From Competition to Interdependence
Wednesday, April 21st 4:30 pm – 5:30pm
The last ten years of the digital music industry have largely been characterized by a tug of war, or at best an uneasy truce between
rights holders and new digital music services. As the rapid advance of technology has brought an unprecedented pace of change to this
sector, every actor has struggled to figure out a way to navigate the future.
From newly empowered independent artists to major labels, to online radio, everyone has been groping around in search of the right
digital strategy. Historical suspicions, and the sheer complexity of the ecosystem have often resulted in adversarial negotiations that
leave neither side a winner. There has yet to be a solid resting place for a mutually beneficial solution.
The evolution of the music industry in recent years offers many lessons that can be applied to other industries and business sectors.
For example, when you book a flight on Expedia you get a slew of other offers for hotels, cars, shows and even pedicures. Former fierce
competitors now prefer to consider themselves "frienemies" or the "coopetition".
This move from competition to interdependence is hastened by the Internet, Web 2.0, social media and collaboration tools and technologies.
In this new world of business, everyone has to give to make it work for everyone. Attend this keynote and hear from a pioneer in music
industry -- one who can provide great insight and help us all to re-think success in the future of our own industries.
Tim Westergren, Pandora
Tim Westergren founded Pandora in 2000 and now serves as the company’s chief strategy officer.
With more than 50 million registered listeners, including 20 million on a range of mobile devices,
Pandora's personalized radio is quickly redefining the digital music space. Tim also founded the
Music Genome Project to harness the power of musicology and technology to connect musical artists
with the fans most likely to appreciate their music. In addition to guiding Pandora's overall strategy
and vision, Tim is also Pandora's chief evangelist, and travels the country meeting with listeners
to collect feedback, research local music, and spread the word of the Music Genome Project.
Tim received his B.A. from Stanford University, where he studied music theory and composition.