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MFM Workshop: “Make Music Your Business #4”
July 14, 2016 @ 5:00 pm - 6:30 pm
A MFM Workshop About The Digital Ecosystem with Ken Umezaki, President of Digital Daruma
Ken will be leading a special workshop for MFM members and aspiring musicians on making music and business go hand in hand. He will provide real world advice using his experiences starting Digital Daruma.
The digital economy has commoditized music, with profound ramifications for musicians or creators, consumers and the music industry across everything they do. The fundamental shift to a commodity business has created many challenges but, more importantly, tremendous opportunities for the music business to innovate and grow in ways that would not be possible without the digital ecosystem for media assets. Ken discusses his perspective on the future of music as a commodity business, and the foundations that need to be built in order for musicians and the business to succeed in this digital era.
This workshop will include:
– Is There A Lot of Music?
– The New Music Ecosystem
– Who makes the $s?
– Artist Sustainability
– Copyrights & Licensing
– The “Digital Jungle”
– Exploring Music As A Digital Commodity
About Ken Umezaki (Digital Daruma (President):
Ken is an angel investor and business advisor for digital music startups, through his company Digital Daruma, with a specific focus on artist facing music and media service companies. Digital Daruma has also made select direct investments in music artists and songs, and has co-founded Five To One Media, an artist centric multimedia services hub in Manhattan. He is also the co-founder of the Dot Blockchain Music Project, a public benefit corporation building and promoting a new music file format and supporting technology architecture to modernize copyright management and music supply chain processes fit for the digital music age.
His past experience includes 25 years in financial services trading, asset management and senior management positions. He is also an experienced musician, and currently plays bass in the band Fifth of Bourbon. Lastly, he is involved in a number of music foundations and academic organizations, including serving on the national board of Little Kids Rock, Future of Music Coalition and advisory board positions at New York University and Berklee College of Music.