The organisers of the interesting EconMusic event at the Natural History Museum last month have released a video of a panel session which took place during the event.
Focused on social networks, this featured UK singer/songwriter, Billy Bragg; David Hyman, CEO, Mog; Spencer Hyman, COO, Last.fm; Steve Purdham, CEO, We7; Danny Rimer, Partner, Index Ventures. It’s worth a watch.
We7 CEO and co-founder Steve Purdham is over the moon at achieving a BT Digital Music Award, but warns that the industry remains under threat – even at this stage in its evolution.
“The digital world is about to go through another upheaval with 1 billion streams on MySpace Music, We7 Launching in November and Apple threatening to pull the plug,” he said, speaking to Distorted Loop just in advance of the revelation of the royalty deal for publishing in the US announced last night.
Despite the hubbub of activity, Purdham thinks there’s still significant challenges to the development of the digital music industry.
“All of this activity shows two things, first the demand for digital music is outstanding and if allowed to flourish will build a very healthy business for artists, labels and fans alike,” he said, warning, “but at the same time the fundamental economics of the industry are still trying to kill off the opportunity rather that allowing it to grow.” Continue reading →
Marillion’s move to make the band’s latest album available through file-sharing networks raised lots of eye-brows, with industry mutterings claiming the scheme would never, ever work…they were wrong.
The band’s business manager, Erik Nielsen, MD of Intact/Racket Records, told attendees at yesterday’s hugely interesting EconMusic Conference just how successful the free release has been for the band.
“We made our album available through BitTorrent, ” he said. “Since then we have tripled our sales of physical product…” That’s right – they tripled physical sales – by being nice to their fans. Continue reading →