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Jakob Dylan Speaks Honestly About The Music Business

In a rare extended interview, Wallflowers’ frontman Jakob Dylan spoke at length about his feelings on the record business.

Jakob Dylan understands that people are not inherently stupid. Everyone who grows up wanting to work in music will spend their lives being told that the entertainment industry is full of snakes. As he told Joe Rogan in a recent interview, “If you got locked into a bad contract where someone screwed you over — that’s kind of on you.”

Dylan spoke about his relationship with the music business at length during an appearance on the wildly popular Joe Rogan Experience. He talked of contract woes and the nature of working in entertainment. As a lifelong musician and the son of one as well, Dylan seems to live his life with the belief that people are always looking for ways to make money on the talent of others. As much as artists may not believe they need strong business acumen to make it today, they at least need someone who understands money. We’ll let him explain:

A few key takeaways for those of you unable to watch the video:

  • Read every contract. Even if you hire someone to read your contracts, make sure you read them as well. Learn the language of the business to ensure it cannot be used against you.
  • Everyone gets offered bad deals. You have to trust yourself and your trajectory enough to say no when a deal isn’t what you want or need.
  • Surround yourself with people who understand things you don’t and learn from them.
  • If an artist is making money, everyone above them is making more.
  • The good news is everyone can make music now. The bad news is that everyone can make music now.
  • There are no clear paths to discovery and success today. Everyone is trying to find a way to get lucky, and as soon as someone does, that approach gone forever. You have to be original.
  • CDs are increasingly irrelevant. It’s an added cost that labels and artists don’t need.
  • Labels still have a purprose. Label knows the people you don’t know, and they have the money you need to get started.
  • Some people think of labels as banks who give artists loans on good faith that person will become a star.
  • Dylan believes the biggest snakes and most difficult people he’s met in music are other musicians.

The Wallflowers recently released new music.

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Industry News News

Why Joe Rogan’s Spotify Deal is GOOD for Musicians [Video]

Joe Rogan is taking his massively successful podcast to Spotify in an exclusive deal that is upending the entertainment business.

The Joe Rogan Experience is the most popular podcast on the planet. Each month, the show’s in-depth interviews earn 190 million downloads and generate over 300 million YouTube views. That engagement translates to a ton of cash for Rogan and every platform hosting his show, but soon fans will have only one place to turn for their JRE fix.

Spotify announced an exclusive partnership with Joe Rogan on Tuesday, May 19, that will bring both the audio and video version of his platform to the service by the end of 2020. News of the deal and Rogan’s rumored $100-million payday has upended every facet of the entertainment business, with executives and artists at every level wondering what the move means for the future of audio. After all, podcasting is huge, but is it 9-figures huge?

To put this deal into perspective, an artist promoting their music through Spotify would need at least 28 billion streams to earn that much money. Drake, the most successful artist in Spotify history, only crossed the 28 billion stream threshold in late 2019.

But the deal is done and there is no turning back. Artists will continue to complain, but we see a lot of good things developing as a result of this announcement. For starters, a more Spotify users raises the likelihood of increased streams and discovery. Then there is the video element to Rogan’s deal, which will require a massive UI update that creates a world of possibilities for all creators.

In this Music Biz News update, host James Shotwell breaks down Rogan’s deal and explores the many ways his Spotify partnership will help artists everywhere in time.

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