-fuelling potential of the internet to its advantage. So-called internet success stories of the last decade, such as Arctic Monkeys and Lily Allen, were successful primarily because they ended up selling a lot of CDs and downloads.












