Al McWilliams is reconciled to the fact that the music industry can no longer support itself through the sale of CDs. He is currently experimenting with different business models that recognize this fact.
In this 10 minute podcast (download iPod compatible, 51MB), Al McWilliams describes Quack Media's role in the multilayer filtering system that brings musical acts to the public's attention. Currently, Quack plays the role of an indie label, discovering local bands and then signing them to recording contracts where Quack pays a royalty on record sales.
A central issue in the music industry is that it has become harder to make money. In part, large record labels may have lost touch with their public and no longer provide music the public wants. In part, the rise of the mp3 (a free digital music format) may have taken the bottom out of prices in the music business. At any rate, Al feels that the classical model of monetizing music through record sales no longer works.
Al is currently experimenting with something he calls a music partnership and has signed a prominent local band, The Hard Lessons, to one such contract. At the time of the interview, Al would not go into details because the contract was still pending. Based on a read of Quack's website, the contract seems to be based on a fuller promotional package oriented toward events.
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