The Future of Music – Live Streaming Aerosmith, Bon Jovi and many more

Streaming-Music

Yahoo Music and iHeartRadio music festival are streaming live concerts with Bon Jovi, No Doubt, Lil Wayne, Usher, Green Day, Pink, Brad Paisley, Taylor Swift, Mary J. Blige, Linkin Park, Aerosmith and Pitbull on September 21 & 22.  Is this the future of the music industry?

Many bands are rightfully concerned that their reveniues are dwindling yet there songs are being downloaded at rising rates. So how do they turn lemons into lemonade?  Well the increasing audience size is a good thing and if it is not translating into live ticket sales then consider live streaming. If the source of their music is online then the answer for the source of their live show may be online as well.

A growing fan base of young music lovers is a good thing. Adapting to the habits of these new fans and creating an online relationship with them may be what saves the music industry. People love music but have learned how to diget it in many new ways. Some are free. Try serving it up in new ways as well.  What worked for Louis CK with comedy shows us that entertainment at a reasonable price online is a very good idea and profitable as well. How about five bucks for a concert? It worked for Louis.

Live streaming is a small footprint, low cost solution for the music industry that is just beginning to be explored. Try it you may just like it.