The music industry we have now was not the same music industry we had in years past, we have and we will continue to be witnessing all manner of changes and developments.
HERE ARE SOME OF THE 5 MAJOR CHANGES WE SHOULD EXPECT;
Physical Sales Of CDs Will Be Dead:
Currently, physical C.D sales is already dropping at an alarming rate. Within the next 5 – 10 years, it will be totally dead and online streaming would have taken over. As a serious musician, it is best you begin getting used to streaming platforms and also platforms for digital sales. If there is anything 2020 has taught us, it will be that the future is “digital.”
Normal Business Companies Will Sign Artists:
As the days go by, the marketing sector becomes fiercer so it won’t be a surprise if companies officially sign music artists in other to up their marketing game. Coke has already began to take the lead with things like Coke Studio.
Online And VR Concerts Will Be The New Thing:
As the world becomes more technology driven, online and virtual reality concerts will be the next big thing. Everything is now happening on Facebook live. You may think that after Covid 19 it will all go away, It never will. A trend once started is difficult to stop.
Record Labels Will Be A Thing Of The Past:
More and more music artists are waking up to the realization that a record label is not really needed to succeed and come 10 – 15 years from now, the place of record labels would have greatly depreciated. Most artists are already leaving their labels because they are getting awakened to the undisputable fact that you DON’T need a label. What you should do as an artist is undertake trainings to not just understand the creative side of music but the business side.
New Genres Will Emerge:
The kids of today are also the artists of tomorrow, which will no doubt result in the forming and establishing of new musical genres.