Brands in Music: All about the timing…
During our lively panel session, I asked Gary McClarnan his thoughts on why Brands get it wrong when entering the music arena.
Gary believed that Brands start off wrong by speaking to the wrong people - the record labels. He strongly believes that no-one is better suited to be able to assess the deal opportunity better than the artist management and the artist themselves.
He stated that timing is critical. Brands come too late in the process to the Band and their management, because they call on the wrong people at the outset.
He stressed that the management had a more intimate understanding of the life cycle of an artist’s success or need for money. There are points when the timing is right for the band to consider alternative revenues other than being dependent on record sales, be they a breaking band or be they a band on to their fifth album. There is a point too when release schedules and the popularity of the artist are not such a focus. Knowledge of when these windows into an artist are open becomes critically important for a brand. It helps them to know which artists are ready to deal right now and which ones are not.
This is a very valid point from Gary. It is not just about which artists will consider brand deals, but when in their career would they consider it. After all, four years before accepting a cheque from Coca Cola, Jack White of The White Stripes and the Raconteurs, had intimated that he did not agree with taking brand money. Something clearly changed. Knowing when that change occurred or how to effect that change is what makes great deals happen (for the brand, for the artist and for the fan)
Pete Jenner believed that record labels are the wrong people to speak to also. In his view, their job is to sell next week’s record. They have a short term horizon and are not really interested in brand building but in delivering the short term volume for the following week. He does not believe they are interested in the long term career or artists.
Similarly, he doesn’t believe that record labels truly understand the long term needs of brands. If a brand goes to a record label, the instinctive urge of the label would be to push the artist that will deliver the short term volume. Why so? Because, Pete said, the record execs are focused on delivering the quarterly results, not the long term. For this reason, Pete sees the artist management as a more useful lever in any brand negotiation.



