Experts panel: how can the music industry diversify its income streams?
Posted on: 2 novembre 2020, by : Joe Sparrow

Music Ally’s Global Experts panel is an international group of industry leaders, and each month we put a single, vital question to them about the state of the music industry, and what we should be doing to change it.
We hope that these Experts panels can help zero-in on the really meaningful issues, and describe the actions that make a real impact.
In our debut Experts panel, we asked our experts what the music business needed to do to thrive, post-Covid, and one recurring idea was the diversification of income streams. It’s a complex topic, with many different routes available – so our second question to the panel asked, ‘OK, but how?’.
“In your music industry sector – what is the most effective tool, idea, or approach to take in the next 12 months in order to best diversify your income streams?”
Our Experts didn’t disappoint, giving advice, sharing examples and explaining their rationale. Importantly, their message is not to panic – but to acknowledge that right now is the time for decisive action. Here are their answers, grouped into lessons.
The post Experts panel: how can the music industry diversify its income streams? appeared first on Music Ally.
Source: Music ally

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