I recently had the opportunity to chat with Scott Kirby, founder of Music Revolt. I had no idea what I was in for.
Did you know that the music industry is the only creative industry that has a Payola law? Did you know that the 99 cent song proposed by Steve Jobs could be considered collusion, and that price fixing is essentially unlawful?
Well, if that sounds like news to you, then your eyes are about to be opened to the dysfunction that existed – and still exists – in the music industry.
In this episode, you will also discover how Bitcon Blockchain could save the music industry, why there can’t be a “Netflix of the music industry” under the current system, how Payola affects independent artists, and more.
In this episode, you will discover:
- How fans and musicians are getting a rotten deal.
- How many people will have smartphone or computer access by the year 2020 (hint: it’s in the billions!).
- What the filming industry got right that the music industry didn’t.
- What the Payola law is, why it was implemented, and what dysfunction it has caused.
- Where 90% of the music on the radio is coming from.
- Why Scott believes transparency is important for the future of the music industry.
- Why the 99 cent song is problematic for the music industry.
- How Payola affects independent artists.
- Why there can’t be a “Netflix of the music industry”.
Links and resources mentioned in this episode:
- KILLSWITCH Documentary
- Future of Music Coalition
- #30: Steve Taylor Interview, Religion & Politics
- The Bitcoin Blockchain Just Might Save The Music Industry…If Only We Could Understand It
- Break 35
- Leave a message in response to this podcast episode
- The New Music Industry: Adapting, Growing, and Thriving in The Information Age eBook
Thank you for tuning in!
Thank you for joining me for another episode of DAWCast: Music Entrepreneurship. If you have any comments, questions, suggestions, or requests, don’t hesitate to leave them in the comments section below.
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Author: David Andrew Wiebe
David Andrew Wiebe has built an extensive career in songwriting, live performance, recording, session playing, production work, investing, and music instruction. In addition to helping musicians unlock their full potential, he also continues to maintain a touring schedule with multiple bands.