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JohnnyRingo

(18,648 posts)
Tue Feb 22, 2022, 07:07 PM Feb 2022

Music as an NFT (?) Your worst nightmare.

I get pretty fed up when artists sell anthemic songs to Madison Avenue for commercials. A few years ago Ex-Lax used an Arlo Guthrie song to move things along in a TV spot. The song was The Train They Call City Of New Orleans, and the commercial showed older people greeting an un-constipated morning by throwing open the curtains and windows as the the vocals faded in: "Good morning America, how are you...?" Then it went to the melody while we heard the pitch, and repeat. Applebees is especially guilty of procuring songs of our best years to push pot roast sandwiches. maybe it wouldn't be so bad, but it's six or eight times a day.

Perhaps it's a sign of the new barons of wealth, but in recent years we've seen a sudden interest in buying an artist's entire catalog at OMG prices. Bob Dylan, Bruce Springsteen, CSN&Y, and The Beach Boys have sold much if not all of their songs to corporate interests. An NFT is something you can't hold or see, or put away, so is that what these songs are now? Will there be a new age of commercials featuring snippets of our favorite songs?

What would be your worst NFT nightmare? Which snippet of a song do fear will be played eight times a day to sell soap? Which favorite song would make you clap your hands over your ear and beg them to stop playing it, like Alex in A Clockwork Orange?

I'll go with The Beatles "You Can Drive My Car": "Baby you can drive my car- beep beep n beepbeep, Ford!"

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JohnnyRingo

(18,648 posts)
3. "Non Fungible Token"
Tue Feb 22, 2022, 08:23 PM
Feb 2022

Last edited Tue Feb 22, 2022, 09:13 PM - Edit history (1)

It's like if I bought that Union Yes icon of yours. it's mine and I'll sue the crap out of you because I paid $80k for it. I can't touch it. I can't put it in a vault, but it's mine. I'd buy the smiley face if I could afford it. I can buy someone's idea that hasn't even existed yet.

It's like when Wu-Tang Clan released their new album "Once Upon A Time In Shaolin". They only made one (1) copy and sold it to the highest bidder. Those songs, unheard by anyone, became the property of the person who bid $2mil. The Clan wanted to insist that no one but the bidder could listen to it for 88 years, but they decided it was more realistic if the music could not be resold. The owner could listen in a soundproof room, drive a truck over it, or stream it for free on the internet, but he can't make money on it.

The owner of that musical NFT was Pharma Boy Martin Shkerila. The proprietor of pills voted "the most hated man in America. Even more so now.

honest.abe

(8,685 posts)
5. Non-fungible token actually.. not that it helps in understanding what it is.
Tue Feb 22, 2022, 09:01 PM
Feb 2022

It’s a rather bizarre concept.

Here’s the “best” explanation I’ve seen.



😉

Shermann

(7,440 posts)
2. We're at the sweet spot for those 70's hits
Tue Feb 22, 2022, 07:24 PM
Feb 2022

Song catalogs won't increase in value forever. Eventually their core audience will age out, the same as with baseball cards.

These artists know this and have done the math. Get out while the gettin's good.

Back to your question, they already got me with Here I Go Again by Whitesnake. I generally listen to heavier stuff, and that is on the lighter side of my collection. So, I was vulnerable there. Not cool Geico, not cool.

The rest of my collection is pretty safe, unless they queue up Iron Maiden.

JohnnyRingo

(18,648 posts)
6. Yeah. I'd say you're safe for a while. Wait! What's that I hear?
Tue Feb 22, 2022, 09:02 PM
Feb 2022

I'm a man who walks alone ♪♪
And when I'm walking a dark road
At night or strolling through the park...
When the light begins to fade
I find myself a bit afraid ♫ ♪
A little anxious when it's dark

Then the Energizer Bunny suddenly comes thumping up the path.
Because when professionals count on their flashlights, they count on Energizer Alkaline Batteries!

And welcome to your nightmare six times a day.

delisen

(6,044 posts)
4. All Marketing is Lies . Soon the music dies. Marketers will play it inside each head.
Tue Feb 22, 2022, 08:28 PM
Feb 2022

You will hear the music tailored just for you. Your neighbor will hear just her favorite music.

The world will be quiet except for the hum of the autonomous electric vehicles and the music inside your head curated just for you and made possible by all the information you gave them for free

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