Regardless of your thoughts of Phish's music, it's still an interesting read. It's a shame some bands or individuals in "our" genre can't apply some of these ideals and make it work....
The Business of Phish
"... Phish doesnt make money by selling music. They make money by selling live music, and that, it turns out, is a more durable business model. This wasnt some brilliant pre-calculated strategy by the band or its managers; its the business model that sprung forth from the kind of music the band makes. The band developed the kernel of this musical style during their first five years when they played almost exclusively in bars in Burlington, Vermont, and slowly, but organically, grew their audience.
During this period they maniacally focused on improving the quality of their music through intense practice and frequent gigs at bars. And while at first these gigs were relatively unsuccessful, over time their audiences grew, the band started to make money, and then, after five years of obscurity, they were profitable before anyone in the music industry knew who the hell they were. And with profitability came the freedom to make music on their terms.
In the parlance of startup language, Phish bootstrapped their business rather than seeking support from institutional players like record labels, talent agencies, and concert promoters. And thats made all the difference..."
More here: http://blog.priceonomics.com/post/48216173465/the-business-of-phish
The Business of Phish
"... Phish doesnt make money by selling music. They make money by selling live music, and that, it turns out, is a more durable business model. This wasnt some brilliant pre-calculated strategy by the band or its managers; its the business model that sprung forth from the kind of music the band makes. The band developed the kernel of this musical style during their first five years when they played almost exclusively in bars in Burlington, Vermont, and slowly, but organically, grew their audience.
During this period they maniacally focused on improving the quality of their music through intense practice and frequent gigs at bars. And while at first these gigs were relatively unsuccessful, over time their audiences grew, the band started to make money, and then, after five years of obscurity, they were profitable before anyone in the music industry knew who the hell they were. And with profitability came the freedom to make music on their terms.
In the parlance of startup language, Phish bootstrapped their business rather than seeking support from institutional players like record labels, talent agencies, and concert promoters. And thats made all the difference..."
More here: http://blog.priceonomics.com/post/48216173465/the-business-of-phish