All artists are entrepreneurs. All entrepreneurs are artists. At Berklee, we believe the two are synonymous, and as a result we recently launched our Institute for Creative Entrepreneurship (ICE), which provides resources to help musicians and others in the music industry succeed as entrepreneurs.
In an effort to help ICE externally foster such entrepreneurship, Rethink Music will host our second annual Berlin Venture Day, at the Factory in Mitte, Berlin on Friday, October 24th, 2014. The day will feature talks from leading entrepreneurs, investors, artists, and executives, and will offer up to 12 startups the opportunity to showcase their companies.
We’re also partnering with our friends over at Music Tech Fest on several upcoming events. They will host Music Tech Fest Berlin, which will exhibit new technologies for creating music, just after our event, also at the Factory, on October 25 and 26.
Companies may submit their proposals for Rethink Music Venture Day via our Gust site until September 29, 2014.
Registration to attend is free and you may sign up HERE.
We look forward to seeing you in Berlin!
Win a full pass to the Sonar music festival and an invite to our special Rethink Music innovation summit at Sonar+D in Barcelona on June 12. Tell us at email@example.com what you think is the future of the music industry in 150 words or less. One winner will be announced on Wednesday, June 4.
Rethink Music is pleased to announce events this year at Sonar+D in Barcelona on June 12, in Berlin on October 24, and Paris on November 21.
You can find more information here on Sonar+D:
and we’ll soon have full details about Berlin and Paris!
Copyright generates more than $1 trillion annually in revenue in the United States alone, and intellectual property activity contributes nearly 20% of America’s GDP. Worldwide, copyright and creative works account for tens of trillions of dollars annually in economic activity, but in a in a world without borders for content, it’s still amazing that copyright law remains a regional regime and very few are calling for global reform, or a substantive update to the Berne Convention (the most widely adopted international treaty for copyright protection.) Today, local country laws still largely define the licensing and royalty collection processes for music and film, leaving distributors to spend large sums of money trying to legally offer their services.
With such an antiquated system, cross-border collection of royalties remains unduly complicated (fortunately, tracking payments has become easier (theoretically) in a digital world of big data and micro-payments from a streaming world.) However, licensing has not become any easier, as those wishing to use music in different territories must still adapt to local laws. This leads to the familiar “Netflix/Pandora/etc is not available in your country” error message when outside the United States, leaving opportunities on the table in places like France, where demand for Netflix is high and no alternatives to illegal downloading exist for those who want to watch American TV shows like Game of Thrones or House of Cards.
Change won’t be easy. Embedded cultures and favoritism for local artists will lead many countries to stall or refuse real reform if their traditional protections and ideas for copyright are not included in any new legal reforms. The EU’s recently announced Pan-European licensing directive is a step in the right direction for music licensing in Europe, but its passage and implementation have been fraught with challenges.
It’s time for us to think strategically and push lawmakers to adopt full global copyright reform. In the interim, multi-territory regional agreements, as well as technology, can drive new business models for collection of royalty payments and increased revenues for artists, companies, and the industry as a whole.
Rethink Music has announced a series of events for 2014, including Venture Days in Los Angeles and repeat of our annual Venture Day in Berlin. We’ll also be hosting Innovation Summits and Public Policy workshops in Europe and America later in the year.
More information to come soon!