updated 1y ago
The Event Industry Is Being Confronted By Its Napster Moment
On one hand, this trend is potentially devastating for the performing arts industry. On the other hand, this challenge may represent a revolutionary opportunity for these organizations to fundamentally adapt engagement methods and means to change up these experiences as we currently know them – or at least to change up business models so that they
... See morefrom The Pandemic Has STILL Shifted the Types of Cultural Entities People Prefer to Visit by Colleen Dilenschneider
Jessica Ryan added
We all know about Netflix, we all know about Spotify and other media categories, and we also know what it has done to some industries... The music industry has lost, in the digital transformation, approximately 50 percent of its overall revenue pool.
— Markus Dohle, CEO, Penguin Publishing Housefrom No One Buys Books by Elle Griffin
Andrew McCluskey and added
- Take the music industry, for example. From Napster to the iTunes Music Store and now Spotify, the last two decades look a lot like an exercise in how to use internet platforms to effectively deny income to musicians while extracting maximum value in content and data.
from Platforms, Creative Communities, and the Need for a Radical Reimagining - The Reboot by Tim Maughan
sari added