On March 3, 2017, an international workshop on “The Blockchained Music Business” was organized by the Department of Cultural Management and Gender Studies (IKM) of the University of Music and Performing Arts Vienna and the Music Information Center Austria (MICA). Carlotta De Ninni (Mycelia for Music Foundation, London), Peter Jenner (Sincere Management, London) and Benji Rogers (PledgeMusic & Dot Blockchain Music, New York) were the workshop supervisors focusing on different aspects of the blockchain technology’s impact on the music business. In the second part of the workshop’s summary, we focus on the discussion of the workshop-group on the impact of blockchain technology on the music industry’s intermediaries that was supervised by Benji Rogers (PledgeMusic & Dot Blockchain Music, New York).
Posts Tagged ‘PRO
Tags: Benji Rogers, blockchain, collecting societies, cutting out the middlemen, disintermediation, Dot Blockchain Music, fairness, intermediaries, music distributors, music managers, music publishers, Performing Rights Association, PRO, record labels, recorded music companies, transparency
Tags: artist income, ASCAP, Believe Digital, BMI, collecting society, composer, content aggregator, copyright, Deezer, Harry Fox Agency, iHeartRadio, income distribution, income of musicians, master right, mechanical right, MRO, music publisher, music streaming, musical copyright, Pandora, performance right, performer, PRO, rdio, Rebeat, record labels, revenue distribution, SESAC, Sirus XM, songwriter, sound recording right, SoundExchange, Spotify, streaming income, streaming revenue, The Orchard
The Rethink Music initiative recently published a report on “Fair Music: Transparency and Money Flows in the Music Industry”. The report identifies barriers in the money flows to artist and states:”[O]nly a small proportion of the money beyond the initial recording advances ultimately makes its way to artists as ongoing revenue.” (Rethink Music, 2015: 3). Especially in the digitized recorded music business the revenue streams are often obscure and non-transparent. And if it comes to music streaming, artists are sceptical about the underlying business model. Based on the report’s finding, the revenue streams from music streaming and the structures behind the business are analysed.