must do to ensure that its graduates are fully prepared for a successful career in the Music Business? 1. The contemporary music business. 1a. The road ahead. 2. LCoMs current provisions, and ways forward. 1. The state of the contemporary music industry: Largest growing sector (Warwick report, 2015) vs. low levels of government/public support.
Huge shifts in income generation; marketing,
distribution, consumption across entire sector.
The gatekeepers no longer hold the entire castle.
Decreasing dominance of record labels: statistics support a decline in record sales; increase in streaming/online services. (Apart from vinyl).
WIFI, phone and pen principle: DIY/cottage industry.
1. State of the industry continued: Social media dominance not the end of the story. Online content curation/human element.
Generational trends: BBC R2 most listened-to station;
traditional medias still very relevant for many genres/artists. Generation Y vs. Millennial behaviours. Freemium economy: sourcing/exploiting income from other avenues. (E.g. merch, patrons, tours).
Much more multi-faceted and highly pluralist.
1a. The road ahead. The consumption of medias, devices, the news agenda, and industry direction. (Blogs, vlogs and apps). Performance technology: holograms, 3D printing, mobile recording studios. Non-performance: socio-cultural; socio-political, and socio- economic developments; access to entertainment and the arts. Finely tuned freelance skills. Facebook live and Youtube tiered subscriptions. Students will have to be realistic in terms of timescale and adaptability. AR and OR. Generational shifts/DIY industry + record labels Human interaction and face-to-face networking. 2. LCoMs provisions + ways to innovate: LCoM is unrivalled in this area. BIMM very weak; RNCM comparatively miniscule (funding). Not marketed as an LCoM strength? Students generally enjoy the Professional Studies Modules. (QAA HER student submission, p. 26). Self-promotion was extremely popular and students highlighted its benefits.
LCoM students are mostly unaware of the careers
service.commented that they find it unhelpful and not specific to their industry(QAA HER report 2016, p. 27). How can we innovate, or better focus for TEF? Student trajectory and jobs market. 2. LCoMs provisions: TEF-related. TEF: encourages original thinking, drives up engagement, and prepares them for the world of work. (HEFCE, 2016)
Balance between academic/practical industry relevance.
Portfolio career awareness: where will a graduates income likely come from in the music business?
More outward-facing student competitions/awards: (Yamaha)
Enterprise award; Global radio prize, Community music champion.
Professional studies modules increased credit weighting.
2. LCoMs provisions: business and professional studies: Online literacy and digital curation: build upon and augment. Hi Manny, I spent 50 on boosting my post, why hasnt it gone viral? Building an audience getting that audience to throw money at you. Music industry has come full circle from classical era. Embed creative industry placements within curriculum. Major industry project, flexibility in collaborative direction (e.g. community music). WITCI dragons den proposals: present at Leeds Digital Festival, or Young Enterprise partnership. 2. LCoMs provisions: business and professional studies continued: Greater collaboration between BA music business and BA music students. Chamber music approach. Peer learning collaboration growth Impact of Graduate tax and Comprehensive Spending Review. MOOC options = greater student recruitment. Rolling-out new professional studies options alongside new pathways. Film/songwriting = Sync and publishing module. Musical theatre = Auditions, agent, and circuit training. 2. LCoMs provisions: ROI ROI: no music conservatoire offers unconditional, alumni career support.
Career fair/day. Encouraging students to engage with
companies and employers. Improved careers service. Events and enterprise collaboration. Industrial liaison panel. Non-performer focus: creative industries bigger picture. Marketing digital and broadcast medias. To summarise (read only). Hugely shifting, pro-DIY/indie music industry now, and in the future. Unashamedly showing off and building upon professional studies. Greater collaboration between BA music business and BA music. Embedding outward-facing industry experience across all curricula, at all years. Excellence in teaching and learning. ROI; value for money, outward-facing, tangible employment embedded within curriculum.