Music Execs Share Digital Strategies at Chief Digital Officer Summit (VIDEO)

Music Panel with Moderator Dick Wingate: Chief Digital Officer Summit

Music Panel with Moderator Dick Wingate: Chief Digital Officer Summit

The recorded music industry was the first media business to be disrupted by the digital revolution.

And it was hit hard. In 1999 the industry’s global revenue was $38 billion, but by 2012 that number had fallen to $16.5 billion.

Yet, recent news for the industry is good.

In 2012, revenues for the music business actually edged upward—the first time since 1998. [See: IFPI Digital Music Report 2013]

“We seem to have hit bottom and moved up,” said Dick Wingate, Principal, DEV Advisors Digital Entertainment Ventures and moderator of the What’s Next in the Digital Music Ecosystem panel. The event was held at the Chief Digital Officer Summit in February 2013 at Thomson Reuters’ world headquarters at 3 Times Square in New York City.

Just how the music business has come to embrace—and profit from—the digital age was explored by four digital music industry leaders (from left to right):

  • Michael Doernberg: Chief Executive Officer at ReverbNation
  • Brian Lakamp: President of Digital at Clear Channel Media and Entertainment
  • Eric Garland: GM at Live Nation; Founder at BigChampagne
  • Bill Campbell: SVP, Digital Business, Global Digital Business at Universal Music Group
  • Dick Wingate: (Moderator) Principal at DEV Advisors; Digital Entertainment Ventures

You can watch the entire panel by clicking on the video below......

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If you are tasked with understanding what digital leaders must do in order to succeed in almost any industry, the best place to learn more is at the fast-approaching NYC Chief Digital Officer Summitpresented by Capgemini on April 29 2015.

Take advantage of our Super Early Bird Discount  for New York City in April 2015, Amsterdam in July 2015, Toronto in September 2015, London in October 2015, and Sydney in February 2016.  Reserve your place now:

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NYC 2015 Speakers:

Jessica jo

Dr. Didier Bonnet
SVP and Global Practice Leader
Capgemini Consulting

Jessica Federer
Chief Digital Officer
Bayer

Jo Ann Saitta
Chief Digital Officer
The CDM Group

Johanna Murphy b02a4bc429cd7238f2590a5442987374_400x400 332789d

Johanna Murphy
CMO & Digital Director
Ivanka Trump

Sree Sreenivasan
Chief Digital Officer
Metropolitan Museum of Art

Sumita Singh
Senior Vice President
Marketing, Corporate Markets
Elsevier

The CDO Summit is the “must-attend” digital event of the year. The 2013 and 2014 CDO Summits received stellar endorsements from dozens of speakers and attendees alike:

  “Sometimes a conference comes along that hits the trifecta – hot topic, high-caliber attendees, and stellar location. The first Chief Digital Officer Summit reached that mark with ease, and I look forward to attending the next one.”
Eric Hellweg
Managing Director, Digital Strategy/Editorial Director
Harvard Business Review

“The Chief Digital Officer Summit was outstanding. Why? Candid panels with top players in the digital community. Splendid break-time conversations. And, savvy facilitation, Mathison Style.”
Margaret Molloy
Chief Marketing Officer
Velocidi

“David, here’s a handy C^3 test for conference value: Did I learn at least three new perspectives? Check. Did I meet at least three interesting people? Check. Did I take back at least three relevant pieces of news I can use? Check. Flying colors for the Chief Digital Officer Summit 2013! Thank you so much, and yes, I’d be very pleased to participate next year!”
Perry Hewitt
Chief Digital Officer
Harvard University

“Congratulations on an exceptional first CDO Summit. I truly enjoyed all the panel discussions as well as the intimate environment where I was able to meet such amazing people. The conversations were very enlightening and touched on all the challenges my team and I face on a technology, content, and culture front. I look forward to participating next year.”
Laxmi Wordham
Chief Digital Officer
The Michael J. Fox Foundation for Parkinson’s Research

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  • Robert Stack

    Of all the industries that felt the full impact of digital delivery it was the music business the suffered as audio downloads rendered “hard” mediums such as CD’s obsolete. It is fascinating to watch the industry bounce back and realign itself in a way that allows them to take advantage of a digital marketplace and increase their profit margins.

    • Robert Berkman

      Robert–Thanks for the comment. It seems like this transformation has been a long time coming–the music industry took a lot of hits early on in being slow to recognize the changing business model. But it seems to be making up for lost time and now moving full steam ahead to embrace the digital world.

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