The climate of the record industry is changing the nature of the soundtrack business, a panel of music supervisors agreed Wednesday during a discussion at The Hollywood Reporter/Billboard Film & TV Music Conference at the Beverly Hilton.
Robert Kraft, president of Fox Music Inc., said record labels nowadays aren't as willing to offer up cash to help finance soundtracks.
"Now labels are not interested in financing an album for the simple reason that unless it's on Disney Channel, soundtracks don't sell," he said.
As a result, the studios don't rely solely on music from the record companies anymore, said Randy Spendlove, head of music at Paramount Pictures.
"We often create our own music or reach out to musicians ourselves, which we didn't do before," he said during the discussion, which was moderated by Paula Parisi, The Reporter's editorial director, features.