This blog post is my analysis on the economic podcast “Manufacturing the Song of the Summer” by Planet Money. This podcast appeared on the Planet Money website on July 8, 2011. This podcast is an overview of how a hit song is made and costs. I figured it was expensive to make a song, but did not realize the exact amounts. According to the podcast to make a hit song costs over a million dollars. This cost is before the song is even a hit! The risk for this can be good or bad. If the song is good it will be played by everyone, but if not you pay all this money to make a crap song. If you think about the amounts of money the top artists make this is not that much to them. Most do not even write their own songs and is part of the costs to make the song. 
One thing I disagree with the whole music industry is how they cannot pay 
to put their songs on the radio. This is called payola. Companies can pay to put advertisements on the radio, but artists cannot for their music. This does not make much sense to me at all. I think they should be able to without having a problem. They get around this by treating these people good. They take them out to nice places and give them nice gifts. This helps them remember who was nice to them and throw their song on the air for a few spins. 
No comments:
Post a Comment