Music Madness: The Age of Shrinkage & Disruption

Event factfile

Date of event: 4 March 2015
Event ends: 4 March 2015
Music Madness: The Age of Shrinkage & Disruption

The music industry, especially music publishing, has faced a challenged business environment for well over a decade in the face of declining CD sales – its major revenue driver - and new technology enabled online retailers that have completely disrupted the traditional marketplace.

On Wednesday 4 March, the eBusiness SIG were delighted to invite alumni to an evening with Neil Gaffney on Music Madness: The Age of Shrinkage & Disruption.

The music industry, especially music publishing, has faced a challenging business environment for well over a decade in the face of declining CD sales - its major revenue driver - and new technology enabled online retailers who have completely disrupted the traditional marketplace.

Moving from a local-market, low-volume, high-value business to a globalised, high-volume, low-value trading place, the music publishing industry has had to learn how to manage big data and micro-penny financial transactions against a back-drop of new business models and challenges to the traditional business set-up.  Despite all this, the industry continues to thrive.

It was a fascinating presentation from Neil, interspersed with lively discussion from alumni and guests, covering areas such as: 

  • How the market place has changed
  • Who the new players are
  • What music publishers have done to stay in the game
  • How the collection societies have changed to meet new business needs and demands from legislators in both the USA and Europe
  • Local markets versus Globalisation
  • Whether disruption has created a success story

  

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