NEW MUSIC SEMINAR: DAY 1 HIGHLIGHTS
NEW MUSIC SEMINAR: DAY 1 HIGHLIGHTS
NMS Brings Industry Innovators Together in the Midst of Apple’s iTunes Radio Announcement To Discuss The Future Of The Music Business
(New York, NY – June 11, 2013) – New Music Seminar (NMS) 2013 kicked off its conference yesterday morning as rumors of Apple’s pending launch of its streaming music service came to an end with the official announcement of iTunes Radio. The news created additional waves of discussion and debate among the C-level executives attending the conference including SoundExchange, Vevo, ClearChannel, YouTube, WEA, Sony Music and all of the digital radio providers such as Spotify, Slacker, Deezer, Cricket/Muve Music, WIMP, Sirius XM, Pandora and Rhapsody.
“We are extremely happy that Apple has chosen to announce the launch of iTunes Radio during the New Music Seminar. Apple’s entry into this burgeoning market brings us another step closer to achieving the 100 billion dollar music business,” remarked NMS Founder, Tom Silverman. “We are pleased that Apple has joined other companies that are attending New Music Seminar including Pandora, Spotify, iHeartRadio, Rhapsody, WIMP, Deezer, Xbox Music and Slacker in embracing the music streaming world, which will bring increasing new revenues to artists and their investors.”
With the introduction of iTunes Radio, the debate of how it will impact the music industry, and specifically the subscription service’s competitive landscape, will continue as the New Music Seminar delves into its second and final day of discussions amongst the brightest minds of the industry.
BUILDING TOWARD THE 100 BILLION DOLLAR BUSINESS – KEYNOTE
“The music industry is back!” declared Tom Silverman during this year’s Opening Remarks. Silverman outlined the return of the industry with four new revenue streams:subscription revenue, performance revenue, advertising revenue, sharing revenue, and new products and experiences. SoundExchange CEO Michael Huppe joined Silverman for the Opening Remarks and emphasized the importance of focusing attention on the value of music; the simple joy of listening.
Following the Opening Remarks, Silverman conducted a State of the Industry Keynote Movement with Frank Cooper, Global CMO of Consumer Engagement at PepsiCo, John Sykes, Presidentof Clear Channel and Rio Caraeff CEO of VEVO. Each executive discussed how their business has flourished due in large part to new technology joining people together to enjoy music. Sykes declared, “Music is the most powerful form of art in our culture, and it always will be.”
B&O PLAY and MEW LAUNCH ANNOUNCEMENT AT NEW MUSIC SEMINAR
The critically acclaimed Danish band, Mew, and the renowned audio- and television manufacturer, Bang & Olufsen, teamed up at New Music Seminar to announce The Sensory Spaces app as part of their global campaign, which will be rolling out over the next few months.
Corporate Vice President of B&O PLAY, Henrik Taudorf Lorensen premiered a teaser video to the industry crowd.
The music application will be an engaging experience allowing the user to navigate – using hearing and movement – through ”spaces” containing elements of music from Mew. The experience is both a path into the heart of Mew’s universe and a new platform showcasing the significance of quality sound.
The full application for smartphone and tablet will be released in August leading up to Mew’s forthcoming single, however a teaser site will be launched at www.sensoryspaces.com on June 12 at 7 PM CET.
OTHER STANDOUT MOVEMENTS FROM DAY ONE:
“Beyond Crowdfunding: Campaigns to Tap Into the Lost $2.5 Billion” movement, conducted by Billboard’s Glenn Peoples, was filled with visionary minds including RocketHub’s Vlad Vukicevic, PledgeMusic’s Benji Rogers, singer-songwriter Mike Doughty, and author Martin Atkins. Players stressed the importance of directly bridging fans with artists, primarily in the form of consumer engagement and experiences via crowdfunding platforms.
The Songwriters Movement presented by BMI included some of the biggest hit- makers and was moderated by Grammy award winning songwriter and producer Peter Asher. “Songwriting is where the whole thing starts, it is still the basis of our industry,” said Asher.
Joining Asher on stage was Jerry “Wonda” Duplessis, who has written for and worked with Whitney Houston, The Fugees, Jennifer Hudson and many more; Angela Hunte songwriter who penned the Alicia Keys and Jay-Z hit, “Empire State of Mind;” Sam Hollander music writer for NBC’s hit show Smash; Itaal Shur, who has written for Santana and Maxwell; Adam Schlesinger, a member of the band Fountains of Wayne; and Jared Cotter, who got his start as a contestant on FOX’s American Idol and has also had a show on Fuse and written for Flo Rida.
Stay tuned for more industry news coming live from New Music Seminar by following us at www.newmusicseminar.com and @newmusicseminar. Join the discussion at #NMS2013
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(Photo Credit: Roger Kisby)