Download - Music makes money - AME Presentation
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Music Makes Money
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Middlemen? – or More?
Entrepreneurs are people who essentially take risks, with the hope of a fair financial return on investment and because they enjoy what they are doingSuccessful entrepreneurship requires a good product, capability to take risks, along with good business decision making in order to create a viable enterprise.
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We Were Born…
• Out of discussions prior to and post MIDEM 2009.
• The Barbados MIDEM Delegation felt the need for a more formal framework to help the music industry in Barbados.
• Invest Barbados pitched in and the members worked on building a legacy from the country’s participation at MIDEM
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Our Name Says it All
• Building entrepreneurship in the music sector by stimulating a culture of entrepreneurship
• Our passion: music exports
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Thanks for initial work
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Key Reps
George ThomasHit Island Records Chair
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Key Reps
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Key Reps
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We’ve been busy . . .
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We’ve been busy . . .
Three of our members played roles in the formation of the Caribbean Music Industry Networking Organisation (CaMINO)
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We’ve been busy . . .
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We’ve been busy . . .
http://www.facebook.com
amebarbados
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At Our Core
• Imagination• Integrity• Perseverance• Global Thinking• Collaborative Spirit
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Our Goals1st Year• Revenue potential, product
development and employment opportunities.
• Developing international networks: participation in major global trade shows e.g. MIDEM, SXSW
• “From Bout Hey” rule -legislation for 60% airplay of local content on general format stations
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Our Goals2nd Year• Aggressively build new
international markets for music products.
• Ground marketing campaigns in selected international markets (e.g. Asia, South Africa etc) through trade missions, business relationships with publishers, distributors and publicists
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Our Goals3rd Year
• Institutionalize the culture of music as a business through programs within the primary, secondary and tertiary school system in Barbados.
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We Plan to:
• Adopt the highest industry standards in music related products and services
• Gain recognition of the music industry as an integral sector that contributes to national economic growth
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We Plan to:
• Access funding and investment for the promotion of a Barbados music industry
• Be recognised by the Government of Barbados as a critical voice and policy shaper of the music industry
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We Plan to:
• Create an awareness of music industry trends in our membership
• Encourage and develop networking and collaboration among local, regional and international industry professionals
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We Plan to:
• Develop the necessary infrastructure that will encourage the export of products and services of the Barbados creative music sector.
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Music CAN Make Money
We have to change from being “in the music business”to being
“in the business of music”
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Music Makes MoneyAME
Association of Music Entrepreneurs
Produced by Linda WalrondMay 2010Music: Firefly by KiteRecording by Hit Island Records
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