The Future

A+L Innovation Central: RIAA CEO Cary Sherman

September 14, 2012, 12:00PM

RIAA CEO Cary Sherman talks with Andrew Keen about the importance of innovation in all its forms.

Cary Sherman is Chairman and CEO of the Recording Industry Association of America (RIAA), the organization representing the nation’s major music labels.  The trade group’s member companies are responsible for creating, manufacturing, or distributing approximately 85 percent of all legitimate sound recordings sold in the United States.

As Chairman and CEO, Sherman represents the interests of the $7 billion U.S. sound recording industry, which now derives more than half of its revenues from a variety of digital formats.  In 2001, he became President, serving in that capacity until 2011, when he was elevated to Chairman and CEO.

Most recently, Sherman was widely credited with coordinating the groundbreaking anti-piracy agreement between many of the nation’s largest ISPs and the music and film industries.  He also helped negotiate a groundbreaking deal between music publishers and digital music services that simplifies licensing rules and enables a series of new cutting-edge business models.  In addition, he has guided the industry’s efforts to define how music creators are compensated for new forms of digital distribution, helping to facilitate new ways to offer digital music to consumers.  He has played an integral role in the creation of a number of cross-industry coalitions and has spearheaded the industry’s work with the higher education community to foster legitimate music consumption on campuses nationwide.
During his tenure as President, Sherman coordinated the industry’s legal, policy and business objectives in the areas of technology, licensing, enforcement, and government affairs issues, among others.  Before joining the RIAA as General Counsel, Sherman was a senior partner at the Washington, D.C. firm of Arnold & Porter, where he was outside counsel to the RIAA and the head of the firm’s Intellectual Property and Technology Practice Group.  One of his special areas of expertise during his 26 years at Arnold & Porter was reconciling developing technologies and intellectual property laws.

Popular Capitol Hill publication Politico named Sherman one of the “Five key players to watch” in the newspaper’s Technology Forecast 2012.

Billboard Magazine named Sherman 76th on its 2012 The Power 100 list.

National Journal has described Sherman as an “intellectual property guru” and “one of the top copyright attorneys in the country.”

Sherman graduated from Cornell University and Harvard Law School.  An amateur musician and lyricist, he is the Chairman of the Board of the Levine School of Music in Washington, D.C.  Sherman also serves on the boards of the Anti-Defamation League and BNA’s Patent, Trademark and Copyright Journal, and has served on numerous other boards, including the Copyright Society, the Washington Area Lawyers for the Arts, The Computer Law Association, and The Computer Lawyer.

“Jabberwocky” performed by Gardening, Not Architecture. Written by Sarah Saturday, Copyright 2012 Principiis Obsta Music (ASCAP), All Rights Reserved. Courtesy of SemaphoreMusic.com
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A+L Innovation Central – Mike Montgomery Talks Spectrum

September 13, 2012, 12:00PM

Andrew Keen chats with Mike Montgomery of CALinovates about spectrum.

Mike Montgomery is the executive director of CALinnovates.  CALinnovates serves as a bridge between the thriving and fast paced technology community based in California and the slower moving but equally important public policy community in Sacramento and Washington, DC.

  • CALinnovates brings together stakeholders in the technology and startup communities with government leaders to ensure a careful and considered approach in policies impacting the dynamic high-tech sector.  Positive impacts would be an environment encouraging growth, investment, competition and result in more choices and access to the benefits of new technology for people in California.
  • CALinnovates also works to educate the public on the latest innovations and uses of technology

CALinnovates’ members include C-level executives, political leaders, entrepreneurs, techies and the average Californian who is interested in keeping up with the latest gadgets and innovations.

 

“Jabberwocky” performed by Gardening, Not Architecture. Written by Sarah Saturday, Copyright 2012 Principiis Obsta Music (ASCAP), All Rights Reserved. Courtesy of SemaphoreMusic.com
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A+L Innovation Central: Susan Athey and the Intellectual Economy

September 12, 2012  12:00PM

Andrew Keen discusses the intellectual economy with Harvard economics professor and Microsoft chief economist Susan Athey.

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Susan Athey is Professor of Economics at Harvard University. Born in 1970, she received her bachelor’s degree at 20 from Duke University, her Ph.D. from Stanford at 24, and was voted tenure at M.I.T. and Stanford before her 30th birthday. After teaching at MIT for six years and Stanford for five years, she moved to Harvard in 2006.

Her current research focuses on the economics of the internet, marketplace design, auction theory, and the statistical analysis of auction data. Recently she has been working on theoretical and empirical studies of internet search, online advertising and the news media. She advises governments and businesses on the design of auction-based marketplaces, consulting for Microsoft Corporation in the role of chief economist since 2007, focusing on online services.

