Time for the final panel session of MidemNet, the panel of visionaries, which includes Ted Cohen, Harvey Goldsmith, Bruce Houghton, Terry McBride and Ralph Simon, moderated by Music Ally's own Steve Mayall. Let's go!In five years time, Rob Wells of UMG thinks the recorded music business is going to be bigger than it ever has been before. Is that “a load of crap?” Bruce Houghton says he doesn't know, but that if music becomes like water and is everywhere, “we'll consume more of it”.So, what's inspired the panel this MidemNet – what hot new companies have they seen who they think could change the business? Cohen says the presentation by Mike Masnick about Trent Reznor. “It shows the possibilities – if you let go and let your fans be part of your life, he's shown the way that you can have this really deep engagement and have loyalty, and you can earn revenue from it.”He's really keen on that direct contact, citing the Beastie Boys film where fans could upload camera phone footage as another example.Now to Terry McBride. It'snot the models or the devices, it's the opportunity. “The outside developers are going to shape this industry like it's never [...]
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