11:50 - 12:30

What can music learn from other entertainment sectors adapting to digital?

Moderator: Mark Mulligan : Midia Research

Ritch Sibthorp: Ex Managing Director, Disney Music Group EMEANikolina Zidar: CEO at Unicorn Pirates StudioVidel Bar-kar: Bookwire (formerly of Penguin Random House Audio)

Disney are launching a streaming service. Unicorn Pirate studios develop niche games for the gaming industry, books are consumed digitally and aurally. How has this impacted factors like distribution and royalties? What have you learned from what the music industry got wrong and right?

It was claimed by a Western-themed video game called Red Dead Redemption II – the second in a series dubbed ‘Grand Theft Auto on horseback’ – which generated over $725m in just three days.

The wording above (‘highest-grossing weekend debut’) has been carefully chosen. Because the highest-grossing entertainment launch of all time actually kicked off on a Tuesday, in September 2013. That launch was Grand Theft Auto V, another video game, which grossed more than $1bn during its opening 72 hours on sale.

Both Red Dead Redemption and Grand Theft Auto are made by Rockstar Games – a New York-HQ’d interactive entertainment company famed for its ability to bring filmic sophistication to the world of PlayStations and Xboxes, and for its ability to generate billions upon billions of dollars by doing so.

Ready for this?
The Grand Theft Auto franchise, and the core team behind Rockstar’s success, were, unbelievably, both once part of the music business. They were allowed to leave 20 years ago
Disney are launching a streaming service. Unicorn Pirate studios develop niche games for the gaming industry, books are consumed digitally and aurally. How has this impacted factors like distribution and royalties? What have you learned from what the music industry got wrong and right?

 

Quick Info

  • September 12, 2019
  • 11:50 - 12:30
  • Stream One - Sala Maquinas, Estrella Damm

Speakers

PRESS RELEASE

New York/Barcelona, October 14, 2021. The Future Music Forum: Barcelona has merged with Music Industry City. The two firms will pool their resources to form Nybac Media Inc., which will supervise digital broadcasting, live events, and digital communities for its Music Industry City division.

Founded by music industry veterans, Peter Schwinge, former Partner and General Manager of New Music Seminar, and Founder of Moving Target Group, Mike McCready, Co-founder and CEO of Music Xray, and Niall Doorley, founder of Future Music Forum: Barcelona, Nybac Media provides an international platform that includes a broadcast network with the flagship, Music Industry News at Noon; audio drop-in talk shows and podcasts; year-round digital events; community building on the Music Industry City (MIC) website; and live events including the Future Music Forum: Barcelona.

According to Peter Schwinge, CEO and President, “This merger is a great opportunity for both companies as it will allow them to work together on projects more efficiently while expanding their reach to other areas globally where they would not have had access before. We are able to provide more opportunities for our users and partners and provide them with an opportunity to reach new audiences through the network.”

Nybac Media will rely on their deep industry connections to provide musicians access to industry experts through the MIC platform; equip the next generation of the music industry with tools, education, and networks; foster high-level discussions to affect positive change; and increase partners' access and visibility to the industry. 

“I'm delighted to announce our new partnership. I've spent the last 12 years building the Future Music Forum into what it is today, and perhaps the last 5-6 years actively seeking the ideal partner. It's ironic that it emerged at a time when the events business was perhaps in its most fragile state in living memory. I'm excited to see what we can do to help so many people advance in their careers as the industry begins to bounce back.” said Niall Doorley, Vice President and Head of Global Events.

The Music Industry City website has features for artists and people in the industry to interact in real time through communities and forums, live events, and a metaverse. The site also provides educational resources, online courses, and talks from industry leaders; health and wellness topics specifically tailored to the music industry; a personal and professional development section; a music discovery zone; and a local media outlet showcasing members and partners.

Nybac Media has offices in New York and Barcelona. The next, in-person Future Music Forum conference is set to take place in Barcelona on September 20-22, 2022.