Virtual Reality Concerts – The Latest Music Industry Boom?
Virtual Reality Concerts
0
0
The ability to stream concerts in VR means that the music industry can bring in higher revenues from live music. WireImage Virtual reality has brought the pop industry full circle. Everyone knows the well-worn story of how, post-Napster, the music industry suffered a quasi-collapse, with […]
Simon Chandler, Contributor, Forbes.com
Now, in addition to those who pay to actually be present at a concert, the music industry can monetize everyone who couldn’t obtain tickets, or who doesn’t always feel like going out to see their favorite acts perform.
Simon Chandler, Contributor, Forbes.com
In other words, VR appears to let the music industry combine the best of both worlds: the apparent spontaneity and singularity of live music with the reproducibility and accessibility of recorded music.
Simon Chandler, Contributor, Forbes.com
The Music Industry Does It Again!
Hello everybody! Don’t look know but the music industry once again finds ways to reinvent and shape itself according to the mode of the times.
So in this era of digital focus and technology advancement, the music industry is turning its sights towards live performances in virtual reality (VR).
Since streaming continues to shift the economics of music industry, live performances have become more significant than ever as a source of revenue.
The Forbes.com article referenced provides tremendous insight into this burgeoning trend of virtual reality concerts.
What are your thoughts? Do you feel that virtual reality concerts will take off?
Thoughts on Virtual Reality (VR) Concerts
I’ve been a critic of certain music industry practices and trends over the years but I’m highly optimistic about the boom of VR concerts.
I believe their popularity will surge because the VR concerts provide ways for the physical concert go-ers and those music lovers who cannot attend to enjoy the live performances of their favorite artists.
Who else benefits from VR Concerts?
In addition, the trend has of course made way for emerging sources of revenue in technology as apps such as MelodyVR have flourished.
As a result, major artists such as Wiz Khalifa, Sean Paul, Five Finger Death Punch, The Kooks, Fleet Foxes, Fall Out Boy, Jamiroquai and The Who just to name a few have already either performed or are slated to perform virtually.
I view this as a rare situation where it’s a win-win situation for the music industry AND the consumer!
Click here to view original web page at www.forbes.com
Kevin James has over 20 years of experience in the entertainment industry in various facets. He has worked as a recording artist, songwriter, producer, on-air radio personality, background actor and film director. Kevin is a Member of the National Writer's Union.
I have to admit, I never thought could end up being a thing but then again this is what I thought about Bitcoins haha. I’ve never been to a VR performance, I just stick to my VR gaming for now.