The new Spotify x Universal deal is also the next stage of development in the Artist Centric model. These things are now becoming (even more) important for artists π§΅
π Get inspired and learn: especially in Asia, artists are showing how to play the superfan game. Here you can read my new article about the Chinese music industry, for those who want to understand the basics: https://t.co/3B6UrQrlbh
The music industry faces a $4 billion opportunity
In this interview, @philknierim talks about the potential of using Web3 technologies in the music industry
GM, The music industry is trying to monetize superfans in 2024 - I have written an article that shows the opportunities for artists, majors, DSPs and distributors. Enjoy! π€
https://t.co/hPnwUb1PoH
WMG (@warnermusic) reveals plans to launch its own superfan-focused app.
"Iβve assembled a team of incredible technology talent who are working on an app where artists can connect directly with their superfans," said CEO @rkyncl.
We have more thoughts:
https://t.co/wDw8Cfqk2E
This will increase in the coming years. Majors will focus on artist dev instead of playing the "who will make it?" lottery. This will mean higher average revenue per artist in the balance sheet, but also more layoffs. These could also be positive for the indies, as many people with expertise will become free agents.