I’m in Arizona right now, having just spoken to a group of financial people. Part of my keynote had to do with how things like smart phones and tablets have wrought great change on the recording industry.
Fast Company also has some opinions on the subject.
This much we know: The rise of digital music has completely changed the music industry. “It’s upside down,” says Dan Teree, a former Vice President of Ticketmaster. “Nobody buys music anymore. That whole recorded revenue stream is being gutted and it’s accelerating.” The downfall of a once-prosperous music recording industry has been much publicized, but what’s less often discussed is the massive opportunity to add value to the mobile music experience.