MySpace Needs to Shock Us and a New Music Player is Not Shocking

MySpace IconJust what we need another music player. In my opinion if MySpace wants to release something that is going to get people’s attention and get them to think about returning to the site they need to do something that nobody else is doing. What would that be? I don’t know, but a music player with recommendations, search engine and Facebook integration is not it. How many music players are we each going to use? MySpace needs to shock us, they need something that will have us going… Wow! For me this is just a yawn.

After teasing a few key advertisers with a short presentation in September, MySpace has debuted its first major product offering under new owners Specific Media. The new MySpace music player launches today with enhanced music recommendations and built-in search engines to increase time spent with the player, as well as a Facebook integration that should mark the official end of MySpace’s attempts to compete for the social-networking crown.

via Exclusive: MySpace Launches New Music Player, Search Function, Facebook Integration | Billboard.biz.

Music Biz Weekly Podcast 14 – MySpace, Google +, Turntable.FM and Radical.FM

The Music Biz Weekly PodcastWelcome to episode 14 of The Music Biz Weekly, a weekly podcast co-hosted by Michael Brandvold and Brian Thompson.

Each week Michael and Brian will discuss the latest events in the music business and music marketing events and techniques.

This week’s episode, July 1, 2011 – MySpace, Google +, Turntable.fm and Radical.fm

Radical.fm Press Release

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Tune in every week for the latest discussions and comments on the music business

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About Michael Brandvold:

Michael Brandvold is a freelance music industry consultant based in Northern California. Having launched Michael Brandvold Marketing to leverage his years of experience to provide direction to large and small clients in the areas of online & social marketing as well as e-commerce and customer acquisition and retention.

Gene Simmons of KISS first tapped Michael’s skills as a pioneering online marketing strategist to launch and manage all aspects of Kissonline.com’s multi-million dollar enterprise, including their ground-breaking VIP ticket program.

Michael has also managed the online efforts for Motley Crüe, Rod Stewart, Madonna, Ozzy Osbourne, Madonna and Britney Spears to name only a few.

About Brian Thompson:

Brian Thompson, Managing Partner for Thorny Bleeder Records, is a Vancouver based music industry entrepreneur, record label owner, artist manager, marketing consultant, radio promoter, publicist, web designer, blogger, and industry speaker.

Formerly the corporate head of music buying and marketing for a large national music retail chain, Brian has since moved on to become a well respected voice on the convergence of artist development, music marketing, social media, and technology.
Transcriptions done with assistance from Tak (pronouced TACK) from The Pawnshop Manual. Go check their music out at www.thepawnshopmanual.com.

Can Justin Timberlake Save MySpace? I Don’t Have Much Faith.

Unless you have been off the grid you must have heard that MySpace was sold this week for $35 million, quite a loss from it’s over $500 million purchase price. Shortly after the news of the sale it was also mentioned that Justin Timberlake is taking part ownership in MySpace. Initially I thought he might have been part of a investment group, but the reality is he will have much more involvement in the new Myspace. Mashable posted the short update below on his involvement.

Timberlake was quoted saying, “There’s a need for a place where fans can go to interact with their favorite entertainers, listen to music, watch videos, share and discover cool stuff and just connect. MySpace has the potential to be that place,”

Justin, there are a couple places for that right now… Facebook and YouTube. You might have heard of them. “MySpace has the potential to be that place,” no MySpace HAD the potential to that place. I think the window has closed for MySpace be a player in this space. First of all you have the name MySpace, as a brand I think it is pretty tarnished and holds no credibility. It has been the joke of the internet for a couple years.

They go on to say… They also plan on launching “socially-activated advertising campaigns,” according to the statement, which would let users share their favorite ads with friends.

Raise your hand if you are looking for a place where you can share ads? I thought so, not too many. If you feel compelled to share ads, again there are two great places that you can do that now; Facebook and YouTube.

I don’t think Justin Timberlake is going to be able to bring any special insight to MySpace. MySpace has been beaten down so much it will take something amazing to bring it back to being a serious player.