Professor Athey is an expert in a broad range of economic fields including industrial organization, econometrics, and microeconomic theory and has used game theory to examine firm strategy when firms have private information. Previous research include mathematical methods and tools for theoretical modeling, auctions, industrial organization, econometric identification, and organizational design. She has analyzed dynamic games and contracts with hidden information; applications include collusion and competition among bidders at auctions, ongoing trading relationships among privately informed traders, and the question of how much discretion to give a privately informed central banker in setting monetary policy. Empirical work has analyzed the effects of the design of timber auctions on the types of bidders who participate, revenue, and the prevalence of collusion. She has also been studying econometric identification, asking in a number of different contexts whether it is possible to learn about economic primitives using a combination of data and theoretical models, when datasets are large. Applications include auctions, difference-in-difference models, and models of consumer choice. She has published numerous articles in the top economics journals.

At the age of 36, Professor Athey received the John Bates Clark Medal. The Clark Medal is awarded by the American Economic Association every other year to “that American economist under the age of forty who is adjudged to have made the most significant contribution to economic thought and knowledge.” She was inducted as a member of the American Academy of Arts and Sciences in 2008. In 2000, she received the Elaine Bennett research award, given every other year to an outstanding young woman in any field of economics. She received continuous funding from the National Science Foundation from 1995 to 2008, including a prestigious Career Development award. In addition, she received the Sloan Foundation Research Fellowship for 2000-2002. She was elected as a fellow of the Econometric Society in 2004, and she is a Research Associate at the National Bureau of Economic Research. She was a National Fellow at the Hoover Institution in 2000-2001, and in 2004-2005 was a fellow at the Center for Advanced Studies in Behavioral Science at Stanford.

She served as an elected member of the executive committee of the American Economic Association; as an elected member of the Council of the Econometric Society, and an elected member of the Council of the Game Theory Society.

She has served as co-editor of American Economic Journals: Microeconomics and Journal of Economics and Management Strategy, and as an associate editor of several leading journals, including the American Economic Review, Review of Economic Studies, and the RAND Journal of Economics, as well as the National Science Foundation economics panel, and she currently serves as an associate editor for Econometrica, Theoretical Economics, and Quarterly Journal of Economics. She was the chair of the program committee for the 2006 North American Winter Meetings, and she has served on numerous committees for the Econometric Society, the American Economic Association, and the Committee for the Status of Women in the Economics Profession.

She is also an academic affiliate of Keystone Strategy, a firm thats support her business and policy work on market design. She worked as a consultant to the government of British Columbia in designing a market-based pricing system for government-owned timber, and she has consulted on the design of timber markets for several other foreign governments.

Non-academic honors include being named as a World Economic Forum Young Global Leader, Fast Company’s 100 Most Creative People in Business, Diversity MBA’s Top 100 under 50 Diverse Executives, and Kilby Award Foundation’s Young Innovator Award.

She was born in Boston and grew up in Rockville, Maryland. As an undergraduate at Duke University, she completed three majors, in Economics, Mathematics, and Computer Science. She got her start in economics research as a sophomore, working on problems related to auctions with Professor Robert Marshall. She was involved in a number of activities as well: she served as treasurer of Chi Omega sorority and as president of the field hockey club.

At Stanford University’s Graduate School of Business, she received State Farm Dissertation Award and Stanford University Leiberman Fellowship, a university-wide dissertation fellowship. Upon graduation, her success on the academic job market was the subject of feature articles in the New York Times, the International Herald Tribune, and the Boston Globe. At MIT, she held the Castle Krob Career Development Chair. She received the undergraduate economics association teaching award. She spent 1997-1998 as a visiting assistant professor at Yale University. At Stanford, she held the Holbrook Working Chair.

She is married to Guido Imbens, who is also Professor of Economics at Harvard, and they have three children, Carleton (born in 2004), Annalise (2006), and Sylvia (2010). Her main interest outside of work is spending time with her family.

 

“Jabberwocky” performed by Gardening, Not Architecture. Written by Sarah Saturday, Copyright 2012 Principiis Obsta Music (ASCAP), All Rights Reserved. Courtesy of SemaphoreMusic.com
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A+L Innovation Central Podcast: David Lowery

September 11, 2012 3:25PM

Chris Castle chats with musician/teacher David Lowery about fan outreach, and his students.

