L-R: Shannon Sanders, Nashville P&E Wing committee co-chair; panelist Joe D’Ambrosio, talent management company head; Julian King, Nashville P&E Wing committee co-chair; panelist and attorney Elizabeth Gregory; panelist Jay Frank, entrepreneur and author and Owner/CEO of DigSin; moderator Dan Daley; and Jeff Balding, president of The Recording Academy's Nashville Chapter Board of Governors.
Santa Monica, CA (December 30, 2014)—The Producers & Engineers Wing of The Recording Academy, in conjunction with The Recording Academy Nashville Chapter, hosted "Lost In Transaction," a panel discussion on the increasingly complex and intricate landscape that the music industry, in early December.
The event was held in the evening at Ocean Way Studios in the heart of Nashville's Music Row district. An audience of nearly 100 Recording Academy members and others gathered in the facility's Studio A—once the soaring sanctuary of a church—to hear a trio of panelists uniquely qualified to parse the complicated business environment that the music industry has become. The panel, moderated by journalist and author Dan Daley, included music business attorney Elizabeth Gregory, entrepreneur and author Jay Frank, owner and CEO of DigSin, and
Joe D'Ambrosio, who heads talent management company Joe D'Ambrosio Management, Inc.
Daley opened the event, briefly but comprehensively recounting the immense transition that producers' business models have undergone, from simply a portion of an artist's retail points when CDs were king, to a growing variety of diverse sources, including downloads, streaming and publishing, each with its own potential upsides and disadvantages.
"They don't all add up to what they used to," said D'Ambrosio. The conversation went on to cover the decline of download sales and the rise of streaming, the pros and cons of producer-owned studios, the benefits and drawbacks of taking more guaranteed compensation upfront versus counting on more royalty participation on the back end, how stems and music-minus tracks have taken on new importance (and potential for abuse), and the enhanced role that data plays in music production and marketing today.
A spirited Q&A with the audience took place after the panel discussion, and questions ranged from how companies like Spotify and Pandora are changing the fabric of the music business to how much Nashville's music industry has changed as a result of all of these forces.
The Producers & Engineers Wing