
If you want to understand how much the economics of media have changed, nothing illustrates it better than the music industry. And a good example of that is the Gathering of the Vibes, which is celebrating its 20th anniversary in Bridgeport, CT’s Seaside Park this weekend. To call it a music festival
doesn’t do it justice. Its organizers call it a “vacation.” Children of the 60s might call it a “happening.” Most people just call it “the Vibes.”
The most remarkable thing about the Vibes for me has been to watch how it transforms Bridgeport, a city that once was one of America’s most golden, but more than any of
Connecticut’s old industrial towns, never quite made the transition to a post-industrial era. So to see how it comes alive and changes its vibe a few days every summer is remarkable. Equally
remarkable, is how it symbolizes the economic shift of music as a medium.
advertisement
advertisement
The Vibes, which was originally conceived as a music festival reuniting former members of the Grate
ful
Dead to commemorate their late bandleader Jerry Garcia, has blossomed into a cottage industry that supports craftsmen, food vendors and musicians alike. The economics of the Vibes has to do with
people spending money on the experience surrounding the music that inspired it, not on purchasing the music itself.
That’s a big change from the height of the Grateful Dead
economics, which was epitomized by their Europe 72 Tour, which represented a turning point for rock bands of that era, because the Dead lost
money touring, and only did it as a form of promotion to sell their albums.
Today, music industry economics have come full circle. Most bands make more money touring, performing --
and merchandising -- their music then they do selling it. Nowadays, they practically give their music away for free. In fact, that’s exactly what the Vibes promoters have been doing this weekend
to anyone with a radio receiver capable of
receiving a signals from
Bridgeport public radio station WPKN, which broadcasts the entire festival under its “Radio Vibes” banner.
Over-the-air, that is. As one WPKN deejay pointed out, online listeners can only hear interviews and discussions about the festival, but cannot stream the actual performances themselves. The reason
for that, obviously, is because it’s so much easier to pirate the content when it’s streamed.
In the post-Napster era of music, the economics of the industry continue to
evolve. PHISH concertgoers, for example, receive free, permissible downloads of recording of the performances they attend as part of the price of their tickets.
One thing that will
never change is that people want to listen to music and will pay for it -- directly or indirectly -- when they want to listen to it.