Beatlemania Again

Last week I had an interesting Beatles experience.

I'm one of the founders of the largest music and arts festival in Michigan. On Friday I was watching some teen and 20-something volunteers working in the studio of a Boomer film maker.

"Dude," one of the volunteers said to the Boomer, "mind if I unplug your iPod?"

"No problem, Dude" the Boomer answered. The iPod switch was made and an hour of Beatles' music proudly blasted out of the volunteer's iPod. "Man, what are they listening to that old stuff for?," the dejected Boomer asked me. "I mean half those guys are dead!"

I think sales of the music should be good among the young while their parents and grandparents may enjoy the video game.

Ryan Mathews, Founder, ceo, Black Monk Consulting

I would have to guess there is no more iconic brand in the world than the Beatles. They would seem to cut through all of the "normal" category segments of awareness, fans, and of course, purchasers.

Expanding the network of ease to purchase to the biggest area of impact seems to make perfect sense in this strategy.

Charlie Moro, President, CFS Consulting Group, LLC

I think the more interesting question is how do you monetize beyond the life of the song itself? This is the question that all content providers need to be asking themselves, not just the music industry. It's a question of channels, and of use. Radio's free, but you have to wait until they play what you want to hear. Radio funds that through advertising. You can get it digitally, and you might pay more to have fewer restrictions on IP rights--to be able to keep more than one copy, or to be able to use it for non-commercial uses, like on a personal movie.

You'd pay more to have it in a Rock Band or Guitar Hero format, where it becomes much more than passive entertainment. Same for Sing Star. And you might pay more to open up tracks, again for entertainment and/or non-commercial uses. GarageBand is offering lessons on how to play songs--many times, provided by the artists who wrote the songs. How much more would you pay for that? And just as sites like Soundsnap offer samples, you could probably charge even more for clean samples of songs or memorable licks or whatever....

When you worry about controlling it, your opportunities are limited. If you worry more about how to make sure your customers enjoy your product, then you might find the opportunities are endless.

The Beatles are one of the last bastions of music control freaks, but even they are getting sucked into the digital world through the likes of Rock Band. I saw a comparison of record sales upon the death of the artist--they hit the big three, Elvis, Lennon, and Michael Jackson. Michael's sales way outstripped the others, but how much of that was due to digital supply? An endless supply, no stock outs? That is but one way to think about the value of digital....

Nikki Baird, Managing Partner, RSR Research

Smart strategy on EMI's part. As Cirque du Soleil has proven (Cirque's "Love" show based on Beatle's songs), Beatlemania is evergreen and many teenagers have told me that they love Beatles songs. Amazing that all of the Beatles stakeholders from wives to surviving members, were able to agree and collaborate once again to make this happen. I will say that remastering can cause backlash with fans if it is perceived as being ham-handed or not true to the spirit of the band. Metallica learned that with the not-insignificant uproar caused by its St. Anger remastering which some called "an ungodly mess."

Carol Spieckerman, President, newmarketbuilders

A re-mastered Beatles music endeavor has only one possible result: Beatlemania! Go to the bank with that one. Robust sales and profits to be had.

David Biernbaum, Senior Marketing and Business Development Consultant, David Biernbaum Associates

While I'd like to see the return of old-school custom music retailers selling The Beatles remix, it's just not going to happen. Bringing the music to the people in a variety of places they shop is a good strategy for EMI. It meets the shopper head on and will likely be very successful. So much of the music is so darn great, I'm looking forward to augmenting my old vinyl collection!

Anne Howe, Founder, Anne Howe Associates

For one thing, music stores have mostly disappeared from the scene. So, the "traditional" outlets are now mass merchants and Amazon. This is a big impulse sale opportunity and supermarkets leverage their foot traffic every year with holiday music promotions. This is the same kind of sale. Plenty of great hype (as noted in the lead) should whet people's appetites.

On a personal note, I bought every Beatles album upon release and have not been happy with the digital versions, except the Circ soundtrack. To be able to hear their music "the way the Beatles heard it" would be very cool. I agree with Ryan too--this could bring Boomer holdouts into the video game market.

Dan Raftery, President, Raftery Resource Network Inc.

Young people are already there, before the remastered release. Paul McCartney's recent concert at FedEx field near DC attracted a broad audience teens and twenty-somethings, in addition to those of us who were kids when the Beatles arrived in America. It's a thrill that new technology will help pull in a whole new audience. Great music endures.

Cathy Hotka, Principal, Cathy Hotka & Associates

Talk about an unholy alliance! 7-Eleven and Whole Foods, oh the humanity! I see this as nothing more than EMI's attempt to wring out a few more bucks in the name of nostalgia. Will it work? Absolutely! Will it endure? Absolutely not! Think KISS and Walmart...Yikes! Just old rockers et al trying to cash in again and again.

Marge Laney, President, Alert Technologies, Inc.

Beatles as product. Instant karma's gonna get this....

'SMWeiss'

Help! They just couldn't let it be! Lucy and Eleanor Rigby would say "Get back, we don't want to hold your hand, 7-Eleven!" What's next, a boxed set of Lady Madonna's albums sold in high colonic clinics (although there is something in the way she moves)? I wouldn't drive my car down a long and winding road to any of these outlets here, there, and everywhere. I wouldn't even take the bus, despite having a ticket to ride. I'm looking through you, EMI, but my wife, Michelle, she loves you. You just can't please please me. From me to you, your marketing plan simply doesn't come together. All it says is "Give me money!" Yesterday, I thought it was getting better all the time. But today in my life, there are places I remember that are better music retailers. I'll never say "I've got to get you into my life, we can work it out." I'm down, I can't say I feel fine, and I'll feel the same way when I'm sixty-four.

M. Jericho Banks PhD, President, CEO, Forensic Marketing LLC

The Fab Four have gone beyond mere music and have entered the culture in a way unanticpated in 1964. In the '60s, they were both mirror and catalyst to the changes swirling around them. Now,outside that sociological context, they have become a fabric of the DNA of the culture itself. It's as if one cannot recall a time when those songs didn't exist, so ubiquitous are they.

The box sets and especially the game will sell heavily and nurture within a new generation a thirst for all things "Fab" and retail will supply it.

By the way, I'm 44, and so missed out on the actual heyday of those 8 years. Any simulation is the closest any future generation can hope to approximating what it was like to live through the "mania." That,and of course, the music, which continues to expand like living history!

Bill Grize III, Communications Specialist, Stop and Shop