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Music Tectonics

What’s in Store for ‘24?

Jan 12, 2024
Explore the future of music tech in 2024 with discussions on industry mergers, the role of AI in music rights management, and the transformative potential of MIDI 2.0. The podcast also delves into the concerns and potential of AI-generated music, the impact of technology on collaborative music-making, and the quest for innovation in the music industry.
45:53

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Quick takeaways

  • Consolidation within the music tech industry is expected to continue in 2024, driven by acquisitions and larger ecosystem plays.
  • AI technology in the music industry has the potential to improve transparency, revenue tracking, and create personalized experiences for fans.

Deep dives

Consolidation of Music Tech

In 2024, there is a trend of consolidation within the music tech industry as more companies are being acquired by larger organizations. This consolidation indicates the maturation of certain companies and their need for a strategic owner. Some acquisitions may be driven by companies facing turbulence and being acquired as a result. This consolidation is expected to continue in the first half of 2024, with more fire sales and larger ecosystem plays driving the trend.

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