Podcast: Jesse Grushack - Music Industry 2.0
The origin of this interview takes us back to the BlockChannel podcast, hosted by Steven McKie and our own Demetrick Ferguson. The BlockChannel coexists here on The Bitcoin Podcast, where they take-on blockchain technology with a more educational approach, that speaks to the academia crowd. Dee was first introduced to the Oju project during the BlockChannel’s 1st interview, with Ethereum Co-Founder Joseph Lubin. This conversation took place on Ep1, click here to listen. “What can the blockchain do for this industry?” - J.Grushack Oju Music is making bitcoin sexy, and sex sells, so for that....
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Consensus Systems (ConsenSys), the New York City-based blockchain venture production studio, plans to move its Ujo Music rights management and royalty payments platform into closed beta mode during 1Q 2017, according to Jesse Grushack, a ConsenSys Director and Ujo product lead. The Ujo Music “open music” platform is designed to concentrate artists’ identities and businesses within artist-owned websites, where their content is marketed, royalty shares quickly distributed via digital currency — and traditional industry entanglements avoided. Grushack made it clear that he sees Ujo Music as....
The past few days have been very productive for the Sandbox metaverse, music and the NFT industry. Some of the music industry’s top brass are making a beeline for the NFT market and the virtual sphere. Major music labels, including Universal Music Group, Sony Music, Warner Music Group, and Tencent, have all gone virtual. Since […]
According to a recent report from the Financial Times, music streaming is set to overtake CD and vinyl as the largest generator of income for British record labels in 2017. The report states that as more people opt for subscriptions to streaming services such as Spotify and Apple Music, revenues in the sector were pushed to a five-year high last year. Total income generated by the U.K. music industry increased by 5 percent to £925 million ($11.6 million) in 2016, from £881 million ($11.1 million). Yet despite the popularity of the music industry, musicians often find themselves unfairly....
Blockchain technology makes it difficult to cheat. Could music artists benefit from this feature? CoinTelegraph talked to a number of experts to learn how the music industry could adapt to the rules of the digital age. How Blockchain can help the music industry. Gabe Higgins, Founder of CryptoEdge Solutions and Tampa Bay Bitcoineers, says to CoinTelegraph: “Being a musician for almost two decades I've experienced the dramatic decline of the music industry in the digital age. When I discovered Bitcoin and learned about Blockchain technology, it immediately struck me as something which could....
Songcoin. Centralization has long characterized the music industry, making it hard for budding artists to distribute their music to the public. The internet revolutionized the music industry, which helped many independent artists build fan bases without caving to the demands of corporate record labels. Songcoin developer David Prince believes the invention of cryptocurrency offers musicians yet another golden opportunity to disrupt the music industry by rewarding listeners for discovering and investing in quality music. CCN spoke with Prince about Songcoin and the role he wants it to play....