the future of music

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THE FUTURE OF MUSIC FOR URBAN MILLENIALS By: Curry Aycock & Ashley Deshields Analyzing Trends Fall 2012 Curry Aycock & Ashley Deshields

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By identifying the forces at play in the world of music and the behaviors that are driving those forces, one can identify particular patterns that support current trends. By looking forward to what the future of music may encompass, this presentation aims to provide Carhartt, with valuable insight that will help the brand as a whole, cater to the future of urban millenials.

TRANSCRIPT

Page 1: The Future Of Music

THE FUTURE OF MUSICFOR URBAN MILLENIALS

B y : C u r r y A y c o c k & A s h l e y D e s h i e l d s

Analyzing Trends Fall 2012 Curry Aycock & Ashley Deshields

Page 2: The Future Of Music

Through sharing and social media urban millenials can control what band or genre is going to be popular because of technology.

H Y P O T H E S I SAnalyzing Trends Fall 2012 Curry Aycock & Ashley Deshields

Page 3: The Future Of Music

ForceMUSIC IS EVERYWHERE1

#

Analyzing Trends Fall 2012 Curry Aycock & Ashley Deshields

Page 4: The Future Of Music

the experience of discovering what you didn’t know you were looking for..

“Looking for something and being surprised by what you find - even if it’s not what you set out looking for - is one of life’s great pleasures”

Serendipitous Discoveries

ADVENTURE

ADVENTURE

UNEXPECTED SUPRISETHRILL

EXPERIMENTAL

CHANCE

OPEN MINDED

Analyzing Trends Fall 2012 Curry Aycock & Ashley Deshields

Page 5: The Future Of Music

Live Music

From 2000-2012, concert ticket sales in the US tripled from $1.5 billion to $4.6 billion, vastly exceeding the growth of inflation and population growth.

Edward connects to his audience, a defining moment.

Edward Sharpe & The Magnetic Zeros

shocked fans by putting on a vivacious

performance before making it “big”

Analyzing Trends Fall 2012 Curry Aycock & Ashley Deshields

Page 6: The Future Of Music

serendipityCODE

There is a thrill in discovering the unknown.

Those moments where discovering a sound comes from a completley unexpected source.

These moments are what spark our attention

Analyzing Trends Fall 2012 Curry Aycock & Ashley Deshields

Page 7: The Future Of Music

Force2DEPENDENCE ONMOBILE TECHNOLOGY

#

37% of adults and 60% of teens admit to being addicted to smartphones.

Proof that we are constantly on some device even when we are together.

Page 8: The Future Of Music

Meaningful Experiences

But what is considered real today?

Mobile technology as a tool to get to a real life experience.

Analyzing Trends Fall 2012 Curry Aycock & Ashley Deshields

Page 9: The Future Of Music

Mobile Music Apps

perfect for the “obsessive show-goer”

“Oh My Rockness”

This year, it is said that musicians have planned to increase their overall mobile marketing spending by 40%

ACCESSIBILITY

INSTANT UPDATEOBSCURE

FEATURES

NEARBY

UP AND COMING

RELIABLE

MOBILE

Crowd=concert junkiesAnalyzing Trends Fall 2012 Curry Aycock & Ashley Deshields

Page 10: The Future Of Music

physicalityCODE:

We are using technology to help us get to a physical musical experience.

We are always connected and now, we are connecting in order to get to these experiences.

Experiencing music in action, before your eyes.

Analyzing Trends Fall 2012 Curry Aycock & Ashley Deshields

Page 11: The Future Of Music

Force#3 NO PRIVACY

Privacy has lost its meaning.

Analyzing Trends Fall 2012 Curry Aycock & Ashley Deshields

Page 12: The Future Of Music

It’s all about virtually curating your personal tastes, which forces you to be highly selective.

deciding what music to listen to lets the world know who you are.

Personal Cultivation

Our music taste(s) are being exposed because we live in a transparent world. People are carefully defining

what their musical taste(s) are.

We are all living in a transparent glass box.

Analyzing Trends Fall 2012 Curry Aycock & Ashley Deshields

Page 13: The Future Of Music

Digital Music Services

43% report owning fewer than 500 songs. This aligns with the revelation that consumers are spending less on music.

Virtually showcasing your personal tastes.

Tomahawk

CHANNELS

CREATE

CONSUME

PUBLIC

ADD/REMOVE

SHARE

STREAMMANAGE

FULFILL

NETWORK a musical player that uses a combination of sources to fulfill your musical taste prefrences while also allowing you to access what

your network is listening to.

