The music industry is one of the most complex structures to work in these days. It takes serious time and patience to master the art of working in the music world. It does not matter if you are an audio engineer, music producer or studio owner. Having smart business models is the key to running fluent and profitable music businesses.
PREMIER STUDIOS PANEL DISCUSSION ON BUSINESS MODELS
Last month, there was a panel discussion between some of the most diverse members of the music community. They discussed the different ways that technology can affect your current and future music business models.
The experts went on to explain that technology is growing at a rapid rate. The only way to keep your music business models strong is to be aware of what is happening with technology and what you can do to help your business grow.
BUSINESS MODELS DISCUSSION PANELISTS
The panelists who were brought on to discuss the current events of technology and business models were big players in the industry. You might not know them by name. As an industry insider, you should know of some the accomplishments they achieved. Some of the most important panelists included:
- Tatiana Moroz
- Phil Quartararo
- Gregory Simon
WHAT THE BUSINESS MODELS PANELISTS BROUGHT TO THE TABLE
Tatiana Moroz went on to explain that she had plenty of chances to experiment with Tatiana Coin. She went on to explain how the process helped her learn about how to approach the angle as an artist and producer.
Some things, such as the securitization of assets by David Bowie was something that was unheard of until recently. Now it is a common thing for people in the business to do and is a means for leveraging your future productions.
Phil Quartararo is a legend in the music industry. When he brought his bit of insight regarding fans and their ability to give prompt feedback to the artist, it turned some heads.
Knowing how technology can bring producers, artists, and studio owners to connect with fans is a great way to build your company based on experience and feedback. His point is something to be considered, especially for someone who wants to make it in the music industry.
Gregory Simon is one of the co-founders of Ribbit.me. He knows business models since he has been working in the field for quite some time. The music industry insider explained during the panel that people need to understand the possibilities that this new technology brings to the table.
You can apply this factor no matter what you do in the music industry. Focus on pleasing your customers in new inventive ways and you will see results.
MUSIC BUSINESS MODELS TAKE AWAY
Here are some important factors you can take away from the music business models panel discussion:
- Technology is growing and will continue to grow at an explosive rate.
- You should learn how you can combine technology with your business models to help your music organization grow.
- There are some things that have not yet been discovered. Do not be afraid to jump ahead of the crowd and try new ideas.
Want to learn more about the music industry and how you can craft the perfect music business models? Consider music productions schools to help expand your knowledge.
F.I.R.S.T. Institute offers an Audio Engineering and Music Production program to give you the skills you need to get started. Contact F.I.R.S.T. Institute to get your music business career on track today.