"It's not that I'm so smart, it's just that I stay with problems longer." — Albert Einstein
Earful.info (Earful for short) provides strategic marketing and risk management solutions for the recording industry. We believe the following:
The music industry can improve its profits on less risk and a lower capital investment
We developed cutting edge strategies to improve the reward-to-risk ratio of the music industry. Among our risk management projects is an approach that reduces the capital tied up in artist and repertoire (A&R) and music publishing, and provides a more rational approach to executive performance and corporate acquisitions.
For more information, please read Quantitative Portfolio Optimization for Record Labels & Music Publishers. It shows how quantitative finance can be applied to music industry assets to increase profits with less risk.
Profits follow customer satisfaction. If your profits are declining, so is your customer satisfaction!
As Peter Drucker observed, customer satisfaction is the only business goal and profit is the reward for this single-mindedness. If sales are going down, you are not satisfying your customer as well as another company or industry. The solution is to improve your marketing.
The customer is never wrong, even if what they are doing is illegal. Marketing is the solution to piracy!
Customers are always right, and they are blunt. They tell an industry what they want by how they spend or don't spend. Customers vote at the cash register. If your business is serving them well, sales go up. If you ignore what the customer wants, they take their money elsewhere. A black market is still a market; it just isn't yours. Therefore, piracy is a marketing problem requiring a change in the marketing mix to improve positioning. We have cost effective solutions to eradicate the blight of illegal file sharing.
It starts with solid research
Solid research uncovers strengths and weaknesses, and opportunities and threats. Earful relies on time-tested peer-reviewed marketing, economics and consumer behavior research as the basis of its conclusions. We don't jump on or create the latest fads. We create solutions based on reason, not conjecture. We equip our clients with the tools to avoid threats and exploit opportunities.
Barry Sosnick
is the president and founder of Earful.info, a provider of strategic marketing and
risk management solutions to the recorded music industry. He is also a
professor at Five Towns College, teaching
classes in music marketing, public opinion research, small business management
and entrepreneurship. Mr. Sosnick was an
equity analyst, most recently with Fahnestock & Co. (now Oppenheimer & Co.),
where he provided research on the home entertainment and consumer electronics
retailers, and assisted mergers and acquisitions, and public and private
financings. Barry was a senior project leader with the
prestigious political polling and market research firm Luntz Research Companies,
where he guided political, legal and marketing strategies for Fortune 500
companies and elected officials.
Barry Sosnick presented "How the RIAA’s Legal Strategy Decreased Music Industry Efficiency" with Krystal Yoniak at the Music and Entertainment Industry Educators Association (MEIEA) conference in 2006 at the University of the Pacific (Stockton, CA). MEIEA is the association for entertainment industry academics. He presented at the University of Miami at the 2005 MEIEA conference a paper entitled, "A Capital Budgeting Approach to Understanding Artist-Label Relationships," co-authored with Peter Alhadeff, an economics professor at the Berklee School of Music. He co-authored research with music business graduate students from the University of Miami entitled, "The Changing Recorded Music Industry," presented at Loyola University New Orleans MEIEA conference in 2003. Barry is also a frequent speaker and panel member at universities and industry conferences, including the National Association of Recording Merchandisers (NARM).
Mr. Sosnick also serves on the MEIEA advisory board and the MEIEA Journal Reviewer and Editorial Committee. The Music and Entertainment Industry Student Association (MEISA) honored Barry with its "Outstanding Service Award" in 2006.
October 2006
Universal Acquires BMG: Concern for EMI & WMG
A review of consolidation theory and how Universal may benefit by acquiring BMG
Music Publishing. This is based on an October 2006
MEIEA eZine article.
August 2006
Long Tail
Will End in Heartbreak
A link to an article published on The
Register: a British IT online publication. It questions whether
the long tail is something revolutionary and profitable.
February 2006
Surviving a Consolidating Music Industry: Education
Consolidating industries―such as the music industry―hire better educated
employees. This is based on an February 2006
MEIEA eZine article.
