Music 4.5 The Economics of Streaming adds final three expert speakers to agenda
Over the weekend, colorfully-worded site Gizmodo helpfully positioned SoundCloud’s debt financing against the industry’s larger woes. Streaming Music Services, From Most Screwed To Least Screwed details – in language NSFW – how “streaming services in general are kind of f*cked.”
“The payment model for streaming music services makes it very difficult for companies to actually make money,” writes article author Christina Warren. “In addition to infrastructure costs, payroll, and marketing, music licensing fees paid to the labels mean that the profit margin for subscription streaming is often negative. Profitability, even for the biggest players, is still largely a pipe dream. As a result, it’s a game where only services with a lot of funding and a lot of users (Spotify), or a lot of backing by a parent company and a lot of users (Apple Music), are relatively safe. At least for now.”
Music 4.5 The Economics of Streaming convenes tomorrow (29 March 2017) in New York and will place the issue of streaming service profitability alongside other issues affecting the industry, including overall artist dissatisfaction with revenues, transparencies, and the ‘value gap.’ In an ecosystem so clearly broken, what changes to the overall landscape – including legislation and licensing – must be made to make it a better business model for all?
We are pleased to announce three more speakers added to our already packed agenda. Anna Siegel, a New York based consultant for the Dutch digital music distributor FUGA and Helena Kosinski, VP, Client Solutions for Nielsen Music, with responsibility for Nielsen’s business with major and independent music publishers and performing rights organizations, will speak collaboratively on how Facebook’s current lack of licensing impacts artists and the music business, and what opportunities the new Facebook strategy offers the music business.
Dick Huey, founder of Toolshed, a NYC-based digital strategy and music rights licensing service for consumer brands, media, tech, sports, and entertainment companies, will dissect “the subscriber share model,” explaining how the current streaming royalties from subscription services like Spotify, AppleMusic, and others are distributed using the “Big Pool” (pro-rata) distribution method, and how a subscriber-share system could increase royalties as music streaming services start to scale.
These three join our already stellar speaker and moderator line-up, which also includes:
Deborah Newman, Consultant, MusicStrat
Tiffany Almy, Senior Associate, Reed-Smith
Richard Burgess, CEO, A2IM
David Levin, Vice President Digital Licensing, BMI
Steven Marks, Chief Digital Business and General Counsel, RIAA
Barry Massarsky, Economist and Strategist for Music Industry Revenue
Bill Rosenblatt, Founder, GiantSteps Media Technology Strategies
Christopher Harrison, VP Music Business Affairs, Sirius XM Radio
Pete Jimison, CEO, F Sharp
John Raso, SVP of Client Services for HFA and Rumblefish
This is Music 4.5’s third New York seminar, part of its continuing commitment to exploring how music and technology intersect in the U.S. Get your tickets now!
Music 4.5 is conceived, organised, and executed by 2Pears, the team that creates opportunities and events to inform, educate and connect entrepreneurs, startups and investors in music, media and technology.