Manage for Success: Goodbye 2011, Newsletter #120, December 2011


"Manage for Success" is a free monthly newsletter for record label executives who want to operate their companies efficiently and successfully. It's published by Keith Holzman of Solutions Unlimited, a management consultant, troubleshooter, and trusted advisor, and is based on his many years as a senior executive in the music industry.


Copyright 2011 by Keith Holzman, Solutions Unlimited. All rights reserved.


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Another year is quickly drawing to a close, and it hasn’t been a bad year for the music industry -- it just hasn’t been a really good one either. Not much has changed in the past twelve months except that overall sales have increased about 2%. That’s not a lot, but at least it's more positive than what we've experienced during the last few years.


There were a few significant changes at the majors. Warner Music Group was sold to Access Industries, and a few key execs at Universal moved over to Sony. As had been expected for quite a while, EMI Music will finally be sold, but not to Warners. It will be broken up into two entities with the label and artists going to Universal Music Group/Vivendi for a little less that $2 billion (that is, if governmental bodies in Europe and the U.S. permit one company to represent almost half an industry's market share -- it could yet end up in Warners' fold.) The other, and by far the more lucrative entity -- Publishing -- will be going to a consortium controlled by Sony Music and Sony/ATV at a cost of a little over $2 billion.


Probably the most interesting developments for music lovers this year included the release of the Spotify digital music service in the U.S. in late summer, and also the development and utilization of online storage of music and utilities, commonly called "The Cloud."


Piracy remains a problem, and despite lip service in Congress, not much has been accomplished to reduce the effects of unwanted stealing of music from artists, labels, and publishers.


As the year dwindles down, this is a good time to take stock of how you and your label fared during the past eleven months, but it's also a great time to prepare for the upcoming year and what's beyond. I've written about this in the past, and would like to draw your attention to a few previous newsletters.


Suggestions and useful ideas that might make next year easier and more successful are in an article "Year End Ideas Revisited."

http://www.holzmansolutions.com/articles/68-dec06.html


How to plan and budget for the following year was discussed in "Next Year's Budget."

http://www.holzmansolutions.com/articles/113-nov10.html


Ideas on how to survive and be profitable appeared in "Staying Alive."

http://www.holzmansolutions.com/articles/72-apr07.html


And here are some "Keys to Success."

http://www.holzmansolutions.com/articles/93rev-Jan09.html


To me, the future remains quite cloudy so I've decided not to make any predictions for 2012. However I'd like to take this opportunity to wish you and yours a very happy Holiday Season and best wishes for a healthy and prosperous New Year.


Until next time,

Keith Holzman -- Solutions Unlimited

Helping Record Labels Manage for Success.


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Copyright 2011 by Keith Holzman, Solutions Unlimited. All rights reserved.