Here’s an interesting article titled “Music Industry Inches Forward into Reality” which runs through how the Music Industry is slowly coming to terms with the inevitable market shifts and ever increasing popularity of online music. Lately, we’ve seen quite a surge in the number of innovative, social driven, music distribution companies supported by ads and sponsorships such as Guvera (the Che reference is revolutionary!) and RCRDLBL. There are also the monthly fee models such as Mog. Even Apple is trying to get a piece of the action with their recent acquisition of streaming music service LALA.
All in all good news for us EDMers. These market shifts are great for artists and really anyone involved in the creation of gigs. As more fans can access free music, the fan base inevitably grows which increases the demand for live shows and performances. Not to mention, these social based distribution services are giving fans an easy way to find new artists and expand their musical tastes.
In my opinion, the Electronic Dance Music industry is especially well positioned to be an innovation leader with the major focus on gigs and using the coolest technology to advance the music. What do you think?
No related posts.