The 10th Vienna Music Business Research Days 2019 in retrospective

At the 10^th anniversary Vienna Music Business Research Days music business researchers and music industry representatives from around the globe looked into the crystal ball to highlight and discuss the “Future of the Music Business”.

The Young Scholars Workshop traditionally opened the conference as a forum for master and PhD students to present and discuss their research results with renown international music business scientists. This year two papers were awarded by an international jury with the first prize: “THE NEW MAGIC PEOPLE: An Ethnographic Study of East London’s Cultural Workers at Shoreditch House” by Sam Edrisi of Westminster University and King’s College London and “Creativity, Constraints, and Copyright – Hired Music Guns and the Case of Soundalikes” by Konstantin Hondros of the University Duisburg-Essen. Both papers are considered tob e published in the International Journal of Music Business Research (IJMBR).

On the following Conference Track Day, music business researchers from Australia, Austria, Germany, Italy, the Netherlands, Norway, Romenia, Spain, South Africa, UK and the US presented their research results on a broad range of music business topics, such as gender aspects in the classical music sphere, the live music business in the Netherlands, self-management and entrepreneurship of musicians, the demand for music in the music streaming age, music branding, music labour markets and music education issues (see program).

The final Invited Conference Day on September 13^th focused on the conference main topic the “Future of the Music Business”. The London-based entertainment lawyer Cliff Fluet held the introductory keynote “The Music Business & Technology – How Their Past and Present will Dictate Their Future” and joined the following panel discussion on “The Future of Music Copyright” with Ros Lynch (Intellectual Property Office, London) and the blockchain start-up founder Steve Stewart (vezt, Los Angeles), moderated by Sally Gross (University of Westminster, London). The panelists discussed the impact of new technologies such as the blockchain and artificial intellectual on copyright legislation.

Michael Smellie, the former COO of Sony/BMG and Australian start-up investor, closed the morning session by looking back into the music industry’s recent past with his keynote on the music industry’s “Seven Deadly Sins” to learn more about the industry’s future.

 

After the lunch break Paul O’Hagan of the University of Ulster had a conversation with music manager Peter Jenner on the concept of label service contracts, which Peter Jenner introduced by signing Billy Bragg to Cooking Vinyl. Label service contracts have become very popular among superstars such as Taylor Swift, since there is no need to contract away all rights to the labels. Peter Jenner was also a mastermind and initiator of the “Music 2025” project, which was introduced for the first to the public by him and Dennis Collopy (University of Hertfordshire, UK) in 2014 at the Vienna Music Business Research Days. This year Dennis Collopy presented the project’s results to an international audience.

In the following keynote “What Are the Key Drivers of Growth in Music Streaming?” music industry analyst Chris Carey outlined the past, present and future developments in the music streaming economy. This was a good starting point for the final panel discussion on “Future of the Music Business – What’s Next after Music Streaming?” with Rebecca Brook (music industry consultant, London), Chris Carey (Media Insight Consulting, London), Phil Graham (University of the Sunshine Coast, Australia) and Michael Smellie (start-up investor, Australia), moderated by Dennis Collopy (University of Hertfordshire).

The 10^th Vienna Music Business Research Days were supplemented by a book presentation event in the evening of September 11^th. Daniel Nordgård of the University of Agder in Kristiansand/Norway presented the first volume of the Springer book series “Music Business Research” entitled “The Music Business and Digital Impacts. Innovations and Disruptions in the Music Industries“. Phil Graham of the University of the Sunshine Coast/Australia followed with the presentation of the book series’ second volume “Music, Management, Marketing, and Law. Interviews Across the Music Business Value Chain“. Subsequently both authors joined a panel discussion on “Big Data in the Music Business” with the Vienna-based start-up entrepreneur Nermina Mumic and music manager Peter Jenner.

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The UK Music Business 2010 – A Summary of Will Page’s and Chris Carey’s ‘Adding up the UK Music Industry 2010’

It’s now the third time that Will Page and Chris Carey from PRS for Music added up the UK music industry. The main result is that total UK music revenues fell 4.8 percent to £3.775bn in 2010 compared to £3.964bn the previous year. This figure includes the retail value of recorded music (-7.9% to £1.237bn) as reported by the British recorded music industry body (BPI), the estimated revenue of live music (-6.8% to £1.480bn), the adjusted collections by PRS for Music (-1.3% to £0.425bn), the adjusted collections by PPL and VPL (+18.9% to £0.079bn), the estimated inter-company B2B revenues (+7.2% to £0.218bn), the publishers’ direct revenues excluding income streams from PRS for Music (+0,6% to £0.242bn) and advertising and sponsorship revenue (+4.2% to £0.094bn).

Will Page and Chris Carey, „Adding Up the UK Music Industry 2010“, Economic Insight, Issue 23, 04.08.2011