The music business is half the size it was ten years ago, and many people believe music should be free. On The Future of What we talk to musicians and allies to find out what's happening now and where we're going. Is there a future for music... or what?
While the effects of the COVID-19 quarantine on live entertainment and brick and mortar retail are already apparent, other sectors of the music industry like publishing haven’t truly felt the effects of the pandemic yet because of their buffered collection timeline. Will some sectors bare the brunt of this pandemic, while others thrive? Join us this week as Portia speaks candidly with members of the MusicBiz board about how they intend on mediating the effects of this pandemic on their particular niches inside of the music business, and what best practices look like moving forward.
It should come as no surprise that independent record stores have been particularly hard hit by the “shelter in place” orders established by many states around the country in the wake of the COVID-19 outbreak. Some retailers have pivoted to online sales and other creative means to keep customers happy, but for many brick and mortars, this move just isn’t enough to maintain community or their bottom line. To make matters worse, the revenue generated by Record Store Day will not be coming anytime soon, as the worldwide event has been pushed back until June, at the very earliest. How will your favorite record stores survive this pandemic? Tune in and find out!
Guests:
Carrie Colliton (Record Store Day)
Andrea Paschal (CIMS)
Eric Levin (AIMS)
Glenn Dicker (Redeye)
Mark Kaplan (Citrin Cooperman)
Monika Tashman (Manatt, Phelps & Phillips LLP)
Music:
Bratmobile “Girl Germs”
Bratmobile “Cherry Bomb”
Delta 5 “Mind Your Own Business”
Credits:
Portia Sabin (Host)
Will Watts (Producer)
Since 2015, the Nashville Entrepreneur Center has played host to Project Music, an accelerator program for tech start-ups whose focus is upon creating solutions for the music industry. This first of its kind accelerator program has supported five different cohorts to date, and several members of those cohorts have already gone to market with their unique solutions, as a result of the mentorship and fundraising help they received through the program.