EMI’s David Iscove lead a well-attended discussion on the importance apps in today’s music market and how app developers are the creative force behind this burgeoning new ecosystem. He was joined by The Echo Nest, Myxer, Tunewiki, and Ubisoft. Consultant Cortney Harding also participated in the discussion.
On Wednesday, May 10, Ryan Chisholm of Bill Silva Entertainment led a panel that discussed the similarities and difference between commerce and royalties. The new models of digital music commerce are rapidly outpacing the capabilities of today’s legacy royalty systems. Between technology innovators moving too fast for traditional business terms to keep up, and the impatience of fans growing increasingly accustomed to immediate access regardless of legality, there’s an ever-widening gap between what’s possible technically vs. what’s available legally. “Commerce vs. Royalties: Fitting a Square Peg in a Round Hole” explored how both sides are coping with the situation today, and how they’re working together to create a better solution for tomorrow.
The six workgroups that make up digitalmusic.org – Apps & Gaming; Archival & Contextual Metadata; Digital Supply Chains & Operations: Metrics, Sales Analysis & Research; Music Subscription; and Product Development participated in closed-door meetings to discuss ongoing key issues that affect the business. Participants must have RSVPed to a special meeting request ahead of time in order to attend these Music Biz 2012 sessions. For an update on the projects these groups are currently working on, visit the Workgroups section of the digitalmusic.org web site.
The digitalmusic.org General Session was designed to bring together the key stakeholders within the developer, service provider and rightsholder communities in an effort to identify shared challenges and resolve them with common solutions. While other conferences recite the same old talking points, our general session will follow up ideas with action. There was a great mix of panels, presentations and case studies designed to cast light on new approaches and angles. From product development and bundling, to digital distribution and compensation, to content ingestion and identification, digitalmusic.org’s General Session set the stage for this afternoon’s workgroup meetins as well as the music industry’s progress in the year ahead.
digitalmusic.org and TAG Strategic teamed up yesterday for a session that examined the role that music played in the traditional-going-digital, television-driven entertainment landscape, and the technologies and applications that must work together to build a seamless experience for the music lover.
A white-paper recapping the discussion as well as next steps action items for our digitalmusic.org work groups will be released in the coming days.