News - 21/11/2016

BPI launches new forum called Innovation Hub

BPI launches new forum called Innovation Hub

UK record labels’ association, the BPI, has launched the BPI Innovation Hub. It's a new forum wih the aim to harness the potential of creativity and innovation by matching innovative tech companies with record labels that are looking to utilise new technology in their business.

The BPI will look to convene the Innovation 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. 

Heading up the initiative for the BPI will be its first Innovation Hub Director, Vanessa Higgins, who runs her own record labels – Regent Street Records and Gold Bar Records – and already serves on the BPI’s Council as an independent label representative. Vanessa will be supported by BPI’s Director of Independent Member Services, Chris Tams, who will be responsible for its general operation. 

Higgins commented:

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 in total.  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.

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