Posts Tagged ‘Financing Music in the Digital Age

01
Jan
16

Music Business Research 2015 – in retrospective

Dear readers of the music business research blog,

2015 Music streaming was again the main topic in the music business. In June, Apple Inc. introduced the long rumoured music streaming portal Apple Music to the public. Instead of a freemium tier Apple Music is built around an online radio station – Beats 1 – and enables direct contact between musicians and fans by Artist Connect. Nevertheless, Taylor Swift was not amused. She threatened to withdraw her music catalogue from Apple Music as long as no licensing fees are paid to rights holders in the initial trail period. Apple’s VP of iTunes, Eddy Cue, immediately responded by Twitter to announce that Apple Inc. has changed its mind and “will pay artist for streaming, even during customer’s free trial period”. However, the conflict shows that the discussion on music streaming payments to artists will continue in 2016. An analysis on the blog already addressed that problem – Music Streaming Revisited – the Problem of Income Distribution – and even superstars cannot afford a living from music streaming revenues: Music Streaming Revisited – The Superstars’ Music Streaming Income. It was also highlighted on the blog that the main winners of the music streaming boom are the major recorded music labels which can successfully market their catalogues: Who Benefits from Spotify & Co.?

Before Apple Music was introduced to the public, premium music streaming service Tidal was launched by Jay-Z and 16 further superstars of the music business in March 2015. It remains to be seen if the music fans are prepared to pay a monthly fee of US $19.99 for high fidelity music streaming. The number of subscribers since Tidal’s launch tells a different story.

In November 2015, Google unveiled the first details on YouTube Red. YouTube Red is the successor of Music Key, which never made it out of the beta version. The new streaming service aims to successfully compete with Spotify & Co. 2016 will show if the dreams will come true.

It is striking, however, that all the new music streaming services lack a freemium tier. This nurtures speculations that the end of free music streaming is near what would be applauded by high ranking music industry representatives who regularly clamoured the dismissal of Freemium music streaming models in 2015. It is, however, questionable if a stop of free music streaming is the golden rule for the music business since most of the music streaming markets are not fully developed yet as highlighted in a blog entry: Music Streaming Revisited – the International Music Streaming Market 2014.

Although music streaming seems to stabilize the recorded music markets – see e.g. U.S. and Germany – the first signs of a market consolidations has become visible. The German music streaming pioneer Simfy had to close down and the U.S. based streaming platform rdio went bankrupt in 2015.

Investors, however, do not bet on music streaming services anymore as the panel discussion “Financing Music in the Digital Age” within the 6th Vienna Music Business Research Days highlighted. The international music business research conference that again was held at the University of Music and Performing Arts Vienna in cooperation with Waves Vienna Festival & Conference also addressed the question in a presentation and panel discussion if streaming is a relevant revenue source for opera houses and concert halls. And the economic relevance of crowdfunding for the music business was analysed in a keynote talk too.

Continue reading ‘Music Business Research 2015 – in retrospective’

09
Oct
15

6th Vienna Music Business Research Days in Retrospective

VMBRD-logo“Financing Music in the Digital Age” was this year’s main topic of the 6th Vienna Music Business Research Days 2015 held at the University of Music and Performing Arts Vienna. International music experts and music business researchers approached this topic from different perspectives on the third conference day on Oct. 1.

However, the conference started with the Young Scholars’ Workshop on September 29. Graduate and PhD students from Brazil, Ecuador, Germany, Hungary, Norway and Poland presented their theses in a closed workshop in group of highly regarded music business/industry researchers. The best paper of the Young Scholars’ Workshop was awarded to Abner Pérez of the Universidad de las Americas Quito, Ecuador for his paper “Compulsory Licensing in the Recording Industry”. The paper will be published in the International Journal of Music Business Research (IJMBR).

The second conference day on September 30, was devoted to academic music business research. Scholars from the Australia, Austria, China, Brazil, Germany, the Netherlands and Spain highlighted in their papers the results of their music business/industry research.

The third conference day was then held in cooperation with the Waves Music Festival & Conference, Vienna & Bratislava.

For a detailed coverage of the entire conference– including most of the papers and presentation slides as well as the audio and video streams of almost all talks and discussions of Oct 1 – please click here.

Continue reading ‘6th Vienna Music Business Research Days in Retrospective’

28
Sep
15

6th Vienna Music Business Research Days, Sep. 29 – Oct.1, 2015

VMBRD-logoThe 6th Vienna Music Business Research traditionally start with the Young Scholars’ Workshop in the Large Conference Room of the Institute for Cultural Management and Cultural Studies (IKM) at 9:00am on September 29, 2015. Graduate and PhD students from Brazil, Ecuador, Germany, Hungary, Norway and Poland will present their theses in a closed workshop to highly regarded music business/industry research who will comment on and discuss the papers.

