Dave Dederer of The Presidents of the United States of America spoke about business models in music and the online music business. Here are a few bullet points.
- Artists themselves are able to capitalize on the long tail, if they retain ownership
- Eventful is innovating
- Small independent record shops (such as Easy Street and Sonic Boom here in Seattle) can survive when they provide an editorial function (ie are a good source of music recommendation and facilitate music discovery)
- Online music is at 1% of its potential, and makes up half of the President’s revenue.
- Everyone is a store