A+L Innovation Central Podcast – David Lowery

David Lowery is the founder of two commercially successful and critically acclaimed bands, Cracker and Camper Van Beethoven. Originally trained as a mathematician, Lowery has long been interested in the intersection of technology, finance and music. In 2008, while serving on the board of advisors for a website called  thepoint.com, he created a tipping point “campaign” to get his fans to commit to buying tickets for a proposed music festival. The campaign was a success. The Point later became Groupon. Lowery also teaches music business finance at the University of Georgia. Follow David on Twitter: @davidclowery

 

 

 

“Jabberwocky” performed by Gardening, Not Architecture. Written by Sarah Saturday, Copyright 2012 Principiis Obsta Music (ASCAP), All Rights Reserved. Courtesy of SemaphoreMusic.com

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A+L Innovation Central: Steve Greenberg on the Evolution of the Music Industry

Founder of S-Curve Records Steve Greenberg chats with Andrew Keen about the music industry and evolving business models.

August 10, 2012 12:00 PM


Steve Greenberg is President of S-Curve Records, based in New York, which he founded in 2000 and is re-launching in 2007.  S-Curve has had great success with a wide range of projects, including releases from such artists as Joss Stone (the three million-selling “Soul Sessions” EP and the four million-selling “Mind, Body and Soul” LP) and Fountains of Wayne (the multi-Grammy nominated “Stacy’s Mom”). Steve was a 2005 Grammy nominee in the ‘Best Pop Vocal Album’ category as co-producer of “Mind, Body and Soul.” S-Curve’s very first release, “Who Let The Dogs Out” by Baha Men, sold over four million albums worldwide and earned Steve a 2001 Grammy Award in the ‘Best Dance Recording’ category as producer.

In January 2005, Steve Greenberg placed S-Curve in hibernation in order to take the position of President of Columbia Records. During Steve’s tenure at Columbia, the label released hit albums by such established recording artists as Bruce Springsteen, John Mayer, Barbra Streisand, System of a Down, Neil Diamond and the Dixie Chicks, while developing new talent including John Legend, Anna Nalick, Boys Like Girls, the Jonas Brothers and others.  Throughout Steve’s Columbia period, S-Curve’s catalogue continued to sell briskly, leading to the label’s placement on Billboard’s August, 2006 list of “The 20 Biggest Independent Labels,” for 2005-2006, even though S-Curve at that point had not been operative for over 18 months.

Prior to founding S-Curve, Steve was Senior Vice-President/Head of A&R for Mercury Records from 1996 to 1999.  While at Mercury, he discovered the pop/rock group Hanson and served as executive producer of their debut album, “Middle of Nowhere,” which sold over 12 million copies worldwide and was nominated for three Grammy Awards.  He also worked on albums by a number of other Mercury artists, including Jon Bon Jovi’s multi-million selling 1997 solo album, “Destination Anywhere.”

Steve previously held positions as an A&R executive at Atlantic Records (1992-1995) where he was nominated for a Grammy Award in 1995 for his work on “Otis! The Essential Otis Redding.”  From 1991-1992, he was Head of A&R for Atlantic’s Big Beat Records label, where he discovered such gold-certified acts as Robin S (“Show Me Love”) and the Grammy-winning reggae band Inner Circle (“Bad Boys,” “Sweat”).  From 1988 to 1991 he served as Director of International Marketing/A&R for Warner Music International, during which time he was nominated for a Grammy Award as producer of “The Complete Stax/Volt Singles 1959-1968” 9-CD boxed set, which has since been certified gold—the largest collection of CDs ever to have achieved that distinction.  Before that, he was Staff Writer for WEA International, based in New York.  From 1982 to 1984 he worked as a radio and print journalist, based first on Capitol Hill in Washington, D.C. and subsequently in the Middle East. In 1981 he served a stint as a disc jockey on the legendary Voice of Peace pirate radio station, which broadcast from a ship in the Mediterranean to all nations in the region in the name of peace.

Steve holds a Master’s degree in Applied Communication Research from Stanford University and Bachelor’s degree in International Relations from The American University in Washington, D. C.  He also spent a year as a research scholar at the University of Pennsylvania’s Annenberg School of Communication.  He is currently a Governor of the New York Chapter of NARAS (National Academy of Recording Arts and Sciences), the organization which sponsors the Grammy Awards and its sister foundation MusiCares. He contributed a chapter on the pop music culture of the 1980′s to the anthology “The 80′s”, to be published in 2008 by Oxford University Press.

 

“Jabberwocky” performed by Gardening, Not Architecture. Written by Sarah Saturday, Copyright 2012 Principiis Obsta Music (ASCAP), All Rights Reserved. Courtesy of SemaphoreMusic.com

 

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Google’s Troubles

April 17, 12:32 PM

by Andrew Keen

My CNN column last week focused on Google and its struggle for relevance in the Web 3.0 world of Facebook “likes”. I’m certainly not alone, of course, in predicting the long term crisis for Google. But even the last week, since my CNN piece appeared, there’s more and more evidence to support the argument that Google is increasingly vulnerable to the structural shifts in the digital economy.

