Simon Wheeler, Director of Digital – Beggars and Paul Pacifico, Board Member – FAC join artist and songwriter Billy Bragg, Spotify’s director of artist services, Mark Williamson and forensic auditor Roger La Haye The Royalty Consultancy for streaming economics event with Chris Cooke, Business Editor – CMU providing a topic overview.
Subscription-based and ad-supported streaming music services will continue to grow significantly in 2014, both in terms of major entrants into the market and, current indicators suggest, in the number of subscriptions.
For some, streaming is the future of music consumption and thus recorded music revenues; dissent about the current economics of streaming is therefore short-sighted, and dissenters should be patient until the model reaches scale. For others, including some vocal artists, there is a fundamental problem with the way money passes through the system, eventually trickling through to creators.
This polarisation is only to be expected. Streaming is not just a new format; it heralds a revolution in the way music is consumed, with ownership of creative content being superseded by variations of the ‘access’ model. It also brings with it a complex new revenue system that many are struggling to understand.
Despite Spotify’s attempt in late 2013 to shine some light on its equations, there is still a palpable sense of confusion and distrust amongst artists both old and new around streaming. With this in mind, MusicTank aims to shed some light into the economics of the record business’ next big format shift.
DATE: Mon 7th Apr | 18.30 – 21.00 VENUE: Fyvie Hall, UoW, 309 Regent Street, London W1 COST: £15.00 students; £25 MusicTank members; £40 all others. Booking
SPECIAL OFFER: USE PROMO CODE TAEOS2014 before 5PM MARCH 31ST for £5 off.
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