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Diversifying Revenue Sources: The Future of Music Technology

Summary

In recent years, the music industry has witnessed a surge in investments towards technological advancements. Angel investors, offering tens of thousands of dollars to startups, as well as major players in venture capital investing hundreds of millions, are backing the […]

Diversifying Revenue Sources: The Future of Music Technology

In recent years, the music industry has witnessed a surge in investments towards technological advancements. Angel investors, offering tens of thousands of dollars to startups, as well as major players in venture capital investing hundreds of millions, are backing the brightest minds in the industry, using their expertise to reinvest in the tools of its future. While the investors described here are just a sample of those focusing on new music technology at the moment, some prefer to keep their ventures private, while many music executives have shifted their investments to other areas beyond music technology. Others express interest in music technology but are not actively investing. However, with generative artificial intelligence, virtual reality, and advancements in live concert technology on the horizon, thought leaders highlighted here see the music industry at a “breaking point” and believe that a new generation of companies can fundamentally change the way the music business operates.

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