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BPI Innovation Hub launches

Original article from: http://www.m-magazine.co.uk/news/bpi-innovation-hub-launches/

The BPI has launched a new Innovation Hub, an initiative aimed at matching record labels with new tech businesses.

Vanessa Higgins, manager of Regent Street Records and Gold Bar Records and BPI’s independent label representative, will lead the new forum.

The BPI will look to convene the hub on a quarterly basis, inviting selected companies to meet with and present to each other with the aim of developing productive business partnerships that will generate long-term commercial opportunities.

Vanessa Higgins, BPI Innovation Hub director, said: ‘The relationship between technology and record labels has always been important, and never more so than right now in today’s rapidly changing landscape. With the help of leading minds in both fields, we are bringing together forward-thinking labels of all sizes with emerging technology companies, developing ideas across a plethora of areas.

‘We want to shape the future of the music industry, not react to the rules thrust upon us. The BPI Innovation Hub is here to facilitate and foster these exciting potential partnerships.’

The inaugural meeting of the BPI Innovation Hub took place at the end of last week, with 19 companies participating.

Record labels and music service companies present included Absolute, Believe, BMG, Def Disco, Different, [PIAS], and Sony Music Entertainment UK, while tech companies on hand ranged from live-streaming platform Chew, and direct-to-fan marketing service Gig Rev, to 360 and VR company Mativision, and digital rights collection agency, Traccks.

Geoff Taylor, BPI and BRIT Awards chief executive, added: ‘The music business lives at the nexus of creativity, innovation and technology. Labels continually reinvent themselves to take advantage of new possibilities.

‘So I’m delighted that Vanessa has taken on the key role of leading the BPI’s Innovation Hub. It is clear from the first hub session that there are many exciting opportunities to collaborate with start-ups to create new experiences for fans and to find new, more efficient ways of doing business. The BPI is committed to helping member labels grow through innovation and collaboration.’

Visit bpi.co.uk for more information.

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