Patrik Wikström

The Music Industry


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       For Pia

      I would like to thank all the informants whom I have interviewed over the years. Your thoughts are at the centre of this work and without your involvement the project would not have been conceivable. I would also like to send thanks to my students, colleagues in academia and friends in the industry for helping me shape this book by giving me inspiration, encouragement and criticism along the way.

      One Sunday in early March 2008, the industrial rock megastar Trent Reznor, a.k.a. Nine Inch Nails, released his sixth studio project, Ghosts I–IV. The project consisted in total of 36 instrumental songs recorded during ten weeks in the autumn of 2007. Things were different this time though, primarily because even though Nine Inch Nails was a global brand and Trent Reznor had millions of devoted fans all over the world, he was at the time without a contract with a major record label after the relationship with Interscope Records had ended. Reznor reflected on the termination of the contract a decade later: ‘We weren’t selling enough records to warrant the giant advances that we’d been promised; these were contracts that didn’t see the cliff coming’ (Marchese 2017). The termination of the contract with Interscope was the beginning of a period when Reznor was able to experiment freely with how to engage and communicate with his fans. Reznor announced on the Nine Inch Nails website that ‘As of right now Nine Inch Nails is a totally free agent, free of any recording contract with any label.’ ‘I have been under recording contracts for 18 years and have watched the business radically mutate from one thing to something inherently very different and it gives me great pleasure to be able to finally have a direct relationship with the audience as I see fit and appropriate.’

      Reznor reflects on his time as a DIY musician: ‘It took the wind out of my sails as far as thinking of direct-to-customer as a sustainable business for a musician. In a way, that experience gave me a pre-emptive look at music today. You’re not making money from albums; instead they’re a vessel for making people aware of you. That’s what led me to thinking that a singular subscription service clearly is the only way this problem is going to be solved. If we can convert as many music fans as possible to the value of that, in a post-ownership world, it would be the best way to go’ (Marchese 2017).

      Reznor’s bruising experience of the disruption of the music economy during the first two decades of this millennium is a striking parable of the journey that the industry has taken since Shawn Fanning2 released peer-to-peer file-sharing to the masses in 1999 and changed the music industry forever. The insights gained during this turbulent process have been both costly and painful, but it was during this period and through experiments such as Ghosts I–IV that the contemporary music economy was forged.

      While Ghosts I–IV was not as financially viable as Reznor would have liked; it was a creative and fundamental break with the twentieth-century music industry model where vertically integrated multinational music companies controlled how, when and where their albums are released, promoted and distributed. The core of the Ghosts I–IV project was not the set of tracks recorded in Reznor’s recording studio in the outskirts of Beverly Hills. Rather, it was Reznor’s relationship with his fans and in the thousands of remixes, videos, comments and blog posts uploaded to nin.com, YouTube, ninremixes.com and a host of other more or less shady places in the Cloud.

      Figure 0.1 The Cloud as an Internet metaphor