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Thursday, May 15th

Fueled By Ramen Runs a Tight Ship

The NYTimes takes a close look at Fueled by Ramen, exploring how they manage to actually sell CDs and actually make money.

“Fueled by Ramen has its acts promote one another as well as the company itself, as indie labels have done since the 1960s heyday of Motown and Stax. But Mr. Janick has brought such cross-promotion into the Internet era, where fans of one band are just a click away from information on another on the label’s Web site. His bands often tour together, and many were discovered by Pete Wentz, of Fall Out Boy, and benefit from his implicit endorsement.”

It appears that label owner John Janick watches every dollar spent, too:

Ryan Ross of Panic at the Disco recalled talking over the $500 it would cost to add cello and horns to the band’s debut album, which was made for $18,000. And (Pete) Wentz says that Mr. Janick does not like the expense of FedEx, so much so that he sometimes sends out royalty checks by mail.”

[link, 9giantSteps. photo, PPDIGITAL]

4 Responses to “Fueled By Ramen Runs a Tight Ship”

1. On 05/15/08 1:07 PM, tAlex said:
   

   Smart man. Businesses spend way too much money on unnecessary things. Then again everything in the business world is outrageously overpriced

   We just redesigned our office and a 35″ wide cubicle wall cost us $500, and that’s with a huge discount.

2. On 05/15/08 1:34 PM, Dr. Jones said:
   

   They should spend some money on signing bands that don’t suck.

3. On 05/15/08 2:26 PM, Nate said:
   

   I think it’s a cool article. I agree with both above comments.

4. On 05/15/08 3:49 PM, Jay DiNitto said:
   

   Dr. Jones with the creative comment, everyone.

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