Page 14: The Future Of Music

curationCODE:

We are constantly collecting our own tastes and prefrences and cultivating a curated story about ourselves through our musical collections.

The neverending task of sorting ....

Analyzing Trends Fall 2012 Curry Aycock & Ashley Deshields

Page 15: The Future Of Music

Force4 OPINIONS DRIVE CHOICES

#

Opinions determine our destinations

Analyzing Trends Fall 2012 Curry Aycock & Ashley Deshields

Page 16: The Future Of Music

Expressing Opinion

Reviews and ratings drive conversation, boost confidence, clarify uncertainty, and drive success.

Rating and promoting new music

71% of millenials continue to share opinions because they feel other

consumers value those opinions.

“Like” “Unlike” Option

Analyzing Trends Fall 2012 Curry Aycock & Ashley Deshields

Page 17: The Future Of Music

Pitchfork.com

Urban Media OutletsCriticism, commentary, news, and interviews.

BEST NEW MUSIC

NETWORK

OPINIONS

STAFF LISTS

REVIEWS

COMMENTS

RISINGTRENDING

LATESTAn internet publication devoted to crisism, commentary, reviews,

and various other features focused on independent music.

Analyzing Trends Fall 2012 Curry Aycock & Ashley Deshields

Page 18: The Future Of Music

validityCODE:

That”empowered feeling” of validation

Analyzing Trends Fall 2012 Curry Aycock & Ashley Deshields

Page 19: The Future Of Music

C U L T U R E

It’s about the sound and the experience of listening.Bringing back the “realness” of music by playing low key shows with minimal promotion, hype, and effort.

Band: Animal Collective

Bowery Electric: low key popular venueAn engaged crowd that is focused on the moment

Page 20: The Future Of Music

C U L T U R E

Under the radar music loving culture.Relationships are rebonding our connections to music.

Music Festivals are bringing us all together

Analyzing Trends Fall 2012 Curry Aycock & Ashley Deshields

Page 21: The Future Of Music

TrendI N S I G H T S

validityCODE: People want to be confident in what they are getting themselves into.

People want to be apart of the music they are listening to.

People want to know where to go and see where everyone is going to get a real experience.

People want to discover and feel discoverable.

curationCODE:

physicalityCODE:

serendipityCODE

We need to listen to these insights

Analyzing Trends Fall 2012 Curry Aycock & Ashley Deshields

Page 22: The Future Of Music

TrendOPPORTUNITIES

Self documentation of personal music experiences with options to share.

Capturing what is happening now.

Analyzing Trends Fall 2012 Curry Aycock & Ashley Deshields

Page 23: The Future Of Music

CARHARTTWORK IN PROGRESS

A glimpse of the Carhartt WIP brand

Analyzing Trends Fall 2012 Curry Aycock & Ashley Deshields

Page 24: The Future Of Music

Reintroduced and reinterpreted workwear cuts to fit urban environments.-American Made-Functional Clothing-Urban Culture

Carhartt WIP shares the same values as Carhartt, but caters to urbanites.

BusinessA C T I V I T Y

GrowthO P P O R T U N I T Y

Inside a Carhartt WIP retail store Analyzing Trends Fall 2012 Curry Aycock & Ashley Deshields

Page 25: The Future Of Music

TrendA C T I O N S

-Leverage brand recognition to strengthen Carhartt WIP’s positioning.

-Clarify and reinroduce the distict difference between Carhartt and Carhartt WIP

-Incorporate local and cultural behaviors into the brand-Connect to the people who want to connect with them

Analyzing Trends Fall 2012 Curry Aycock & Ashley Deshields

Page 26: The Future Of Music

validityCODE:Provide evidence of why Carhartt WIP is the brand to wear

due to it’s authentic aesthetics and core values.

Offer a way for customers to differien-tiate themselves from other Carhartt

WIP customers.

Customers want to engage with each other. Where are these people hanging out? What

physical space brings them together?

Make Carhartt WIP discoverable by those who haven’t discovered them already.

curationCODE:

physicalityCODE:

CODE: serendipity

TrendA C T I O N S

Analyzing Trends Fall 2012 Curry Aycock & Ashley Deshields

Page 27: The Future Of Music

THE FUTURE OF MUSICFOR URBAN MILLENIALS

is through sharing and social media. We can control what band or genre is going to be

next..

Analyzing Trends Fall 2012 Curry Aycock & Ashley Deshields