For decades, the product that musicians have been creating has been known as "music," but that could change soon.
Like many readers of this column, I grew up alongside that newly sprouted limb of the music business, MTV. I enjoyed watching videos for the most part, but my old friend George Haddad disagreed, claiming that "music should be heard and not seen."
The music video began in the '80s as a promotional tool, used by the labels to flog a single or an album to the video-watching public. The idea was that after being exposed to the video, consumers would be more likely to purchase the album. In other words, music videos were basically extended advertisements for tapes and CDs. As such, they were considered part of the promotional budget--owed by the artist to the label, to be subtracted from the artist's royalties on album sales.
In a business as broken as the music business, the new music-video situation stands out as particularly worrisome for artists. If Apple and every other Johnny-come-lately online record store start selling the entire back catalog of videos at $1.99, artists won't see a dime of that money unless their contracts are reworked. In fact, they'll lose money on their own videos--even though they're being sold for twice as much as the music--because music videos are still considered promotion.
Regardless of the way the music-video royalty situation works itself out (which it eventually will, as artists and labels evolve their contracts), the addition of music videos to the iPod and iTunes may have more than a mere business effect on the music scene. The music video could become the actual product, rather than an advertisement for a song.
Every digital song you buy comes with song information embedded in the file. It wouldn't be too much of a stretch to add a video for every song--whether it's the music video itself, a hook to that video online, or some other video element. The new, more-visual generation of music fans would probably be all over this approach, and it's no secret that those "kids" are the ones who drive the market.
If this really takes off, perhaps the ever-resourceful remix community will start creating its own videos to match with songs. Profits could soar as faithful fans purchase multiple versions of a song, each with a different video. By then, let's hope artists are getting a piece of the music-video pie, because it could end up being larger than the music pie it used to advertise.