Today, we learned MySpace had been sold for $35 million to an advertising network called Specific Media. Now, the company says singer Justin Timberlake will take an ownership stake in MySpace and play a role in its future.

According to MySpace, we should know more about Specific Media’s and Timberlake’s vision for the the company later this summer.

“There’s a need for a place where fans can go to interact with their favorite entertainers, listen to music, watch videos, share and discover cool stuff and just connect. MySpace has the potential to be that place,” Timberlake said in a statement. “Art is inspired by people and vice versa, so there’s a natural social component to entertainment.”

Timberlake and Specific Media plan on focusing the site on entertainment, aiming to make it the place to go for original shows, videos and music. They also plan on launching “socially-activated advertising campaigns,” according to the statement, which would let users share their favorite ads with friends.

We’ll have more when we hear it.

via Justin Timberlake To Take Ownership Stake in MySpace.

8 Reasons Why You Need to Have Your Own Website

I was asked to write a guest blog on the topic of why it is important to have your own website. Well for whatever reason the blog was never posted and episode two of The Music Biz Weekly podcast reminded me that I still have this blog and that I should post it. This is a topic that I am passionate about. Let me make this clear, you must have your own website. Let me say that again… you need to have your own website.

Great social networks will come and go, and they are all important. You should be active on as many as possible. They are all great places to extend your website, extend your brand and presence. But everything should come back to your website.

It’s 2011 and you would think it is obvious why you need your own website. I can’t tell you how many conversations I have had where the other party says “I have a MySpace page, or I have a Facebook page or I have a Reverbnation page… I don’t need a website.” Or how many people have their own website, but spend all their efforts driving everyone to Facebook. All they seem to care about is how many Likes they can get. You should care about how many visits you get to your website. Some people don’t look at a website as a significant part of their business or brand. They may see it as a afterthought, something they guess they should do. If you were to open your own restrauant is the building and location that last thing you would think about? It is your future, everything you hope to achieve depends on it. Your website is your bit of real estate on the internet and it will be yours potentially forever. Make sure you treat your online presence with all the seriousness you can.

Here are some important items to keep in mind.

1. Own your domain and site

Easier said than done, but you should make every effort to retain ownership of your domain name and website. Don’t change the Administrative Contact for your domain over to someone else unless you absolutely must. Try to avoid signing contracts that when they are terminated leave your domain and website under the ownership and control of another party. If that occurs you will have no control over what happens and you won’t see any revenue from a website with your name on it. During a contract you can let someone else manage and operate your website, but do not let them own it.

2. Do not redirect your domain to MySpace or Facebook

You should be using Facebook, Twitter, Reverbnation or any of a dozen other social network sites to generate traffic to your website. To redirect your domain to a social page is to give your traffic to somebody else, for them to monetize and you to not share in the revenue. Traffic on the internet is money. When you are finally ready to launch your own website how do you plan to get everyone who is going to Facebook or MySpace back to your site? You have already conditioned them to just visit Facebook or MySpace.

3. It is your brand which you own and control.

Your domain and website is your brand and you have full control over it. You decide how you are going to be presented. Use MySpace or Facebook and you are not the brand, they are. You will never be more important than their own brand. They will always come first over your brand and your desire to promote your brand. Don’t let someone else control what you can do with your brand.

4. What is the future of MySpace, Facebook?

Ok this will date myself, but I remember when AOL was “it”. When everyone was trying to establish their business on AOL. Everyone was advertising their AOL Keyword. Where is AOL now? Ok, how about Geocities? Everyone was building their website on Geocities for free. Nobody wants to invest any money in their website and Geocities let them get online for free. Where is Geocities now? And just how good were all those free websites? Or what about MySpace? Everyone knows about MySpace. Just five years ago they were “it”. Everyone had to be one MySpace. Everyone was growing their friends list on MySpace. We were all spending time customizing our MySpace page, blogging on MySpace. Where is MySpace now? MySpace recently announced a partnership with Facebook in hopes of breathing some life into the ghost town. What is the point of all this you ask? Do you know where Facebook is going to be in five years? I don’t think they will disappear, but they sure could change. Don’t put your future, your brand, your money into the hands of another website. Tomorrow they could be the latest fade or worse sold to someone who has different plans. In the case of Facebook, why would you send your traffic to a website that requires registration for any sort of interaction. You don’t get to gather that registration information, Facebook owns it. You are sending your fans to Facebook, for Facebook to market and make money from.

