The Future of Digital Music and Artistry - Brian Solis at Midem 2015
Post on 25-Jul-2015
1. Brian Solis principal analyst & author @briansolis 2. Digital Darwinism The evolution of society and technology and its impact on behavior, expectations and customs. 3. Digital Darwinism isnt a myth, its the result of intentional business decisions that miss opportunities 4. Whos the villain? 5. Ad-funded on-demand is not going to sustain the entire ecosystem of the creators as well as the investors 6. .14 vs .81 It takes 5-7 plays of a song on the streaming services free tier which makes its money from adsto generate the same amount of royalties as a single play on Spotify Premium 7. Streaming companies argue that they pay royalties similar to radio plays. One could argue that radio sells music and streaming doesnt. 8. YouTube thinks offering free music videos is good for both the service and the music industry. 9. Spotify paid $1.57 billion Youtube paid $641 million 10. What is the value of music? Its user defined 11. "Don't call it rock & roll. I was part of a generation that changed the world, and it was taken over by posers." 12. Billy Corgan compared new artists to sex workers, saying once you've score a record deal, you're just the fresh stripper." 13. Death is very likely the single best invention of life. It's life's change agent. It clears out the old to make way for the new. Steve Jobs 14. Music Streaming = Mainstreaming 15. WHAT WOULD THE WORLD LOOK LIKE IF I COULD START FROM SCRATCH? 16. You have arrived at a crossroads. Crazy New Shit Same Old Shit 17. Beyonces Drunk in Love = 134m streams Revenue = $804,000 and $1.3 million Like it or not, Spotify is an influential platform for discovery. 18. Whos fighting for the artist? 19. The New Hollywood 20. Artists are Only Part of a Consumer Avatar The artist contributes to who they are through the look and sound of their favorite songs or performers. 21. EXCLUSIVITY EXPERIENCE ENGAGEMENT The 3 Es 22. Those people who connect with a musician and view them as an artist are more likely to view the albums as works of art that are worth a premium. 23. $529 million was pledged to Kickstarter projects last year. 4,009 were music projects. Film and Video came in second place with 3,846 successful projects. The future of artistry is in the hands of artists.