Tuesday, March 2, 2021

jason hirschhorn's @MusicREDEF: 03/02/2021 - Selling and Reselling NFTs, Cloud Nothings, Remembering Michael Gudinsky, Pooh Shiesty...

The acts that look after the fans will be the ones that last.
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Tuesday - March 02, 2021
Ed Sheeran launches an Australasian tour by sharing some bubbly with Aussie music mogul Michael Gudinski in Perth, March 1, 2018.
(Matt Jelonek/WireImage/Getty Images)
quote of the day
"The acts that look after the fans will be the ones that last."
Michael Gudinski, Australian music industry giant, 1952 – 2021
rantnrave://
New Fangled Thingamajig

So OZUNA put an edition of 15 NFTs on sale Saturday—you know what an NFT is, you've known at least since last Tuesday or Wednesday—each of them containing 19 seconds of music accompanied by a digital animation that would work nicely on the wall of a rave in 1998 (and, to be fair, probably on the wall of an illegal 2021 pandemic rave, too), and all 15 sold out, and three of them have already been resold at four-figure-ish markups, and nine more were available for resale as of early this morning at asking prices ranging from (don't ask why) $5,115.14 to (seriously, don't ask) $50,000. Don't let me disrupt your art auction fun but that sounds more like a pyramid scheme to me, but maybe that's just me. Anyway here's a good short thinkpiece by MICHAEL DONALDSON musing on both the environmental cost of all this and the coming class stratification in which "music's 1% will dominate, just as they do on SPOTIFY" while not discounting the very real creative possibilities for the format. I agree. Producer 3LAU, meanwhile, reportedly just sold $11.7 million worth of this digital stuff in an auction of 33 tokens whose main value is that they can be traded in for physical goods and experiences including limited-edition vinyl, the chance to pick songs for an upcoming 3LAU mix and, most expensively, a "custom song created by 3LAU with winner's creative direction," which went for $3,666,666 (which, while I'm being fair, is a pretty creative figure). Since it's a New Fangled Thingamajig, the winner is free to mark that last one up a few more million bucks and try to resell it, with some of the markup going to 3LAU, which is one of the digitally enforced attractions of NFTs for artists, and with the new buyer assuming the rights to that custom song, which I assume will eventually be about either ELON MUSK or 50 CENT. Does this mean NFTs work or that there's always someone happy to pay three or four million bucks for a vanity song, or both, I confess I don't know. Business Insider tells me GRIMES made a relatively modest $5.8 million for her NFT artwork on Sunday but she made it in 20 minutes, which would seem a not bad per-minute haul. There's new Grimes music embedded with the art. I'm not sure what to make of Business Insider breathlessly telling me one of the Grimes pieces "has already been relisted at $2.5 million" but not telling me the previous price was $6,600 and not pointing out that no one has actually offered $2.5 million. Am I reading business news or fan fiction? Anyway that's today's NFT report and I may well regret every word of it six months from now but how else was I going to get you to read that LUCY DACUS promoted her upcoming single, "THUMBS," by sending VHS tapes with the song on it to 100 fans? Each is hand-numbered and titled as if recorded over a different classic movie. More of this please, my analog friends. If anyone wants to resell one of those for either $50,000 or $2.5 million, I'm not interested but I promise to do everything I can to help you find a buyer. VHS was once the disruptive future, too.

What Is "Twisted Vaxxer"?

We ARE gonna take it: The public health official overseeing vaccine distribution sites in Baltimore County, Md., generally keeps the TWISTED SISTER tattoo on his left arm hidden. But he doesn't hide his 12 years working as a roadie for the metal band, which he says was perfect preparation for his current job. "Running something like this, running a large-scale music event or even a concert — the similarities are all there," TERRY SAPP tells the Baltimore Sun, pointing to the gaffer tape and equipment cases at one metal-sized outdoor site... HARVEY MASON JR. says there will be a new RECORDING ACADEMY CEO by May... The current JEOPARDY! champion, JON SPURNEY, who won $37,201 Monday, is a well-traveled session musician and TV and film composer who performed onstage in two of the greatest rock musicals ever made: PASSING STRANGE on Broadway (that's him playing electric guitar at stage right in this clip from SPIKE LEE's film version), and the original off-Broadway production of HEDWIG AND THE ANGRY INCH. I'm not even mad that he dethroned a champ from my hometown ofd Newton, Mass.

Rest in Peace

MICHAEL GUDINSKI was a giant in the Australian music industry who founded the MUSHROOM GROUP and who, as an indie label head, publisher, agent and promoter, worked with pretty much every band who so much as thought about setting foot on the continent "My heart is broken and I can't believe he's gone," KYLIE MINOGUE tweeted Monday. "One of the greatest promoters that ever lived," IRVING AZOFF told Billboard... Jazz drummer RALPH PETERSON JR. played with ART BLAKEY & THE JAZZ MESSENGERS and carried Blakey's hard bop spirit into his career as a bandleader and educator.

Matty Karas (@troubledoll), curator
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rave:// One of my favorite music podcasts
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what we're into
Music of the day
"Nothing Without You"
Cloud Nothings
From "The Shadow I Remember," out now on Carpark.
YouTube
Movie of the day
"Skyhooks History 1970s With Michael Gudinski"
Mushroom Records
YouTube
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