Music Biz 2018 Day 1 Recap: Financial Literacy Summit, Podcasting Summit, Law Conference & More

Music Biz 2018, the music industry’s premier event hosted by the Music Business Association, kicked off the Association’s 60th year in style today in Nashville at the Omni Nashville Hotel. The venue’s Legends Foyer was packed all day with representatives from all corners of the industry taking in new programming such as the Podcasting: Licensing and Monetizing This New Success sessions and Music & Money: Financial Literacy Summit as well as the second annual Digital Service Workshops, the Entertainment & Technology Law Conference, and much more.

From left: Stacie Griffin of Lockn’ Music Festival leads a conversation with Savannah Faircloth of Elvis Presley Enterprises, Sheena Barnett of Elvis Presley Enterprises, and Chris Shiflett of Foo Fighters and the Walking the Floor podcast during the Podcasting: Licensing and Monetizing This New Success program on May 14.

Chris Shiflett, guitarist for Foo Fighters and host of the Walking the Floor podcast, headlined the “View from the Top — Successful Podcasters Tell Their Stories” segment of the first-ever Podcasting: Licensing and Monetizing This New Success program along with Sheena Barnett and Savannah Faircloth of Elvis Presley Enterprises and hosts of the Starring Elvis Presley podcast. Co-organized by Tom Truitt of WHO KNEW and Jim Griffin of Hazen LLC/OneHouse alongside Music Biz, the event kicked off with a keynote presentation from Tom Webster of Edison Research, who reviewed the history, present, and future of podcasting; discussed the shift from download-and-manage to clicking and streaming; and explained how podcasters can make money through licensing and promoting music.

Hip-Hop artist YelaWolf speaks with Tim Gray, Host of The Golden Rules podcast, at the Music & Money: Financial Literacy Summit powered by Lyric Financial Music on May 14.

Hip-Hop artist YelaWolf got the Music & Money: Financial Literacy Summit powered by Lyric Financial Music off to a great start, sitting for an interview with Tim Gray, Host of The Golden Rules podcast. Another first-time event, the Summit featured an informative discussion on how those in the music business can achieve financial success, the legal and financial issues that artist-owned companies must consider to make sure they maximize and keep the profits from their hard work, and how to forecast potential ROI before investing in launching a new artist or project. Topics included artists as business owners, new business models, a team approach to the new music economy, making money as a musician, and banking in Nashville.

Philip Eubanks of Spotify speaks at the Spotify Digital Service Workshop on May 14.

For the second year in a row, Music Biz gathered major digital services Amazon Music, Apple Music, Pandora, SoundCloud, Spotify, and YouTube for a series of informative Digital Service Workshops. Attendees learned how to leverage the tools and products that these companies offer to maximize value for artists, labels, managers, creators, and the industry at large.

From left: Moderator John Beiter of Leavens, Strand & Glover, LLC; Jacqueline Charlesworth of Covington & Burling, LLP; Rick Carnes of the Songwriters Guild of America; and Ted Goldthorpe of Sony/ATV Music Publishing discuss the Music Modernization Act at the Entertainment & Technology Law Conference on May 14.

The Music Modernization Act, recently introduced in the U.S. Senate after unanimously passing in the House of Representatives, was the main focus of this year’s Entertainment & Technology Law Conference, where Rick Carnes of the Songwriters Guild of America, Jacqueline Charlesworth of Covington & Burling LLP, and Ted Goldthorpe of Sony/ATV Music Publishing debated the issue with moderator John Beiter of Leavens, Strand & Glover LLC. Sponsored by Dickinson Wright and Leavens, Strand & Glover, the event also featured an in-depth discussion of modern artist development, collective management of rights, and trademark protection for bands.

Seth England of Big Loud sits for a Keynote Interview with Laurie Jakobsen of Jaybird Communications to kick of the Career Development Workshops on May 14.

This year’s Career Development Workshops provided music business students and young professionals with valuable guidance on breaking into the industry. It was headlined by a Keynote Interview (conducted by Jaybird’s own Laurie Jakobsen) with Seth England of Big Loud, which has signed major artists Florida Georgia Line and Chris Lane, and ended with a live broadcast of William Paterson University’s Music Biz 101 & More podcast.

Beyond the conference panels the first day also included networking events with JAXSTA & VEVA at Bar Sovereign as well as a diverse showcase of artist from UMG at The Stage that included Maddie & Tate, nobigdyl., The New Respects and Travis Denning.

For more information on the Music Business Conference:

Facebook – Music Business Association

Twitter – @MusicBizAssoc

Instagram – @musicbizassoc

Hashtag – #MusicBiz2018

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