June 2005
College Music Subscriptions Threaten the Music Industry
Low-price college subscriptions can reduce purchases, hurt brand equity and
increase commoditization
May 2005
Quantitative Portfolio Optimization for Record Labels & Music Publishers
Higher profits, with less risk and a smaller capital investment by applying
quantitative finance to music assets
April 2005
Record Labels, Artists and Finance
A letter in response to an academic study on equitable recoupment of artist
advances
October 2004
View from the Top: Record Distribution in the Digital Age
A review of a distribution panel hosted by the National Association of Record
Industry Professionals (NARIP)
Fall 2004
Healthier Music Industry: Consolidation to Lead to Needed Improvements in
Marketing
This was the basis of the Opinion article in the October 30 Billboard (p.
10)
Summer 2004 Music: An Inferior Good...Why the Economy and Price Cuts Can Hurt Music Sales
| 2006-2007 | |
| Oct. 28 | Butler University (Indianapolis, IN) |
| Nov. 21 | Florida State University (Tallahassee FL) |
| Dec. 4 | Hofstra University (Hempstead, NY) |
| Feb. 19 | University of Florida (Gainesville, FL) |
| Mar. 16 | Georgia State University (Atlanta, GA) |
| Apr. 5 | Florida State University (Tallahassee FL) |
| TBA | Alabama State University (Montgomery, AL) |
| TBA | Hofstra University (Hempstead, NY) |
| TBA | Miliken University (Decatur, IL |
| TBA | Troy State University (Troy, AL) |
| TBA | University of Texas Arlington |
| TBA | University of Texas San Antonio |
| 2005-2006 | |
| June 24-25 | Business of Music Seminar, Berklee College of Music (Boston, MA) |
| Oct. 22 | Appalachian State University (Boone, NC) |
| Nov. 12 | Butler University (Indianapolis, IN) |
| Jan. 17 | Florida State University (Tallahassee, FL) |
| Apr. 1 |
Music and Entertainment Industry Educators Association (MEIEA) University of the Pacific (Stockton, CA) |
| 2004-2005 | |
| Oct. 4-5 |
State University of New York College at Oneonta (Oneonta, NY) |
| Oct. 12 |
College of Saint Rose (Albany, NY) |
| Oct. 13 |
State University of New York at Potsdam, Crane School of Music (Potsdam, NY) |
| Oct. 13 | Clarkson University (Potsdam, NY) |
| Oct. 20 | Alabama State University (Montgomery, AL) |
| Oct. 28 | Lehigh University (Lehigh, PA) |
| Nov. 4 | Drexel University (Philadelphia, PA) |
| Nov. 5 | Lebanon Valley College (Annville, MA) |
| Nov. 6 |
Music and Entertainment Industry Students Association (MEISA) Regional Conference Lebanon Valley College (Annville, PA) |
| Nov. 8 | York College (York, PA) |
| Nov. 9 | University of Massachusetts Lowell (Lowell, MA) |
| Nov. 10 | Berklee College of Music (Boston, MA) |
| Nov. 10 | Boston University (Boston, MA) |
| Nov. 15 | Capital University (Columbus, OH) |
| Nov. 15 | Otterbein College (Westerville, OH) |
| Nov. 16 | Indiana State University (Terre Haute, IN) |
| Nov. 17 | Butler University (Indianapolis, IN) |
| Nov. 18 | Anderson University (Anderson, IN) |
| Nov. 19 | Eastern Kentucky University (Richmond, KY) |
| Nov. 20 |
Music and Entertainment Industry Students Association (MEISA) Western
Regional Conference California State Polytechnic University, Pomona (Pomona, CA) |
| Nov. 23 | California State University Northridge (Northridge, CA) |
| Feb. 24 | University of Memphis (Memphis, TN) |
| Apr. 1 |
Music and Entertainment Industry Educators Association (MEIEA) University of Miami (Miami, FL) |
| Apr. 4 | California State University at Chico (Chico, CA) |
| Apr. 5 | University of the Pacific (Stockton, CA) |
| Apr. 7 | University of Colorado at Denver (Denver, CO) |
| Apr. 19 | Minnesota State University at Moorhead (Moorhead, MN) |
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