Are Musicians Benefiting from Music Tech?


Posted on February 23rd, 2012 by Kristin Thomson in What We're Learning. 14 Comments

Takeaways

At SF MusicTech, we gave the audience three takeaways:

1. Emerging technologies have had a significant impact on their careers as musicians and composers. The survey questions and interview responses strongly suggest that emerging music/technology has had a measurable impact on their careers as musicians and composers.  Revenue generation aside, technology has made them more self-sufficient, given them the ability to connect directly with fans and peers, and leveled the playing field in general. But technology also brings new challenges; some musicians and managers we spoke with found navigating this new landscape exhausting, and the new responsibilities and opportunities distracted them from their core work creating or performing.  

2. Overall, digital sales platforms seem to be having a positive impact on musicians’ earning capacity. iTunes is the digital store that most musicians and managers that we interviewed mentioned as being the most impactful, and digital sales/downloads in general is the activity that is most acknowledged by our survey respondents. A strong caveat that this only impacts musicians who have the opportunity to make money off of sound recordings.  We can’t forget that this digital transition, as great as it’s been for many musicians, is “not applicable” to others – the session musicians, the salaried players, the teachers, and composers who create works for broadcast and other non-sales options.

3. Streaming services are not a significant revenue stream for musicians….yet. Perhaps our timing is impeccable, and we are at the cusp of a new wave of revenue from millions of subscription service plays. There certainly was hope for that expressed by some of our interviewees.  But many artists are either not seeing the money yet or, if they are, it’s not enough for it to make a dent in their pocketbook.  This resonates closely with the ongoing discussions about artists’ payments for streaming plays, and a conversation that will certainly continue over the next months and years.

We encourage you to take a deeper look at our findings, and at our future releases where we will continue the conversation about how musicians and composers’ revenue streams are changing in the 21st century.






14 responses to “Are Musicians Benefiting from Music Tech?”

  1. […] does he mean the highly optimistic FMC study in which they concluded that “overall, digital technologies seem to be having a positive […]

  2. […] does he mean the highly optimistic FMC study in which they concluded that “overall, digital technologies seem to be having a positive […]

  3. […] does he mean the highly optimistic FMC study in which they concluded that “overall, digital technologies seem to be having a positive […]

  4. […] The impact of music technologies on musicians’ careers and their earning capacity […]

  5. […] Musicans surveyed at SF MusicTech: benefitting from music tech? […]

  6. […] In this class and several of my previous classes at BEAU we have talked about resources available to musicians and the impact of said resources. In my opinion the internet is the best and worst tool available to musician.  But I don’t exactly mean ‘best’ and ‘worst’ in the traditional sense. The Future of Music coalition has done many relevant and important studies on the effect of emerging technology on musician’s careers. They can be found on the web here: http://futureofmusic.org/ and the specific article I’m using here: http://money.futureofmusic.org/are-musicians-benefiting-from-music-tech-sf-musictech-presentation/. […]

  7. […] of people who are going to listen to that, will listen to it carefully. The bottom line here is that technology is a huge friend to musicians with the right approach, but sadly it has been abused in modern times, and that led to the occurrence of millions and […]

  8. […] via Are Musicians Benefiting from Music Tech? | Artist Revenue Streams. […]

  9. […] music tools made possible through the ownership of PCs, laptops, tablets, and phones. A 2013 survey from “Artist Revenue Streams” indicates that nearly half of today’s musicians feel comfortable with the idea of producing or […]

  10. […] music tools made possible through the ownership of PCs, laptops, tablets, and phones. A 2013 survey from “Artist Revenue Streams” indicates that nearly half of today’s musicians feel comfortable with the idea of producing or […]

  11. […] thanks to our technology, we have turned music into something new and even more entertaining. There are music videos, […]

  12. […] music artists are affected by new technologies such as mobile apps. A survey done by Artist Revenue Stream showed clearly that emerging music/technology has had a measurable impact on artist’s careers as […]

  13. […] music artists are affected by new technologies such as mobile apps. A survey done by Artist Revenue Stream showed clearly that emerging music/technology has had a measurable impact on artist’s careers as […]