The second conference day on September 30, will be devoted to academic music business research in Joseph Haydn-Hall in the main building of the University of Music and Performing Arts Vienna from 9:00am to 18:00pm. Scholars from the Australia, Austria, China, Brazil, Germany, Iran, the Netherlands and Spain will highlight current results of their reseach on the music business/industry.

“Financing Music in the Digital Age” is the main topic of the third conference day in Joseph Haydn-Hall of the University of Music and Performing Arts Vienna  from 9:00am to 17:00pm on October 1. The conference day will be opened at by Dagmar Abfalter (University of Music and Performing Arts Vienna) with a paper – co-authored by Serge Poisson-de Haro (HEC Montreal) – answering the question is “Opera Streaming a New Revenue Source?” . In the following panel discussion – conducted by Dagmar AbfalterLuke O’Shaughnessy (The Oper Platform, Brussels), Christof Papousek (Cineplexx International GmbH, Vienna), Christopher Widauer (Vienna State Opera) and Robert Zimmermann (Berlin Phil Media GmbH of the Berlin Philharmonic Orchestra) will discuss on “The Economic Relevance of Classical Music Streaming” from 10:15-11:15.

Before lunch – from 11:45-12:30 – Kieran Garvey, Policy Programmes Manager and Research Associate at the Cambridge Centre for Alternative Finance, will highlight the role of “Alternative Financing of Music” with a special focus on music crowfunding.

After lunch – from 14:00-14:45 – start-up entreneur Andreas Mahringer and business “angelina” Selma Prodanovich will unveil the processes and structures behind start-up funding in a case study on the Viennese-based music start-up Record Bird.

Andreas and Selma will then participate in the following panel disuccion – conducted by journalist Jakob Steinschaden – on “Music Start-up Funding in the Digitized Music Economy”. The other panelists are Michael Breidenbrücker (co-founder of LastFM; speedinvest, Vienna and London) and Peter Jenner (Sincere Management, London).

The conference will be closed with awarding the best paper of the Young Scholars’ Workshop in Joseph Haydn-Hall of the University of Music and Performing Arts Vienna at 17:00 on October 1, 2015.

 

Find more details on the conference program here: https://musicbusinessresearch.wordpress.com/vienna-music-business-research-days-2/

 

The conference day on October 1 will be audio live-streamed here: http://www.mdw.ac.at/mdwMediathek/livestream/ and please follow us on Twitter and Facebook.

 

Tickets for passive participation of EUR 40.- are available on Ticketgarden: https://www.ticketgarden.com/en-at/tickets/vienna-music-business-research-days-2015/

The tickets are also valid to visit the Waves Music Conference that also take place at University of Music and Performing Arts Vienna on October 1, 2015.

 

Conference site & how to get there

Ticketing and conference accomodation

 

27
Sep
15

Introducing our guests: Kieran Garvey (Cambridge University)

Foto Kieran GarveyThe 6th Vienna Music Business Research Days 2015 focus on “Financing Music in the Digital Age”. International experts and academics discuss new and alternative revenue sources for the music scene such as music streaming for the classic music business, crowdfunding and business angel funding.

Since Bryan Zhang cannot participate in the Vienna Music Business Research Days 2015 due to health problems, his colleague, Kieran Garvey, will talk about “Alterative Financing of Music” in Joseph Haydn-Hall from 11:45-12:30 on October 1.

Kieran Garvey is the Policy Programmes Manager and Research Associate at the Cambridge Centre for Alternative Finance, helping to coordinate and deliver the Centre’s world class, alternative finance benchmarking reports. He is also involved in developing the Centre’s policy development networks, seeking to balance the promotion of financial innovation in the industry, while also ensuring investor interests are safeguarded.

Previously, Kieran was the Head of Partnership at Crowdcube, a leading equity crowdfunding platform, where he helped establish their presence in London and Northern England. He was also responsible for sourcing and securing 40 companies that went on to raise over €20 million. His role focussed on building strategic partnerships with a wide array of organisations, supporting all manner of entrepreneurs across a wide range of sectors and stages.

Prior to this, Kieran was a Parliamentary Crowdfunding Advisor helping to establish the All-Party Parliamentary Group on Crowdfunding and Non-Bank Finance. He also ran the day-to-day operations of the UK Crowdfunding Association, representing all crowdfunding models to promote the sector as a valuable and viable means to raise funds to the public, press and policymakers. Before this, he established a microfinance venture in Vietnam, inspired by Kiva.

