Will the concert-streaming business take off?

Source: http://nova989.com.ar/mira-el-aftermovie-oficial-de-coachella-2014/

The music industry has had sparks of stepping into the concert streaming business few times, but we are still waiting for the take off. According to the billboard article written by Steve Knopper, high production costs are one of the first reasons why only few concerts have been streamed so far. These production costs include union fees and super size bandwidth, among others. Also, promoters are not too excited about this idea because it may hurt ticket sales.

Internet radio companies are at risk?

The music industry has been involved in a financial roller coaster since 1998. At that time, music companies spent large amounts of money in building music artist careers, expecting substantial revenues out of recorded music sales. In 1998, recorded music sales were around $38.6 billion. In 2008, they dropped down to $18.4 billion, and in 2010, they went down drastically to $15.49 billion.

The arrival of digital music and its revenues helped the music industry debacle, with a third of the recorded product sales but it hasn’t been enough. The rise of music companies such as Pandora and Spotify have opened a new window for the music business. Nonetheless, specialists are not too excited about the projected future.

The Latin Academy of Recording Arts & Sciences

 My fourth month at Full Sail is almost over, and I am having such an amazing time here. One of the assignments for this month was to write a blog post about an industry association related to our area of interest.  I didn’t even hesitate in choosing The LatinAcademy of Recording Arts & Sciences. This important association has done so many things for the Latin community, and they are responsible for showing the world the talent of Latin music professionals.

Julio Bagué, an executive that always "closes the door"

 As an active Grammy U member, I received an invitation to an event called “Grammy Future Now.”  Many personalities of the music industry would be present and I didn’t want to miss the chance. The event was going to be held on Friday and I drove from Orlando to Miami the day before. Hopefully, I was able to arrange an interview meeting that same Thursday with the Executive Director of Peermusic Miami and Puerto Rico, Julio Bagué.