Parth Srivastava’s Post

Some strong words and assertions in this piece. Worth a read, think and discussion. "It cannot be understated enough that the bargaining abilities and artist control that lie as core tenets of the independent distribution space directly refute the rotten systems that allows the major label industry to sustain its system of abuse." INDEPENDENT MUSIC IS THE ONLY MUSIC INDUSTRY WORTH SAVING: https://lnkd.in/grKfkn2E

Partner Udo Onwere discusses the recent dispute between Sony Music Group and the estate of Michael Jackson, and explores the legal complexities surrounding the administration of musicians' estates, in Music Business Worldwide (MBW) Read Udo’s article here: https://lnkd.in/gu48qJs5 #Probate #IP #Estates #MusicLaw

Such an important topic of discussion with Gee Davy in Music Week 'on what UK artists and labels need to thrive amid increasing global competition' “British music is globally respected but the financial squeeze on UK-based labels and artists, particularly at the smaller end of the market, which cannot rely on corporate reserves or economies of scale, means less budget available for marketing, export or touring. Coupled with a reduction in real terms government funding for some of these activities over time, this means that it has become harder than ever for the UK to compete with other net music exporting nations.” ''There are plenty of UK artists being developed but breaking through is harder than ever. With the independent music business reportedly releasing 80% of new music, despite only 31.5% market share, there is a clear need for support for the independent sector to ensure British music can regain its top chart spots.” “The unique cultural makeup across the UK creates the perfect conditions for great music-making. Music and musicians speak to people’s lives and are important for the nation’s well-being and success and recognition. Homegrown talent and those who support their careers must get the attention they need to find and drive revenues back into the UK’s music economy – to fund investment in diverse future generations of great British music.” https://lnkd.in/ebcWKE3t

It is time to back British artists. At the risk of sounding like a broken record (pun intended), if we hope to fix and future proof the live music industry, we must recognise that activity i.e. performances are the means of doing that. Supporting infrastructure alone, will not build new audiences, develop the artists of tomorrow or pay the countless others that rely on artists for their income (managers, agents, crew, musicians etc). If we get this wrong, it will have the same effect as mothballing the music industry during the pandemic lockdowns. The people that make up the sector will be unable to survive, audiences will diminish and artists will not develop their craft. cc. Featured Artists Coalition (FAC), Andrew Trendell, NME, MMF (Music Managers Forum), Musicians' Union, LIVE (Live music Industry Venues and Entertainment) https://lnkd.in/eS66jZRZ

Interested in learning more about music bands and partnerships? Read my colleague's article below that outlines the implications of not having a partnership agreement in place.                         https://lnkd.in/dafNj5Dj

Brexit has a significant impact on the UK music industry. The proportion of artists reporting income loss due to Brexit has risen due to rising logistical costs, which add pressure on musicians. Touring in the EU has become more challenging, with increased costs and red tape deterring many musicians. While superstar artists have the resources to overcome these obstacles, lesser-known musicians and supporting staff face significant barriers, including the 90-day visa limit. UK Music's report warns that, without a more ambitious post-Brexit strategy, the UK risks falling behind in the global music industry.

“How the music industry should operate is straightforward: it requires dedicated musicians”， writes ANBOUD's founder Kung Chan in an article published in CEOWORLD magazine, citing the internationally popular artist Taylor Swift as an example that musicians from China can learn from. #musicindustry #TaylorSwift #successstory #musiceconomy #ErasTour #Taylornomics #Swiftnomics #creativemusicians #economicimpact #localeconomies #culturalgrowth #musiclegacy #Chinesemusicians https://lnkd.in/gXQbCc4c

Navigating the Music Industry: A Guide to Rights for Musicians In the vibrant landscape of South Africa's music industry, understanding the intricacies of music royalties is crucial for musicians to secure fair compensation for their artistic endeavours. This article aims to shed light on the various types of rights available to South African musicians #musicpublishing #entitydeep #musicbusiness #Navigatingthemusic https://lnkd.in/dfCc9ptY

It's hard to make it in the music industry. Streaming platforms now account for 48.3% of global recorded music industry revenues, amounting to $17.5 billion in 2022. This has changed not just the way people listen to the music but the very economics of the industry, particularly in terms of revenue and contract negotiations. Artists face a hard choice: sacrifice their identity & artistic integrity for fame or risk obscurity. The idea of "selling one's soul" has been a repeated theme in the music industry. Many would argue that it’s just a metaphor for sacrificing artistic integrity for fame and money. But can it be more than just a figure of speech & is there a way to dance with the devil without losing your soul? Trying to figure out exactly that in our new piece 👇 #musicindustry #musicbusiness #music https://lnkd.in/d2v_q_ri

In today's music business environment, it appears as if AI-driven music will continue to take market share from the largest music rightsholders, defining the music business of tomorrow. It is not impossible for these music rightsholders to thrive in this ‘new normal’. But, due to a number of threats to their dominance, the global business’s power balance is irrevocably changing. #AIinmusic #musicbusinessworldwide #newnormal https://hubs.ly/Q02yp7gR0