The term “Music Modernization” has recently been synonymous with popular legislation that will change the rate structure for payment for music creators. However, while policy is one area of significant change to the industry, the impact of technology and innovation are playing critical roles in new monetization and business models for the music industry and opening the eyes of other markets to the power of music—for both financial and customer experience benefits. This executive roundtable will kick off the event with a 360 conversation on the state of the industry—from all aspects.
The digital transformation of the music industry and the advancements in IoT are offering up new applications for music outside traditional consumer applications. Here is a unique look at how music has the ability to transform other industries from their leaders in customer experience. This session will introduce an opportunity for new conversations and partnerships between industries in an effort for both sides to benefit.
In the age of connectivity, the music industry is undergoing change of historic proportions. Hear from senior music industry executives what is on their mind as they lead their organizations through this digital transformation. This is a rare opportunity to listen to the challenges and opportunities that they have identified. Remarks will set the stage for discussion around innovation, business exploration and collaboration.
One of the greatest challenges for monetizing new applications for the music industry is digital rights management and fair payment to the entire music ecosystem. The music industry has unmatched complexities that make it a unique player in new applications and IoT adoption. Yet, MusiComms brings together the greatest minds in data management, assurance, accountability and reporting. What are the challenges at hand, how is the music industry currently addressing them, and where is there need for increased collaboration in an effort to unify and standardize a solution?
Digital streaming has challenged many of the staples the music industry knows about music listening. Radio has always been a primary and ubiquitous source of music. With new mobile and IoT applications challenging traditional radio models, what is the impact on the music industry of new smart home and smart vehicle applications. Listen to industry experts talk about these impacts and the innovative applications we have in-store beyond the simple mobile streaming model.
We began the event with a state of the industry that discussed challenges on the policy and technology sides to music innovation. Yet, IoT is unstoppable and the digital transformations of industries is set to topple the $462 billion mark by 2024. How can the music industry tap into this golden opportunity? Where do we go from here? This session will be a culmination of today’s discussion.