5. TOS, Terms of Service – you want to define them, not the lawyer from another website.

This is directly related to #4. Don’t set yourself up on a site that the Terms of Service, TOS, clearly state they do not support content you might wish to post. Anything of a adult or sexual nature is going to get deleted by Facebook. Nikki Sixx recently tried to post a image from the new Sixx AM album and Facebook kept deleting it. Even in rock n roll you might have something that Facebook feels is too sexual. MySpace and Facebook are clear examples. You spend your time and money establishing yourself and sending your traffic to Facebook or MySpace and then one day you log in and your account is deleted. What happened? Your content was most likely reported by someone and without any notice your account and work is gone. Build a website where you decide what is appropriate and what is not. Don’t let the lawyer at some other company decide if they like what you are doing. I am not saying to not use Facebook or MySpace, I am saying DO NOT make them your primary website. Use them as traffic sources to your website.

6. Sales – you can keep a bigger piece of the pie.

You want your own website so you can sell whatever you want, and keep a bigger piece of the pie. Although selling on other sites is possible there are usually hoops you need to jump through, and back to #5, what you are selling might be against the TOS and be cause for your account to be deleted.

7. SEO

Good luck trying to manage the SEO on a Facebook or MySpace page. If you have your own website you have full control over your SEO, over how the search engines will see you and what your target keywords are for your brand. If you have a strong presence on the various social network sites with links back to your website, Google will see those links and give you some SEO juice.

8. Stay on the cutting edge

With your own website you can experiment with all of the new internet technologies and tools when they are released. You are not at the mercy of a corporate giant who will decided when and if they want to adopt a new technology. If you build a WordPress based website you can play around with 1000s of plugins that add new functionality to your website. One click and you are streaming audio, one click you have a podcast being served through Apple iTunes. One click you have a events calendar.

Your website should be the center of your online universe, with all the various social networks revolving around it. Use the social networks to send traffic to your official website. Use them to be social, to interact with your fans and customers. Don’t spend your time and money to build up another website, spend it on your brand… spend it on yourself!

How Facebook Beat MySpace – Adam Hartung at Forbes

MySpace / Facebook comparison screenshotsphoto © 2009 kevin | more info (via: Wylio)The following Forbes article is a interesting take on what happened to MySpace and contributed to it’s downfall and why Facebook is succeeding where MySpace failed. I found this even more interesting because the MySpace world outlined below is very similar to the environment of my last company.

“MySpace demonstrates a big fallacy of modern management.  The belief that smart MBAs, with industry knowledge, will perform better.  That “good management” means you predict, you forecast, you plan, and then you go execute the plan.  Instead of reacting to market shifts, fast, allowing mistakes to happen while learning what works, professional managers should be able to predict and perform without making mistakes.  That once the bright folks who create the strategy set a direction, its all about executing the plan.  That execution will lead to success.  If you stumble, you need to focus harder on execution. “

That is a pretty accurate description of how my last company operated, and the results were not that stellar. Executives predicting the future, over meeting, over planning, no review of mistakes, executing the plan and no focus on the marketplace.

Read the following and think about how you are executing. Don’t get caught up in over planning and make sure you are listening to the marketplace and your customers.

How Facebook Beat MySpace

By ADAM HARTUNG

Before there was Facebook, the social media juggernaut which is changing how we communicate – and might change the face of media – there was MySpace.  MySpace was targeted at the same audience, had robust capability, and was to market long before Facebook.  It generated enormous interest, received a lot of early press, created huge valuation when investors jumped in, and was undoubtedly not only an early internet success – but a seminal web site for the movement we now call social media.  On top of that, MySpace was purchased by News Corporation, a powerhouse media company, and was given professional managers to help guide its future as well as all the resources it ever wanted to support its growth.  By almost all ways we look at modern start-ups, MySpace was the early winner and should have gone on to great glory. Continue reading