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The music business is only 23 billion dollars at retail and shrinking. Such was the startling starting point of this midem day one panel. Hosted by the New Music Seminar, it explored ways to create new revenue streams via new technologies and social media, i.e. beyond recorded music.

Tom Silverman, the New Music Seminar’s executive director and CEO of Tommy Boy (left), sat down with (left to right) Daren Tsui (CEO, Samsung Mspot), Ken Parks (chief content officer & managing director, Spotify), Patrick Walker (senior director EMEA, YouTube) & Mark Piibe, EVP of global business development & digital strategy at Sony Music.

 

Here are the key quotes, as tweeted from the session…

 

 

 

 

 


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