MUSIC INDUSTRY BLOG

Next Big Sound have changed their tune.

I first heard about the startup through a New York Times article a colleague forwarded to me back in December last year.  At the time, Next Big Sound had developed an interesting role-play model where fans could take the A&R hot seat and pick “the next big sound” from a music discovery platform of independent all-sorts.  I wrote about it here.

Last week, Techcrunch published a post about the company revealing a brand new look and approach.  Next Big Sound overhauled every aspect of its website to deliver a sterling business intelligence platform for fans and music pros.

Anyone who reads this blog knows that I am a stout supporter of business intelligence solutions for music ? there is no shortage of marketing services for musicians yet very few accessible tools for artists to perform their due diligence before attempting to promote their message.

This move brings Next Big Sound to the starting line with two other players I’ve been following, BandMetrics and RockDex.  All three have developed similar products but Next Big Sound stands out with a super clean interface and clear call-to-action: free weekly email digests with statistics on any artist/band you wish to track.

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SoundOut

P2P streaming music service, Grooveshark, has launched an artist promotion initiative – much like the track placement scheme Jango conceived of – as a means for artists and music promoters to purchase plays on its platform, a direct advertising approach that makes sense.  The Gainesville, Florida, company of approximately 40 young entrepreneurs has created a music service that rivals that of Last.fm and Pandora, the two major players in legal music discovery and ‘free’ music streaming.

Grooveshark claims to have deployed a legal music discovery and consumption model, providing its users with a financial incentive to share music, compensating artist/labels for their respective share of ‘broadcasts’, and maximizing illegal file sharing by financing its original sources.  Whether this service is actually legal or not is questionable and it appears that the company has created an expensive model to sustain on ad revenues alone.  However, they’re coming through on some very interesting marketing features for small budget music marketing campaigns.  At its core, Grooveshark Artists offers pay-for-play audio realestate matched to its existing track recommendations and provides analytics tools for track placement optimization. 

In addition, it has partnered up with some of the most talked about music tech startups for music retail, licensing, funding, and more, including Bandcamp, Sellaband and TheNextBigSound, all under the Grooveshark banner which already includes a number of subsidiary services including Tinysong, a track link generating tool for viral distribution, and  Twisten.fm, a Twitter crawler that finds music-related tweets and links them to playable tracks.  All of this put together amounts to a powerful enterprise of do-it-yourself marketing and a 360 indie approach akin to ReverbNation.

Slicethepie and Bebo announced a co-venture this week whereby Bebo members will have the opportunity to grab the A&R seat at Slicethepie’s artist career-funding network.  Strikingly similar in concept to Sellaband, Slicethepie is tapping into the leading British social network’s community assets while Sellaband remains very much an independent platform.  The music “business” role-play idea has been embraced by a number of players in one form or another, including Songness, TheNextBigSound, and  Soundout, a Slicethepie imprint, based on the belief that if potential fans are provided with both a true hand in an artist’s fledgling career as well as a financial incentive, consumer loyalty and word-of-mouth shall follow.  Perhaps the shape of things to come.

Songness, launched last summer, provides a platform for songwriters and performing artists to receive feedback from prospective fans.  Much like the SoundOut concept, Songness is geared toward populating relevant marketing reports through “virtual focus groups” that will help its music-making users identify potential fans and improve their craft through constructive criticism.  Songness has taken a unique approach to artist-to-fan interaction by focusing on the relationship between the artist and fan as the music is being created, rewritten and improved, rather than engaging the fan with the finished musical product, a strategy which OurStage and Sellaband have deployed with lots of financing and reasonable traction (see The Next Big Sound also).  With Songness, the idea is to test your songs before you go to market.  There is also the promise of turning new fans into paying customers but here, I think, Songness may be getting carried away.  I haven’t signed-up yet but the site looks good and the concept relevant.

Next Big Sound, a site developed by four students at Northwestern University and described as a cross between MySpace and American Idol by The New York Times, has come to fruition last August as yet another platform for independent artists and fans to come together in a digital environment of discovery and competition.  Better described as another player in the realm of Sellaband and OurStage, The Next Big Sound looks great and promises adventure in role-play A&R for music fans and, with any luck, an opportunity for independent artists to raise their profile.

The site boasts 2000 “moguls” that have “signed” 9000 acts to date.  The business model surrounding the idea is not yet clear but, if it takes off, I imagine that there will be plenty of opportunities for the company, participating artists and, of course, moguls (music fans) to monetize a piece of the proverbial action.