Touring hard and playing at major music events like The V Festival & Glastonbury in the UK, Coachella & Lollopalooza in the US, and countless others around the world is, for many artists, replacing record sales as the focus of attention and a principal source of income.
The rewards are instant and measurable, and the opportunity to influence people by being ever-present and putting on ever more spectacular shows is very attractive.
Money can still be made from sales of CDs, DVDs and even vinyl. iTunes downloads and ad-supported services like Spotify and Blip are starting gain a foothold and the money trickles in. YouTube is obviously important for profile, But how can artists, music companies and the businesses that support them extract the maximum value from playing at live events and generate the ROI they need to make the exercise worthwhile?Services based around digital media - from targeted, assignable advertising displayed on screens of all shapes and sizes to mobile music download kiosks for festival goers - are likely to play a big part as events become more sophisticated and commercially-driven.
The relationship between artists, brands, the audience and digital media is a brave new creative and commercial world that we will all be keen to explore and exploit in the future.
Ahead of a new series of podcasts and blog posts on how this new market may shape up, 'All The World's A Staged Payment' is a programme I made a year or so ago about how the technical service providers at these big gigs - who we all take for granted, but without whom the show could not go on - finance their businesses.


