Techstars: How Artificial Intelligence Can Make The Music Industry Profitable

We all know that the growth of music distribution is moving fast from transaction to streaming subscriptions. The music value chain is adapting. With millions of songs streamed trillions of times, advanced technologies are necessary for consumers to find and discover their favorite songs and for music artists to find their fans and interact with them. Will the music industry be able to leverage digital technologies to adapt and be profitable? We can get some serious tips from Techstars, an accelerator with a current portfolio of about 7.8 billion. On Thursday, its new program, Techstars Music, partnered with major players including labels Warner Music Group and Sony Music Entertainment, to demo its darling music startups at the El Rey Theatre in Los Angeles.