Nota Bene Episode 52: Technology and the Changing Music Industry Landscape with Sid Fohrman
As technology continues to grow and evolve, its impact on the music industry and the way artists create and distribute their art has been monumental. In this episode, we’re exploring the changes that are taking place in the music industry brought about by the rise of streaming services, the proliferation of artists, and new laws and regulations.
Joining host Michael Cohen for this conversation is Sid Fohrman. Sid is a partner in Sheppard Mullin’s acclaimed Entertainment and Digital Media Practice Group and Leader of the firm’s Music Industry Team, and Leader of the firm's Esports Industry Team. Sid represents a diverse client base comprised of public and private companies, on and off-screen talent, artists, influencers, and entrepreneurs across the full spectrum of the entertainment industry, including, music, esports, fitness, sports, technology, event, film and television industries.
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What We Discuss in this Episode:
What is causing the current growth in the music industry?
What accounts for 75% of increase in revenue in this space?
How has technology spurred the growth and popularity of streaming services?
How has tech altered the production and distribution of music by artists?
What are the pros and cons of having a lower entry to barrier for musicians to produce music?
How has traditional broadcasting media like radio been affected by streaming services?
What is the Music Modernization Act and how has it affected music publishing owner information?
Can blockchain technology find its way into the music industry?
Is there a willingness to license new technologies as they evolve and develop?
What are the new ways of monetizing music assets?
Resources
"Blockchain. Bringing A Chorus of Cheers to the Music Industry," , Law of the Ledger: Blockchain Law Blog Post, October 1, 2018