This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Song Hordes: The Return of the Indie

Stocks in this article: SNE WMG P

PORTLAND, Ore. ( TheStreet) -- Before my wife and I moved out to Portland from Boston, my mother asked if there was anything I wanted from her house in New Jersey to take on the trip with us.

"Yeah," I said. "Can you bring up Steve Holland's records?"

In our family lore, Steve Holland's records are the equivalent of The Ark of the Covenant from Raiders Of The Lost Ark or One-Eyed Willy's treasure map from Goonies. The story went that Steve Holland, my mother's high school boyfriend, had lent them to her more than 40 years ago and that the two broke up shortly thereafter. My mom got the records in the exchange and both went on to lives too busy to be bothered with a bunch of old vinyl. The two faux-snakeskin flip-top boxes of 45s had been buried in a far corner our family's attic since we moved into the house in the mid-'80s and hadn't been played since the late 1960s or early '70s.

When my mom brought them up to our Boston apartment last summer, I was surprised not only by the singles they contained -- Dirty Water by The Standells, Louie Louie by The Kingsmen, You Can't Hurry Love by The Supremes , The Music Explosion's Little Bit O'Soul -- but by the sheer amount of labels. Not just Motown, Stax, Sun and the ones people still talk about, but dozens of others. The orange-and-white checkers of Roulette records, the googie font of Laurie records and the cartoon quote bubble firing from the revolver of Bang Records still entrance me every time I drop the 45 adapter on the turntable and give them a spin.

In the current music climate, we're repeatedly told how consolidation and greed are killing the recording industry and how the Big Three of Universal Vivendi, Sony (SNE) and Warner Music (WMG) are turning airwaves and earbuds into a steady stream of auto-tuned Muzak. Shouldn't the sight of all those labels from a high point in music history be making us a lot more wistful?

Maybe they would if the Big Three was all we had and independent labels were ground into dust. Maybe that would be the case if they weren't such a potent reminder that once those London-issued Rolling Stones singles and Capitol-minted Beatles records stop spinning, music lovers eventually branch out and start seeking out the Dave Clark Five, Procol Harum and The Left Banke. That's where the little labels come in, and broadening music minds have kept a lot of them around.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs