I waited off to the side, reporting on the Future of Music Coalition’s annual policy summit in Washington, DC. “Would you be willing to come speak to my class sometime?” one of her alma mater professors asked, to which she agreed. Another colleague leaned in for a hug. Things quieted down a bit, and both women graciously agreed to an audio interview. Without further ado, here’s our conversation about the music industry, creativity, women in business, and thoughts on the question: Can the world can be saved?
For balance, here’s the Future of Music Coalition, which is quoted in the piece, taking issue with some of the details. “If you want to know how musicians are faring,” the collective writes, “you have to ask musicians. You’ll get different answers from different musicians, and they’ll all be correct in terms of their own experiences. But your overall understanding will better reflect the complexity of the landscape.”
Future of Music Coalition has conducted an earnings survey among US composers and musicians and followed it up with detailed financial case studies.
They arrived at the conclusion that there are 42 ways that musicians are augmenting their income, including ringtone revenue (big for Boccherini), ‘neighboring rights royalties’ (is that the people next door paying you to let them sleep?) and ‘composing original works for broadcast’ (not much money there).
That’s 42 ways to feed the family.
Then they found three more. Read the full 45 here.
In this episode of Music Biz Podcast, we talk with Scott LeGere and Jay Coyle, who are music business educators and entrepreneurs. Scott is the head of the music business department at McNally Smith College of Music. He has a long history of founding companies, teaching classes, playing music, and recording bands. Jay is the founder of Music Geek Services, a music marketing and digital strategy agency for artists. He also teaches music business classes at Berklee Online. The three of us attended the Future of Music Policy Summit in Washington, DC a few weeks ago. I sat down with Scott and Jay for dinner, we had a couple of drinks, and we recorded a podcast.
Once the Beatles do accept streaming — well, if they do — it could mark a point of no return for a record industry still not totally convinced of streaming as its future. “It could signal to consumers that the format shift is complete,” says Casey Rae, CEO of the Future of Music Coalition, an artists’ advocacy group.
According to Billboard magazine, “25” is expected to sell more than 1 million units in North America in its first week, and will very likely be the biggest album release of 2015.
Casey Rae, chief executive of Future of Music Coalition, told the New York Times that Adele’s decision to withhold the new album on streaming for a certain period of time was sending a “strong signal to other artists.” However, in reality not all artists are able to make those same choices, he added.
[Amber Healy, our DC correspondent for sister website Geeks&Beats, recently attended the Future of Music Conference and came away with some interesting insights. In this story called “Don’t Kill the Kitten that Cures Cancer,” she debates the finer points of music streaming. – AC]
With a few probably exceptions, musicians aren’t making obscene amounts of money from streaming services or people who pay for subscriptions to them.
But is there a better way? Might it be possible to let individual listeners decide how much of their monthly fees are going to bands they like, instead of a communal pot o’ cash? read more
Every year, the nonprofit Future of Music Coalition hosts a summit that tackles the trickiest issues facing musicians today, and it’s not afraid to get into the weeds.
At this year’s conference, held in October at Georgetown University in D.C., musicians, educators, reps and DJs took on the big subjects, including music education and the modern role of radio. But many panels went deeper, examining the nuts-and-bolts of the digital music economy — and exposing new fault lines in the process.
Here are the three biggest ideas I heard at this year’s Future of Music Policy Summit. read more
The lunch line was bustling in the Hoya food court. The Future of Music Coalition’s 15th Annual Policy Summit was well underway at Georgetown University in Washington, DC, and I was hungry. I had set out to procure a veggie burger. I found it, and the future of music sales. And to think I would have been excited about a side of fries…
It happened like this: While waiting in the cue, two guys in Peertracks polo shirts walked up, also foraging for lunch. We got to chatting, and they explained how they were building a way to sell music with blockchain technology (think Bitcoin), and take it directly peer-to-peer. “Like an iTunes killer?” I queried, eagerly asking if they’d do an interview. The result of this conversation is what you’ll hear in a moment. read more