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Following the acclaimed recent ‘Meet The Millennials’ report, MusicTank have invited its author and Nettwerk Music Group’s Co-Founder & CEO Terry McBride to the UK to take part in a very special music business initiative. Challenged to put his philosophy into practice, Terry will not only debate his ideas with fellow professionals but in a unique experiment, be confronted with an up and coming British act for whom he will roadmap a path to success live on stage.
With a generation less inclined to pay for their music and enjoying a much more sophisticated relationship towards the brands they consume, perhaps it's time artists embraced their inner capitalist and looked to companies outside the music industry to finance their lifestyles?
The second MusicTank report, "Meet The Millennials: Fans, Brands & Cultural Communities", written by Terry McBride and industry cohort, Brent Muhle is now available.
It may be one of the buzzwords we love to hate, but the celestial jukebox has always represented the natural conclusion of the music industry's blue sky thinking; a WiFi-liberated paradise where music lovers enjoy what they want, where they want, safe in the knowledge that creators and rights-holders are being compensated.
With talk of Radiohead’s much-publicised thought-experiment into the value of music finally dying down...step up Jack White’s The Raconteurs, who’ve chosen to put a much-needed cat amongst the pigeons with the surprise release of their follow up to their 2006 debut, “Broken Boy Soldiers”...
Have you noticed how vulnerable the music business is to spin? A combination of glamour (= sells papers), fast moving technology (=plenty of room for confusion), a continuing stream of new start-ups (= need for investor confidence) and arguably the most complicated business in the world leaves a huge amount of space for misinformation and good old-fashioned cock-ups.
Troubled major EMI and its near ubiquitous new chief Guy Hands have, to put it mildly, featured pretty high on the news agenda of late. Last week’s announcement finally gave specific details of the long-awaited shake-up, with 40% staffing cuts (1500-2000 jobs worldwide), reduced marketing budgets and some profound structural changes all due to implemented within coming months.
People have been making Nostradamus-style predictions regarding the demise of the album since the beginning of the digital music revolution. While physical singles have fared even worse than albums in recent years, the market dominance of iTunes and the rise of p2p-based internet piracy have prompted a definite shift towards single-track consumption, whereby entire music collections are spliced, shuffled and re-arranged in accordance with the listener's own tastes.
Stressed, frequently under-appreciated and working longer hours than your average hedge fund manager, artist management is hardly the easiest of jobs. And, given the seismic scale of the current industry shake-up, it could be about to get even more complicated.
It would be fair to say that the arrival of the internet, and in particular the proliferation of broadband, has presented something of a mixed blessing for the music industry. While online piracy continues to erode the revenue artists and labels receive through recorded music sales, many agree that this upward surge in connectivity has initiated a larger cultural explosion in terms of how we as fans discover, enjoy and relate to music...
Produced in association with CIDA, the East London Business Development Agency, this FREE event will consider whether or not it is viable or advisable for today's emerging artists, labels, managers and small music companies to give music away for free and if so, discuss how can it be done in a way that doesn't compromise artists' income, integrity or longevity.
As the music industry’s hottest new sales platform and possibly the main vehicle for future music consumption, the mobile phone is now a must for those keen to market and distribute their music to the widest possible audience.
The UK is leading the European market for mobile music, with ‘music’ handset penetration now standing at an impressive 40% (BPI, 06/07), while MusicAlly recently estimated that UK users download as many as many 1.3million tracks a month using mobile phones. Above all else, mobile phones are pretty much omnipresent - we carry them with us wherever we go - meaning that for the tech-savvy music marketer, potential custom is always just a few clicks away.
This week saw the RIAA gain its first victory in what is proving to be an epic industry war against the global menace of illegal filesharing. In fining Jammie Thomas (will the irony of her name ever carry over the pond?) a whopping $220,000 for 24 of the tracks she made available on the Kazaa network, the industry has issued its most severe warning yet to the worldwide illegal filesharing community: “get your a** to iTunes… or you might be next”.
This think tank explores the idea that the liberalisation of digital media, whilst entirely democratic, serves to confuse the consumer with a bewildering array of choice and quality. With so much content vying for our attention, does this merely cloud the picture, making it harder to find great music?
The confusion surrounding the future over allofmp3.com, the Russian discounted mp3 download site (and current bugbear du jour for the global record industry) shows little sign of dissipating. The business had barely finished celebrating its recent closure by the Russian authorities (largely due to international pressure from trade bodies and indeed the U.S. State Department), when a recent ruling by a Moscow court seemed to suggest that the offending website had in fact been operating in accordance with Russian copyright law, much to the dismay of an industry convinced it had won a timely and decisive victory.
High street retailers large and small are under pressure. With supermarkets selling the 'big hitters' at loss-leading, sub-wholesale prices and online physical-format retailers like Amazon offering unrivalled choice, the specialist multiples are being attacked on two fronts. Add to this an industry-wide downturn that may still have some way to go, and the outlook looks increasingly bleak...
While Warner weighs up whether to bid for EMI or wait on the possibility of poaching the recordings division next year, the folks at Last.fm must be pleased as punch with the company's $280 million sale to CBS...
The questions over the future of music consumption officially hit the mainstream yesterday, by way of Monday's Radio 4 flagship consumer affairs programme, 'You and Yours'. The programme was pegged on the recent EMI/iTunes "No-DRM" announcement together with details of an upcoming consultation being undertaken by the shiny new UK Intellectual Property Office (ex Patent Office)...
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