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Prince Papers The House

Posted Mon Jul 16, 2007 12:12pm PDT by Phil Sutcliffe in The MOJO Blog

That Prince chap, he does like to lob a spanner in the music-industry works. It's record shop chains he's upset this time. They're calling him "absolutely nuts".

First he decided to give away a copy of his new album, Planet Earth, with every ticket sold for his 21 upcoming shows at London's O2 arena - incidentally taking tens of thousands of fans out of the market. Then he announced a free album for every purchaser of July 15's Mail On Sunday - up to three million CDs going out for the price of a newspaper. Which should supply remaining Princely demand nationwide. Without an album being sold.

That's when music retailer HMV's chief exec hollered "absolutely nuts" (to be fair, this is a bloke already besieged by downloads and internet sales). Whereupon Columbia, Planet Earth's putative distributor, said they wouldn't release the album. Why bother...?

Of course they're only letting rip because Prince doesn't give a toss and they know it. They've lost him. His Mail On Sunday flanker results directly from his posturing, yet also brave and significant early '90s stand against his then label, Warner - could have been any major, he was fighting standard industry practices. Prince hated it that the label owned his master recordings - his music, his heart and soul. He wanted out. So he took to appearing in public with "SLAVE" eyebrow-pencilled on his cheek.

By the time I talked to him at Paisley Park in 1999, he'd freed himself from both the offending deals and the facial graffiti. Gleefully, he cast aside conventional secrecy about money. Selling albums via his own website, he told me, made him $7 a copy. Through Warner it had been more like 7 cents, he claimed.

Previously, he'd spent sumptuous advances heedlessly, shifted millions of albums, and ended up owing Warner huge sums - maybe $15 million. But now The (independent) Artist invested his own money in making the record and reaped commensurate rewards.

Since '99 he's developed more sophisticated approaches to delivering music in the www era. He compromised his cut a little in exchange for one-off distribution deals with each of the majors in turn and, with relentless focus on the bottom line, adjusted his focus onto the hugely profitable live show circuit.

All the same, a giveaway deal with Britain's most notoriously conservative newspaper? How does that work? Well, it probably hasn't got much to do with the Prince camp's declaration that "the charts are just music industry constructions" nor the newspaper's hot air about proving "we've got a commitment to music and a passion for music".

Prince has a million good reasons for the MoS deal and all of them are dollars - his £500,000 fee, according to a rival newspaper. Cash on the barrelhead, probably more than he would have eventually cleared from retailing (an unlikely) 100,000 albums in the UK, and it offers the chance to reach multitudes of new listeners.

The relationship between musician, music, music lover and money has never been more shaky than right now. No one knows whether they will learn to live together in harmony again. But Prince is the one who's done the therapy already, he's whistling a happy tune regardless and no one can shut him up.

--Phil Sutcliffe, MOJO magazine

For daily MOJOness, visit http://www.mojo4music.com/

1 Comment

1. repomanish -
Good points, well made! I love Prince and despite the jarring choice of newspaper - as you say, the MoS was probably picked because it offered a lot of money and a large circulation - it's clear that this was a very smart (and profitable) bit of marketing on his part. It's hard to muster much sympathy for big corporations like HMV or Sony BMG, as they've been fleecing fans and musicians alike for years.

Yet the newspaper giveaway model only works for established artists who can rely on a huge fanbase to come to their shows and buy merchandise. I'm interested in the implications - assmuming there are any - for younger acts. If major labels stand to lose their iconic cash cows, where will they find the money to nurture tomorrow's star turns? Will they just leave that job to the independents and focus on back catalogue?

Most of the new music I listen to comes out on indie labels, but few of them possess the funds or infrastructure to reach a mass market (Domino and the Beggars/XL/4AD group being noteworthy exceptions). Is it still going to be possible for bands to cross over from the underground to mainstream - as Arcade Fire have done this year - without the advertising budget and TV/radio presence that moving to a major label (supposedly) ensures. I'm just asking, don't know the answers!
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