Firstly, Google is becoming increasingly embroiled in the courts. Today, for example, a Federal appeals court revived Rosetta Stone’s trademark infringement lawsuit against Google. Then, of course, there’s the upcoming EU anti-trust decision which, even if it reaches some sort of settlement, will likely weaken Google’s hitherto semi-monopolistic control of the European search market.

Most of all, though, Google is behaving increasingly oddly. With the self-styled “grown-up”, Eric Schmidt, no longer in charge, the inmates are once again running the asylum over at the Googleplex. Take, for example, Sergei Brin’s peculiarly paranoid rant yesterday about Internet openness – an argument suggesting what is good for Google = good for web freedom. And then, of course, there is last week’s Google stock split which, as the Times’ Andrew Ross Sorkin notes, solidified “the founders’ control of the company by diminishing the future voting power of the shareholders”.

The issue isn’t really whether Google will be more or less evil in the future. It’s whether the dominant player in the Web 2.0 world will remain relevant in today’s social and mobile Web 3.0 world. With the kids back in charge, I’m not optimistic that Google can successfully reinvent itself.

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A+L Innovation Central – Clayton Christensen on the Cultural Impact of High Tech

April 2, 2012  3:23 PM

Harvard Business School professor Clayton Christensen talks with Andrew Keen about the impact technology has had on us and will have on future generations.

Clayton M. Christensen is the architect of and the world’s foremost authority on disruptive innovation, a framework which describes the process by which a product or service takes root initially in simple applications at the bottom of a market and then relentlessly moves ‘up market’, eventually displacing established competitors.  Consistently acknowledged in rankings and surveys as one of the world’s leading thinkers on innovation, Christensen is widely sought after as a speaker, advisor and board member.  His research has been applied to national economies, start-up and Fortune 50 companies, as well as to early and late stage investing. His seminal book The Innovator’s Dilemma (1997), which first outlined his disruptive innovation frameworks, received the Global Business Book Award for the Best Business Book of the Year in 1997, was a New York Times bestseller, has been translated into over 10 languages, and is sold in over 25 countries.  He is also a four-time recipient of the McKinsey Award for the Harvard Business Reviews’s best article and received a Lifetime Achievement Award from the Tribeca Film Festival in 2010. He is currently the Kim B. Clark Professor of Business Administration at the Harvard Business School.

 

 

 

“Jabberwocky” performed by Gardening, Not Architecture.  Written by Sarah Saturday, Copyright 2012 Principiis Obsta Music (ASCAP), All Rights Reserved.  Courtesy of SemaphoreMusic.com
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Arts+Labs Innovation Central – Praveen Atreya and Andrew Keen Talk Innovation

Andrew Keen and Praveen Atreya talk innovation.

 

Praveen Atreya is the Director of the LTE Innovation Center at Verizon Wireless. He is currently responsible for 4G LTE-centric product development, and the operations of the LTE Innovation Center. The goal of the LTE Innovation Center is to provide a collaborative environment and framework to enable partners to develop, refine and bring to market their non-traditional product and solutions over Verizon’s 4G LTE network. Praveen also has responsibility for the operations of the Verizon Experience Center in Waltham, which emphasizes the unique advantages of LTE by spotlighting solutions in multiple verticals that are made possible by Verizon’s 4G LTE technology.

Praveen has more than nine years of experience in the wireless industry. He has played a subject matter expert role in several key Verizon Wireless initiatives including 3G 1XRTT data, EVDO and RevA technology and product development, and has also played a leadership role in Data network operations support as well as Regional Data System Performance.

Praveen has a Master’s Degree in Electrical Engineering from the Pennsylvania State University, and a Bachelor’s degree in Electronics and Telecommunications from the University of Mumbai, India.

 

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Keen on Media – Andrew Keen interviews Richard Bennett on Net Neutrality

Who isn’t confused by the byzantine complexities of the network neutrality debate? Richard Bennett (bennett.com), long time network maven and fellow of the Information Technology and Innovation Foundation (ITIF), is one of the few experts able to cut through confusion and present the net neutrality debate both accurately and simply.  So we caught up with Bennett in Washington DC this week to get his take on where we are and where we are going with net neutrality.

 

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Amazon v. Macmillan: The Media Wars Begin

Arts + Labs advisor Andrew Keen weighs in on the tug-o’-war between Amazon and Macmillan over e-book pricing:

“The problem, of course, is that both sides are wrong. There is no good and evil dog in this fight, no scripted, morally suitable ending. Rather than a movie, this is capitalism, an economic system that rewards the strong and punishes the weak. The truth is that Amazon and Macmillan are both way beyond good and evil. They are both smart companies trying to maximize their commercial power in the new digital economy by controlling the terms of trade in the e-book market.”

Read the complete article here.

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