This Day On The Street
Continue to site
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

Don't Blame SXSW For Getting Down to Business

PORTLAND, Ore. (TheStreet) -- There was once a time when the sprawling splendor of the South By Southwest Interactive, Film and Music conferences would have been the event of my year.

It's not anymore, and keeping people like me away from that festival and others like it is the best way for South By Southwest to survive and thrive.

TheStreet's Carlton Wilkinson and Debra Borchardt are both in Austin this week covering the festival, and I wish both of them the best. Carlton, my editor, made it clear that he was going on his own terms, investigating music and people he finds interesting and not trying to be all things to all people. Debra, meanwhile, is poking around the startups and tweeting out Vines and longer-form pieces on the ones that catch her eye.

Though I have little stomach for the latter approach -- getting pitched at and sold to all day is a depressing proposition unworthy of airfare -- even Carlton's strategy doesn't sound like it's without its pitfalls. On three hours sleep, Carlton went to listen to Neil Young's keynote address -- in which Young launched his Pono high-definition digital music service and the $399 PonoPlayer that went along with it.

I'm sorry, but that just sounds insufferable. You've waited hours for a legend of the music industry to drop some knowledge on par with Bruce Springsteen's and Dave Grohl's speeches of the past couple of years only to have him push yet another music player at you? To have a man whose work fans have now purchased on vinyl, eight-track, cassette, CD, DVD boxed set, digital file, Blu-ray boxed set and 180-gram-vinyl now shove yet another format into their faces? It's just too depressing.

Must Read: This Is (Sort of) the Year to Watch Major League Soccer

All of it. SXSW is just a reminder of the complete and total victory of commerce over creativity. Last year, the SXSW Music and Film festivals drew 25,119 participants and 16,297 participants, respectively. Meanwhile, its interactive portion drew 30,691 participants on its own. Lump in the SXSW Edu conference (4,260 participants), trade show (571 exhibit spaces), gaming expo (147 spaces) and the countless folks on the streets of Austin guerrilla marketing their startup swag and the scales start to tilt heavily in favor of the salesmen.

But the musicians and filmmakers are selling something too, ya know! Yes, art. They're selling art, just as the flat-stock poster makers and music gear vendors are. That doesn't exactly make it a broadening, soul-lifting experience at all times. I used to cover the CMJ Music Marathon in New York and a far more minor Hoboken Independent Music Festival in New Jersey, and the shows had more than their share of music industry and A&R folks on the prowl; uninvited bands handing out samplers and merch; and venue bookers and managers cranking through sets and passing out festival-priced drinks. But, at their core, were the shows. It was the bands trying to sell themselves through their live performances and venues just trying to get people to come back.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.64 0.00%
FB $118.57 0.00%
GOOG $698.21 0.00%
TSLA $241.80 0.00%
YHOO $36.53 0.00%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs