A new Music Week conference, chaired by former Undertones front man Feargal Sharkey, is being held in London to discuss how best to make money from online music.
Making Online Music Play – How The Music Business Can Monetise The Digital Space, takes place at London’s Cafe de Paris on 4 June. The event will be chaired by Undertones front man and UK Music chief executive Sharkey, who has been trying to promote understanding between the music industry and Internet service providers (ISPs) since leaving his recording career.
Topics for discussion include how ISPs can help the music industry; the ways other industries are making money online; and identifying profitable uses of existing applications and social media channels. There will also be case studies examining the different business models of established online music channels, as well as weighing up the potential of online video.
“How to make money online is an all-encompassing and topical issue — not only for music companies and tech start-ups, but for all businesses built on copyright,” says Sharkey. “How we innovate, strike partnerships and capitalise on the limitless thirst for music online is key not only to our futures, but pertinent to every other creative business in the UK.”
UK secretary of state in the Department for Culture, Media and Sport, Andy Burnham, will be giving the keynote address at the conference, with other confirmed participants including ISPA UK chairman Nicholas Lansman, Nokia Music head of product marketing Tim Grimsditch and Shazam CEO Andrew Fisher.