21
Sep
15

Introducing our guests: Robert Zimmermann (Berlin Phil Media GmbH)

Foto R. ZimmermannThe 6th Vienna Music Business Research Days 2015 focus on “Financing Music in the Digital Age”. International experts and academics discuss new and alternative revenue sources for the music scene such as music streaming for the classic music business, crowdfunding and business angel funding.

Robert Zimmermann, CEO of the Berlin Phil Media GmbH of the Berlin Philharmonic Orchestra, will join the panel discussion on “The Economic Relevance of Classical Music Streaming” in Joseph Haydn-Hall of the University of Music and Performing Arts Vienna from 10:15-11:15 on October 1, 2015.

Robert Zimmermann, management consultant and film producer with a long track record within the media industry, is the CEO of Berlin Phil Media GmbH and initiator of the Digital Concert Hall of the Berliner Philharmoniker. In this unprecedented online concert venue, all concerts of the Berliner Philharmoniker are broadcast live online and later become available within a video archive. This archive, a who is who of classical music, already boasts more than 320 concerts from seven seasons.

As manager and consultant, Mr. Zimmermann has worked on a wide variety of projects for prestigious clients such as Lufthansa, the World Bank Group and various international banks. He has held several posts as restructuring manager and is managing partner of eins54 Film GmbH.

As a film producer, he produced award-winning culture and music programs such as “One Night. One Life” and “Dichterliebe” which both feature Christine Schäfer. Mr. Zimmermann’s connection with the Berliner Philharmoniker goes back to his production of the silent movie “Le Sacre du Printemps” which was accompanied by the Berliner Philharmoniker and Sir Simon Rattle during Berlinale 2004.

14
Sep
15

Introducing our Guests: Michael Breidenbrücker (LastFM, speedinvest, Vienna & London)

Foto Michael_BreidenbrueckerThe 6th Vienna Music Business Research Days 2015 focus on “Financing Music in the Digital Age”. International experts and academics discuss new and alternative revenue sources for the music scene such as music streaming for the classic music business, crowdfunding and business angel funding.

Michael Breidenbrücker who co-founded music streaming service LastFM that was sold for US $280m to CBS Interactive in 2007 is now a business angel investor with focus on the music industry. He will participate on the panel on “Music Start-up Funding in the Digitized Music Economy” in Joseph Haydn Hall from 15:15-16:45 on Oct. 1, 2015.

Michael is a serial entrepreneur who founded companies such as Last.fm and RjDj. You will find him either in the London startup scene or skiing and snowboarding in the Austrian mountains.

Michael co-founded Last.fm Ltd. and managed  the company as CEO from 2002 until 2005. His approach in combining music discovery, online radio and social software was awarded in Europe and the USA and brought the company to the attention of millions of consumers, global media and global players. In 2008 Michael founded Reality Jockey Ltd. which published several super innovative, world wide top 10 iOS applications such as “RjDj”, “Inception The App”, “Dimensions the game” or “The Dark Knight Rises Z+”.

Michael is Partner of Vienna based venture capital firm Speedinvest and also served on the board of 42Matters AG. He is founder of Speedstartstudio.com and an active angel investor and advisor to technology startups.

10
Sep
15

Introducing our guests: Andreas Mahringer (Record Bird, Vienna)

Foto Andreas MahringerThe 6th Vienna Music Business Research Days 2015 focus on “Financing Music in the Digital Age”. International experts and academics discuss new and alternative revenue sources for the music scene such as music streaming for the classic music business, crowdfunding and business angel funding.

Andreas Mahringer will highlight the relevance of business angels for music start-up companies in a project presentation. He will then join the panel on “Music Start-up Funding in the Digitized Music Economy” in Joseph Haydn Hall from 15:15-16:45 on Oct. 1, 2015.

Andreas is the Founder & CEO of Record Bird (recordbird.com). Record Bird notifies music fans about new and upcoming records by their favorite bands and musicians. Currently in private beta, Record Bird is about to close their first round of seed financing.

After graduating in ‘International Economics and Business Sciences’ from the University of Sydney and University of Innsbruck, Andreas has been working in the field of strategic planning and consulting in some of the world’s leading advertising agencies and advised one of the largest government projects in Australia in their corporate communication strategy.

Record Bird is the product of Andreas’ passion for digital technology and music, with the ultimate goal of creating a frictionless information flow between artists and fans in the context of recorded music. Get in touch with Andreas on Twitter/Medium: @mahringer_a

 

 




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