Millennials and Music
Posted by Jeffrey on Mar 5, 2008
Alan Cross posed the first question “How will the Millenniums consumer music?” The response from the panel revolved around how these consumers had access to many devices (phones, iPods, computers etc.) and wanted their content to be more mobile, just like they are. Furthermore, they have also shown that they will not be content to wait for content and wanted it faster than previous generations. The conversation turned to convenience and not only getting the content ‘whenever, where-ever,’ but how this generation appears to want to purchase ‘a-la-acarte’ instead of getting a CD with ‘one or two tracks’ they like.
The next question from Alan brought me back to my youth in that he asked “What happened to broad consensus in music?” It seemed to me that back then, there were a few stragglers who liked country or jazz or new wave, but at a certain time everyone liked Kiss or Cheap Trick and God forbid if you didn’t… One of the panelist mentioned that maybe the format imposed this type of restriction on behavior, but now consumers could customize their playlists so it didn’t seem as relevant today.
But if this is true, what happens to the ’social experience’ of music? The listening party; the ‘tribal experience’ of belonging to the ‘metal heads’ or ‘new wavers?’ Are we really programming to a listenership of ‘one?’ How then could the industry market to this group? One theory was that it had to be an ‘experience’ that was the actual thing being sold, not just the recorded music and perhaps the expectations of selling millions of copies of a track were not based in this new reality.
This led to a lively discussion on the question of whether music is still a unifying force for this generation. Given the prevalence of protest songs of the 60s and 70s and the rebellion songs of the late 70s and early 80s is this generation still expressing themselves through music? Sounds like the jury is still out on this one as there were several theories floated ranging from expression in different ways (rather than writing songs, Millennials were actually joining NGOs and going to Africa) to a thought that the songs were out there, but we weren’t seeing them.
So amongst the music execs, there is not a whole lot of consensus, although they did agree that the model of selling hardcopy tracks is in transition and the eventual ‘replacement’ for this model is still not certain. Now where is my copy of Live at Budokan
No related posts.
Jeffrey
interesting questions
there is a great video about digital licensing at Ted.com that you must see as it is very pertinent to your post
secondly I agree that the socializing aspect of music has disappeared (at least compared to my Led Zeppelin generation)
and with it the long tail of music artists has emerged .
there are few icons that will last more than 5 years on the music scene – to this generation’s detriment
there is also a great study/experiment that duncan J watts did to simulate the online music world – seems that who wins or looses the popularity contest is quite arbitrary
will come back here a bit later and bring all my links and material to finish off my comment
Miro
I’m back
the study I mentioned is called
Experimental Study of Inequality and Unpredictability in an Artificial Cultural Market – Duncan J Watts et al
http://www.sciencemag.org/cgi/content/abstract/311/5762/854
Abstract: “Hit songs, books, and movies are many times more successful than average, suggesting that “the best” alternatives are qualitatively different from “the rest”; yet experts routinely fail to predict which products will succeed. We investigated this paradox experimentally, by creating an artificial “music market” in which 14,341 participants downloaded previously unknown songs either with or without knowledge of previous participants’ choices. Increasing the strength of social influence increased both inequality and unpredictability of success. Success was also only partly determined by quality: The best songs rarely did poorly, and the worst rarely did well, but any other result was possible.”
Ted.com
Larry Lessig: How creativity is being strangled by the law
http://www.ted.com/index.php/talks/view/id/187
Enjoy!
drop me a line when you want to talk about this some more
this is truly a key intersection point in the digital media and social media space