There has been a major shift in how brands, labels and technology providers are engaging and communicating with consumers due to the digital revolution.
What is often seen as three different enterprises leveraging the same universal language — music — must now work out a way to come together and provide the best music streaming services to engage music fans in the most memorable way.
The digital landscape brings us now to a much more sustainable environment that allows brands to measure ROI while sending targeted messages to collect user data.
This initiative drives brand affinity and customer loyalty and increases conversion.
The key to working together more effectively is to move from a client-supplier relationship to one of a more unified approach and economy, namely the partnership between brands, tech platforms and record labels.
Too often, the relationship between industry players is compartmentalised, instead of embracing the opportunity to grow the market together by achieving a common goal.
To collaborate successfully, a transparent and open discussion is needed between all parties involved with a willingness to approach the market challenges with a fresh agenda.