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DMF: The Next Generation of Music Discovery

4 October 2007 No Comment

Following Bob is tough.

[note - I'm totally biased on this one 'cause I'm a MusicIP-er and one of our own was on this panel. But I figured it was worth making some notes and sharing them here anyway.]

He’s not buying music discovery tools - and guess what…? That’s what our panel here today is all about.

Eric Garland of BigChampagne (and one of the best moderators I’ve ever seen) wants to know if there’s space for all of these companies, or none, or just one…

With the amount of music we’ve all accumulated, how do you manage it?

Interesting point by Ali from iLike in that the recommendations are just as important as the packaging. If Amazon is using one engine…it’s going to get used. If they switch to another…it’s going to get used.

But then it comes down to how often that recommendation (still with the Amazon example) leads to a sale…right?

Interesting developments for iLike - the Facebook/Plug-in connection will be tightened in the next couple of weeks.

“What’s more important to you guys - music or business?”

Both Andrew and Tim are musicians - we license our technology, they have an advertising model. At the core, we are all trying to build businesses. None of us have altruistic business models because it wouldn’t be sustainable. BUT, if the scales tip too far to the business side, and the music is forgotten, each and every one of our companies risk failure. Anyone who’s doing this for the money isn’t going to have the right focus on improving and refining the product and therefore will have compromised their solution - and will miss the boat while others in this space keep making waves.

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