Earlier tonight this year’s New Music Seminar kicked off at Webster Hall NYC. The New Music Seminar is a yearly conference which brings together a bevy of music executives and artists for a discussion of our rapidly changing industry.
Tommy Boy founder Tom Silverman got things started with a keynote address that touched upon a seismic shift in the fan/artist relationship. Silverman’s main point was that in the new music business artists, rather than labels, will be managing relationships with fans. One of Silverman’s statements that stuck with me was “You(artists) will be judged not by sales but by fans, amount and engagement.” As recorded music sales continue to dry up success as an artist will be increasingly measured by the engagement and devotion of fans rather than record sales.
More information on The New Music Seminar here.