Music 4.5: Music & Sport
Event Info
Description
Music & Sports – united moments of joy need new revenue streams
Music and sports both have at their core a focus on the experiential and shared emotions, deriving revenue from live performances, fan clubs, super-fans, merchandising, ticketing, broadcast and video.
The traditional music industry has been rocked by online piracy, peer-to-peer sharing, UGC, and new forms of online businesses delivering music. What are the online businesses that rock the sports industry?
The experience of live music is seen as a revenue generator, at least for some artists, but the live broadcast or music video business model is still in development. Meanwhile, for the live sports experience the cost of broadcast rights are rocketing yet live sports coverage is less pirateable than music. It also loses some of its value once it is no longer live contrary to music.
Both the sports and the music industry seek to protect their rights, reduce and control piracy, and both worry about putting their valuable property online without the tools for rightsholders to monetise it, and quickly identify illegally uploaded content and have it taken down.
Both industries need to diversify and increase their revenue streams – how differently are they going about this and what role does technology innovation have both as a disruptor and a means to monetise?
What can the music industry learn from the sports industry and vice versa?
