I don’t often use the blog to rant about the injustices in the music world, but this piece of news struck me as completely ludicrous:
Recent visitors to the official Best Buy site may have noticed a link targeted to unsigned artists, informing them that they have an opportunity to have their album stocked by local stores, if they’re willing to pay–-ahem—$250 to get things rolling.
To quantify the charges another way, consider this thought from HypeBot.com:
“…normal industry margins run $3-$6 to the artist after packing, manufacturing and shipping (not including recording and promotion costs) are deducted. At that rate, an indie act would have to sell 40 to 80 CD’s just to recoup its $250 ‘start-up’ cost.”
My own blatant disgust with the idea aside, I’m very curious to hear what other music fans and indie artists have to say about this. Do you think Best Buy stands to pose a risk to the already-struggling smaller, independent local music retailers or are they too out-of-touch with the indie aesthetic to really matter anyway?
P.S. Madison is lucky to have a wealth of great independent music shops, staffed by people who are as passionate and knowledgeable about the music they stock as those who seek it out. Kudos to places like B-Side Records, Mad City Music Exchange, and The Exclusive Company for getting it right!
Filed under: Indie, Music News & Reviews, Sounding Board Blog Tagged: | b-side records, best buy, exclusive company madison, Indie, indie record stores, local artists, local madison retailers, local music, local music madison, mad city music exchange, Madison Music, Madison music scene, madison record stores, unsigned artists