Learnings from the Entertainment industry disruption

The music industry, we probably all saw it got disrupted like none others and is a good case study for other industries to learn from.

Do you remember these days when you would by cds to the days of Napster and youtube? Well things have gone way better on the consumer side (music consumption has never been that high – says Kendall) but the industry is still figuring out how to monetize all the good work artist do). If you love music or simply are interested in learning the story of an industry that got totally disrupted you should watch this video. Don’t forget, if it happened to them, it may happened to you so there is a lot of learnings you can get to avoid the trap of being disrupted.

Kendall Minter’s expert view on the music disruption..

In this interview conducted in late 2015 with friend Kendall Minter, a successful, experienced celebrity lawyer, board member of soundexchange and author of book “Understanding and negotiating 360 deals”  we cover the 10-15 years timeline of events that led to the disruption of an entire industry that is still today trying to stabilize itself and understand what are the new business model to win.

The story of a downfall and reinvention…

The music industry “downfall” story is very interesting because it shows how fragile any industry is and how people reacted to the disruption or didn’t see it coming (or accept it was happening).

Long gone are the days when artists main revenue streams came from music sales “forcing” artists to find new ways of making a living from their art: From deal making with tech start-ups, more concerts & festivals (of course, and to consumers’ pleasure), TV appearances, advertisements, diversification etc.

In addition, those that make it through the disruption are often the most entrepreneurial ones that are able to quickly find solutions / opportunities out of the chaos and changed “rules”: It’s the entrepreneurship era! Think about the Beats by Dre success story (Beats was sold for Billions to Apple) or unknowns that became superstars from their bedrooms!

It’s a new era, like Darwin said once: “It’s not the most intelligent species, nor the strongest that survives but those that adapt best to change that do” – Darwin

Our support to artists!

We love music! We all need music & artists don’t we?

You will often hear us say: ” Music and entrepreneurship are the only 2 things that makes the world move /shake”. As a matter of fact artists are innovators, creative entrepreneurs in many cases!

At startupsinnovation we believe that huge opportunities exists between artists and startups, businesses and corporations.

(Contact us for a FREE educational training on startups opportunities available for Artists / music industry managing teams)

Watch the interview below with Kendall Minter! (Note it was recorded as part of a prior projects of ours hence the banner that is not the startupsinnovation one)

More

If you like this, you may also like our event with Jay Samit (One of the world leading expert on disruption and innovation) – here

Also visit Kendall Minters’ blog (askmusiclawyers) here

Jay Samit: What is the era of endless Innovation – Why you should care!

1a46c2fd-8c4b-4a79-b5b7-8f10bf85b1de“Great ideas, attract great minds” – Jay Samit

Jay Samit, one of the world’s leading expert on innovation and disruption and author of best selling book (Disrupt You – Master Personal Transformation, Seize Opportunity, and Thrive in the Era of Endless Innovation) talks for startupsinnovation.com (Fast Lane Innovation webinars series) about the opportunities and challenges that people, companys, countries are and will be facing now and in the future. How many industries are being and will be disrupted, which ones and how this impacts all of us and requires us to change the way we think and do things: In our lives, for our careers and for our sustained or increased success in general.

Note: This video is for educational purposes only – Do not use what is discussed herein to make investment decisions without seeking the advice of a Financial & investment advisor.

Enjoy this information!

Get the book here!

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Disrupt You!: Master Personal Transformation, Seize Opportunity, and Thrive in the Era of Endless Innovation

Disrupt you! authored by Jay Samit offers empowering advice for anyone looking to break through; for anyone with a big idea but with no idea how to apply it. This engaging, perspective-shifting book demystifies the mechanics of disruption for individuals and businesses alike. It incorporates stories from his own experience and anecdotes from other innovators and disruptive businesses-including Richard Branson, Steve Jobs, Elon Musk, YouTube, Cirque du Soleil, Odor Eaters, Iams, Silly Putty, and many more. Samit shows how personal transformation can reap entrepreneurial, professional & economical rewards.

 

 

Partners for this event (Thanks for the help on the promo):

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Topics we covered during this presentation / talk:

  • About Jay Samit, how he worked with Bill Gates, Bill Clinton, Reid Hoffman
  • What is disruption
  • Disruptor vs. Disrupted
  • Impact of disruptive Tech
  • Collaborative economy
  • Acceleration of Innovation
  • Future for 9-5 Employees / Careers
  • Corporations vs Startups
  • Equity crowdfunding
  • Knowledge economy
  • Value chain innovation
  • Overcoming waste in “R&D”
  • Networking, mentorship
  • Implementation
  • Jay’s Vision for the future

Industries / technologies we touched on:

  • Transportation
  • Hyperloop
  • 3D Printing
  • Entertainment
  • Virtual / Hyper / augmented Reality
  • Energy
  • Big Data
  • Medical
  • Consulting
  • Finance
  • Banking
  • And more…

Enjoy, comment, share and partner with us on our next events. Better, bring one of these events in your organization, group or community!

Quotes from the webinar:

““You suddenly realise big ideas attract big minds. The first thing is to figure out how you can solve problems for others and that will attract success” Jay Samit

“The best time to start your business/launch your idea was last year, the second best time is now” Jay Samit

Follow Jay Samit:

Web: Jaysamit.com

Twitter: @Jaysamit