Sun Records Sells Out, SXSW has lost their mind, Youtube's MASSIVE Payouts
What’s up everybody... My name is Sweet Deat, and thanks for coming back for another episode.
We've got a lot to talk about in a short amount of time, Sun Records just sold everything, but their Elvis catalog, there's a new Amazon Prime channel that's coming out based around music and vintage concerts, and a number from YouTube that will leave you mind blown.
So Sun Records joins the club and sells off their entire catalog except for Elvis.
I mean, let's be real. There's no price tag for Elvis, right. What was your favorite part of Elvis career? Because everybody has a favorite part of Elvis career because everybody loves Elvis, and if you don't love Elvis, you can leave... I'm kidding, I'm kidding. Mine was the fat era, like in the 70s when he was nice and big and round and saying the truth is marching on and stuff like that, I don't have the republic, that's my favorite Elvis era. And for all my regular listeners, I've talked a lot about buying a lot of the catalogs that are going around, and they snatched up some really cool artist catalogues, people like Roy Orbison, Johnny Cash, Jerry Lee Lewis, Carl Perkins and all for the low low price of 30 million. This still also included the logo and all of the things that are related to the brand as well, so it was a true sale all the way through and through with the massive consolidations of all of these record catalogs. It'll be really interesting to see how this all plays out in the future, so stick right here for more news on this particular subject.
There is a new Amazon channel that is coming out for Prime.
Did you know about it? It's called The Kota channel, and it's a collection of all of this raw footage and rare concert footage that maybe hasn't been released before or has been very limited. This center will also feature music documentaries and never before seen backstage footage of all types of iconic tours and such, so just a lot of music that's been caught on film that maybe hasn't had the chance to see the light, it's now coming out in this one interesting platform, however, Amazon is gonna charge you $4.99 a month for you to view this footage, now they have already released some of the major headlining concerts they're going to essentially release or documentaries, and here's a few of them music money and madness, it's Jimmy Hendrix in Maui, Rolling Stones on the air, Johnny Cash live at San Quentin. You'll also be able to catch the streaming Premier of Bob Dylan's Trouble No More, which is something that Dave Grohl collaborated with and will include a performance by The Dead and company, so they have a lot of people behind them on this... Pretty much everybody who's anyone, Sony Music Entertainment is an equity partner, for example, other partners include people like Warners, Rhino entertainment, mercury studios, real in the years productions, Korean magazine, and a whole host of others. So there's a lot of money behind this to make this work, but… Will you pay $4.99 for it? Let me know in the comments below.
South by Southwest is in the news this week, planning to have South by Southwest virtual 2021 for the low, low price of $249.
Who in the right mind wants us there at a TV screen for $249? Now, the $249 does cover everything. So you're talking... The key note addresses all the workshops, even all the concerts too, so you're getting a lot, but $249 to sit at home on your laptop or TV and be present, I don't know if half of the attendees from 2019 decide to buy this ticket price, that will equate to about a 20 million gross win for South by Southwest, but wait, there's more. This price will inflate to $399 after a certain period of time, so act fast and go get that really overpriced ticket for South by Southwest, which in my mind for artists has kind of been a scam for a very long time... Sorry, not, sorry.
Are you thinking about starting a podcast? Well, here's a little piece of information that might change your mind.
A new report that just came out and says that 99% of all the downloads in the world for podcasts are coming from 1% of the podcasts made... Now, obviously, if you're starting a podcast and you want to do that, you should… And any time you start any sort of multimedia type company or channel, like a YouTube channel like I have here, it should never be about the short game and how fast you can get people to follow you and all that kind of stuff, it really should be born out of passion, and it should be born out of the need to make people aware of whatever it is you wanna make them aware of, let's face it, I'm at 49 episodes and I only have a meager 263 subscribers. Thank you very much. The truth is, if you don't love doing it and you don't really have a real message inside of you that you wanna talk about, which mine is really educating people about what's going on in the music business world and giving this as a platform for them to... You know, get the quick hits and to be informed because it's important, if you don't have that sort of fire up or underneath of you, you're gonna run short on energy to do it and you're going to give up, but even though 1% is getting 99% of all the downloads.
That's okay. Treat yourself like a media company, I've said this a thousand times, and get your word out there about who you are and what you do, and let the community effect over time be your truth to carry on or some inspirational word like that. Me and finally, I have this little tidbit to share it with you about YouTube, how much did you to pay out in the last three years? Take a guess. I'll wait. Times up, what do you think? Well, you're probably wrong, it's 30 billion, and they're not stopping there with the development of YouTube shorts, which is supposed to be sort of a rival to the tiktok world that we're now living in. They should be poised to take on an even greater market share and pay out even more money, so... Congratulations, YouTube, you’re rich.