Earlier this week, director George Lucas, executive producer and writer of the new movie Red Tails, was the guest on The Daily Show. As he sat down with Jon Stewart, Lucas discussed the difficulties of getting Hollywood to market “one of the first all-black action pictures ever made”. Lucas indicated that the movie studios did not have incentive to release this movie since it was not “green” (which both Stewart and I interpreted as environmental initially) and they would not know how to profit off of it. Additionally, “They don’t believe there’s any foreign market for it, and that’s 60% of their profit”.
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To promote his debut album, Together/Apart out on Rhymesayers, Seattle hip-hop artist Grieves (Benjamin Laub) and producer Budo made a lengthy trip out to NYC for an in store performance and to meet and greet his fans. His short set, from a Best Buy in Union Square, was streamed as part of the stores “Live at” series and is available below in case you missed it.
The UK’s White Belt Yellow Tag are a young band on the rise, with their year-old British debut LP being favorably compared by NME and others to stellar bands such as Elbow and Doves. Their brand new US EP, You’re Not Invincible, has just been released and we have the pleasure of presenting you with the premiere of “Postcards”. Fans of the aforementioned groups, as well as the Verve should dig this tune. Keeping with the postcards theme, White Belt Yellow Tag was good enough to share with us some photos from their recent trip to China along with their thoughts on the trip in their words. Check out the full photoessay after the jump.
There are some pretty massive names atop the lineup this year, with Eminem, Coldplay and Foo Fighters as the top of the bill headliners. We’re happy to see PopMatters faves Cee-Lo Green, Lykke Li and Ryan Bingham on there. Here’s the initial list of booked artists…
The music industry is dying. Heard that one lately? You can debate that endlessly, but one thing is certain: the record industry of the last 100 years is coming apart at the seams. Vinyl sales have been steadily escalating (great news!), but those sales combined with all other current mediums (CDs, digital downloads, and yes, cassette tapes) are not making up the ground of the bloated profits once enjoyed in the 1990s. The folks over at Business Insider released two fairly convincing graphs to document this startling decline. The first graph shows that overall sales are down 45% from their peak. However, after they published this one reader noticed that something was missing: inflation. The second graph represents something closer to reality, when adjusted for inflation. Once that is factored in, things are a lot worse than assumed. Since their peak in the late ‘90s, record sales are down a whopping 64%, further bolstering the reality that musicians today have to look elsewhere for sustainable revenue streams. Consider it this way: Eminem topped last year’s sales with 3.4 million. Rewind to 2000. The number one album that year, ‘N Sync’s “No Strings Attached” sold 9.9 million. The biggest question facing the music industry in 2011 is how to actively build new business models that can counter the steady decline of recorded music purchases.
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