The most important thing to remember as an ageing prog act is that audiences want nostalgia. You make money, you exist, because of the old material, your classic repertoire. Next key point is that live work makes more money than studio work. With these two basic principles, everything else follows:
Play live: tour, on your own or with another act; play festivals; go on a cruise. Maybe all of those: just get out there and sell tickets. When you play, play the old stuff. At least 50% of your set should be classic material. Preferably more. 100% old is fine. If you want, you can play around with the format: play an album from beginning to end; do new arrangements (but not too much). That can provide a marketing hook to differentiate one tour from another, sell a few more tickets. A musical based on your work is useful because you don't even need to perform! A few new tunes are OK. If you can tie them to the old material, like a sequel piece, that's better.
On to releases... again, it's the old material that rules. So re-release those classic albums, but you need something to make people buy them again. A new remaster used to be enough: no more, you'll need a remix, 5.1, bonus tracks. And think big. Deluxe editions. Sell something expensive to a few, because you won't be able to sell something cheap to many.
Live albums: same principles apply. Focus on the old material. Archival releases of when you were young are a good idea, or you can do new recordings as long as you're playing the old songs.
The band name, the brand identity is vital. If you don't own the band name, litigate. A compromise is fine if that's the best you can get. "Band name featuring..." If you can't get that, use the band name in the marketing anyway: "plays the music of" and similar phrases. If you're lucky, your own personal name(s) is famous enough, so you don't need a band name.
If you insist on doing new music, as I said, connect it somehow to the old music. A sequel to a concept album or a famous track, for example. Or use some old recordings as your base. Or just cover the old classics; re-interpret them if you want. Another option is to pile on some guest stars. If you're not using a recognised band name, get guest stars from famous bands so you can still mention those band names in your marketing.
Do all this and you can have enough income to do whatever other things you want. Do all this and some fans will complain as well(!), but all this ultimately follows from fans' behaviour.
Henry
Bookmarks