My musical investments
What’s the most you’ve paid for an album? Earlier this year,
I committed to spending £65 on an unfinished album by an unsigned act via
PledgeMusic.
The album was
Songs For
Crow and the act was Red Kite, a new band led by Daniel Fisher. Dan was a
key member of The Cooper Temple Clause, who as you may (nay, should) know are
my favourite band of all time, so I was thoroughly excited when I found out he
had decided to return to music. He released a clutch of demos a couple of years
ago, and it was clear even then that something special was brewing. His new
material is perhaps more conventional that the Coopers’
everything-plus-the-kitchen-sink approach, but it’s no less compelling or invigorating.
The blistering
Montreal with its
rapid-fire lyrics is their most immediate track, but there’s also more
expansive moments such as the stunning
No Painter of Note
which starts as an acoustic lament and blossoms into a Danny Elfman-style
orchestral movement.
Anyway, this isn’t meant to be a review of the Red Kite
album, but more a rumination on the nature of funding music, so let’s get back
on topic. My £65 didn’t just get me a (signed) copy of the album, it also got
me:
- A
bunch of extra songs that didn’t make it onto the album
- A
handwritten and personalised lyric sheet of the Red Kite song of my choice
(I went for Montreal);
- My
name on the liner notes (the second time this has happened, but only the
first time it’s been warranted – I’m credited on Elbow’s Cast of Thousands despite not actually being in the
audience for their show at Glastonbury that they sampled)
- An
iPhone acoustic performance of the Red Kite song of my choice (I went for The Good Ship Adventure, one of the
extra songs that didn’t make the album, because I – perhaps incorrectly-
believe it’s about Dan’s time in the Coopers);
- A
USB stick loaded with videos, photos, and the audio stems of Montreal
for me to (never) remix
All in all, a reasonably fair return for my investment. There
were lots of other investment options too (you can see them all
here), including hiring
members of the band to give you personal guitar and drum lessons, becoming an
“executive producer” so you could witness the album being mastered, and even
having the band write and perform a song for you.
Another Coopers alumnus Tom Bellamy is also using
PledgeMusic to raise money for his band Losers’ second album
And So We Shall Never Part. I’ve
invested far less in this album – a mere £22 which will get me a copy of the
album plus a copy of the remix album (something I’ll probably only listen to
once, but hey). Losers are offering some particularly bizarre investment
opportunities (again, you can see them all
here) such as a cooking
lesson and wine night at Eddy Temple-Morris’ house, a dinner and DJ set at your
house, and the chance to have them remix one of your songs. Much as I’d like to
send Tom one of my poorly recorded ‘songs’ from 2008 performed on an out-of-tune
acoustic guitar and tell him to make it sound like
Panzer Attack,
I haven’t got a spare £600 to flutter away on such frivolities.
Part of me thinks this is an amazing way of letting fans
access a band and be part of the experience of an album launch, whilst raising
capital and generally avoiding the machinations of the record industry. But I’m
also slightly concerned that it’s akin to whoring yourself out, complete with
set rates for various 'favours'. It also erodes the mystique of the
artist, but I guess social media is a far more abrasive agent in that respect.
There is no doubt however that this is the way forward, or
at least, one of the ways forward. Gone are the days when record companies
would pay artists eye-watering advance fees to get coked up and record an album
in a glitzy LA studio. My favourite anecdote/myth from this era is the one about how the major labels were fighting over themselves to sign a then
up-and-coming Mansun. One company tried to get to the front of the queue by
sending a prostitute and a crate of booze to singer Paul Draper’s house. He
sent the lady back, but not before plucking a bottle of champagne from the
crate.
Increasingly, artists are (voluntarily or otherwise)
circumnavigating the traditional means of music finance and distribution.
Amanda Palmer and Patrick Wolf have crowdfunded successful albums whilst Marillion
have got their fans to stump up for a whole string of albums and tours. And
then of course there’s John Otway. Because I’m too lazy to do my own research,
I’m going to use James’ notes on him word for word:
"In an odd way, John Otway was a crowd-sourcing pioneer. He
convinced 1,000 fans to pay - if memory serves - £5 each to sing on the B-Side
to Bunsen Burner, his cover of House Of The Rising Sun.
He explains this, seemingly, at the start of the video, because each fan that
paid then went on to buy a copy of each version of the single (three in all) which
then put it to - again, if memory serves - number 7 in the charts.
So the fans pay for the recording of the single then pay
for the single three times over.
He kept trying to do this shit, as well, and almost got 150
fans to pay for the world tour which - I think - they would have
travelled with him on. Basically, a chartered plane and such.
Also, there's now Otway: The Movie. Funded by fans. I
kid you not."
I’m sure other models of financing new music will emerge in
the years to come, and it may well be that there is no longer one definitive
model to which the industry is bound. And that can only be a good thing, even
if it means artists now have to start getting a little closer to their fans
then they may like. They may have to endure giving a guitar lesson to a lunatic
devotee, but at least they’re not selling their body parts. Not yet, anyway.