Jenny discusses copyright, future technologies, webcasting and the importance of the gray areas.
"When we started, the real question was how do you use the Internet not to just build the new music digital services, but also to inform artists and to connect them so they can be a force to demand better structures for themselves." — Jenny Toomey of The Future of Music Coalition, The Well-Rounded Radio Interview.
On June 11, FMC Education Director Kristin Thomson took part in Ignite: Philly, which featured a series of speakers talking about inspiring projects or ideas for five minutes(!). Kristin used her own experience as a record collector who has moved on to streaming subscription services like Rhapsody to show that the future of music might be about access, not ownership.
We have no idea how Kristin managed to bust out all of this info in such a short amount of time, but she pulled it off without a hitch. Check out the video of her presentation below… you know you have time!
Why Mainstream Can Kill
Last week Starbucks announced that it was leaving the music business. Sales have been shockingly low: one journalist calculated that they add up to about two CDs per store, per day. Why did this fail so spectacularly? Paul Resnikoff argues that the Paul McCartney-and-Alicia Keyes combination was too mainstream to be interesting to consumers. Starbucks was more effective when they highlighted talented but unknown artists. He compares that model to music in the video game industry, which prides itself on being cutting edge. Digital Music News, April 24thread more
A little while ago, we posted a recap of FMC’s adventures at this year’s South By Southwest. You may recall us mentioning a panel called “Mobility, Ubiquity and Monetizing Music,” which was moderated by FMC Board member Bryan Calhoun and featured advisory board members Jim Griffin, Peter Jenner and Sandy Pearlman, as well as entertainment attorney Dina LaPolt and Eric Garland, founder of BigChampagne. read more
But recent developments at the majors indicate a willingness to explore new avenues in music access and distribution. It remains to be seen which, if any, of these “experimental” models will gain traction, or if they will be fair to all artists. read more
We usually post these on Friday afternoons. So we’re either late or early, depending on how you think about it…
Can 1,000 fans replace the music business?
Kevin Kelly thinks so. He argues that a musician can make a perfectly good living with just $1,000 “True Fans” who are truly dedicated. He assumes that each is willing to spend $100 a year, netting the artist a nifty upper-middle class salary even without being immensely popular. And “Lesser Fans” who will pay out less still add to the income. Kevin Kelly, The Techniumread more
A full version of This Week in News will be out on Friday, but here are a few highlights from last week.
Should musicians be paid by social network sites?
After AOL bought social networking site Bebo for $850 million, songwriter Billy Bragg wonders why artists don?t receive royalties. He reasons that musicians help attract users, and the sale of the website for such a staggering sum clearly indicates that these users have significant monetary value. New York Times, March 22ndread more
We found an interesting article in the latest edition of Wired about a new system for indie acts to deliver tracks to radio stations that rely on automation to manage their playlists. Well, it’s not a new system, exactly — major labels and commercial radio have been using it for years.
As Wired scribe Eliot Van Buskirk writes, “indie musicians have been at a disadvantage when it comes to delivering music to larger stations… because the major labels use something called Digital Media Distribution System (DMDS) to send new tracks to stations digitally and securely (to minimize leaks).” read more
Chris Anderson, editor-in-chief of Wired Magazine, is known for his clear-headed analysis of emerging business models. He’s the guy that analyzed Amazon’s success in his now frequently-cited book, The Long Tail. His latest article, which he plans to expand into a new tome next year, explores the future of business models based on the concept of not paying money for stuff. read more