Tuesday 2 June 2009

How to make money out of music

What’s making money in the music business these days? There are (at least) two events in June that look into this issue:

Tomorrow, Music Week’s one-day conference “Making Online Music Pay” will take place, exploring how the music business can “truly monetise the digital space”. Attendees will learn about how to monetise unprofitable existing digital channels and about music businesses that have successfully discovered new ways of generating money online, maximising profitability.

On 17 June, Own-it will be organising an event to explore ways of how musicians and bands can turn their popularity into real cash. With traditional record sales on the decline, this event will look into alternative ways of how to generate income out of music, including through online sites such as MySpace and YouTube, or selling merchandise to fans.

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