Larry Miller: How Radio Can Survive in the Era of Streaming (Ep. 111)

How Radio Can Survive in the Era of Streaming

Larry Miller, Director of the Music Business Program at NYU and Joe Miller discuss how radio can survive amidst competition from streaming services.

Bio

Larry Miller (@larrysmiller) is a Clinical Music Associate Professor and Director of the Music Business Program at NYU. He is also a music and technology entrepreneur and advisor and host of the Musonomics podcast. He advises music creators and rights holders on public policy and litigation. Additionally, he has provided expert testimony before the Copyright Royalty Board and in arbitration. Larry supports media and technology companies and their financial sponsors on capital formation and growth strategy. Further, he advises on digital product & service development, as well as acquisitions and restructuring. Previously, Larry was a Partner at L.E.K. Consulting and a senior member of the firm’s media and entertainment practice. He later served as Executive Vice President and General Manager of MediaNet.

Larry founded and operated Or Music, a Grammy Award winning independent record label and music publisher where he signed, recorded and published multi-platinum artists Los Lonely Boys and Matisyahu; he was Vice President of Market Development at AT&T Labs Research, and began his career as a broadcaster at Tribune, NBC Radio Entertainment and WHTZ/Z100 New York, regarded as the most successful startup in U.S. radio history as the station went from “worst to first” within 72 days of signing-on in the country’s most competitive radio market.

Larry has commented on CBS, ABC, CNBC, CNN, Fox News and NPR; in the Wall Street Journal, New York Times, Time, Business Week, Financial Times, Los Angeles Times and Billboard. His article “Metadata: How to Develop the Foundation for the Music Business of Tomorrow” was published in The Licensing Journal and is available to NYU students on BobCat.

He earned an MBA at Columbia Business School, and previously served as Entrepreneur-in-Residence and Adjunct Faculty member in the Music Business program at NYU-Steinhardt.

Resources

Paradigm Shift: Why Radio Must Adapt to the Rise of Digital by Larry S. Miller

NYU Steinhardt Department of Music and Performing Arts Professions – Music Business

Musonomics

The Sound Machine:Inside the Hit Factory by John Seabrook

News Roundup

Senators announce bipartisan bill to require online political advertising disclosures

Five Senators–3 Democrat and 2 Republican–unveiled a new bill that would require sites with more than 50 million visits per month to follow the same political ad disclosure rules that broadcasters follow. It would require disclosures for sponsored posts in addition to explicit ads. Sites would be required to include clear and conspicuous language stating which candidate sponsored the content. Further, it would require sites to keep a record of anyone who attempted to purchase a political placement worth $500 or more. The bill is supported by Senators Klobuchar, Warner, Kilmer, McCain and Coffman.

Tech companies form ‘Coalition for the American Dream’

Major tech companies have lined up in support of young, undocumented immigrants who came to the U.S. as children. The companies will be lobbying Congress for bipartisan legislation to allow so-called “Dreamers” to continue working in the U.S. President Trump decided in September to allow the Dreamers program, which began under the Obama administration, to expire in March of next year. This would affect some 900,000 immigrants. Salvador Rodriguez and Jeffrey Dastin cover this in Reuters.

Tech giants to send General Counsels to offer Hill testimony on Nov. 1

Google, Facebook, and Twitter are planning to send their General Counsels to the Nov. 1st House and Senate Intelligence Committee hearings on Russia’s use of the platforms to influence the 2016 election. Critics say the company should instead be sending executives with more technical expertise. Ali Breland reports in the Hill.

U.S. proposes new controls to secure the electrical grid

The Federal Energy Regulatory Commission last week proposed new controls to protect the nation’s electrical grid from hacks. Experts have long worried about the effect an attack on the electrical grid might have on everything from the water supply to cars. The proposed rulemaking focuses on mitigating the impact of malicious transient devices, like laptops and mobile phones. Back in January, the Department of Energy released a report warning of an imminent danger to the electrical grid from cyberattacks. Naureen Malik reports in Bloomberg.

 

FCC review of Sinclair-Tribune merger delayed

The FCC’s Media Bureau has pushed back the deadline for the public to submit comments regarding the Sinclair-Tribune merger. The public now has until November 2 to weigh in. Harper Neidig has the story in the Hill.

EU: US Privacy Shield implementation is ‘adequate’

The European Union has found that the Privacy Shield framework it agreed to with the U.S. last year is working adequately. The Privacy Shield requires the U.S. to ensure the private information of European citizens is adequately protected when it reaches the U.S. However, the first annual report does make some recommendations. It notes that the U.S. could do a better job informing European citizens of their right to redress. Additionally, it says that U.S. agencies should do more to coordinate their compliance efforts. Joe Uchill reports in the Hill.

CNN awarded first FAA waiver of rules pertaining to drone flights over crowds

The Federal Aviation Administration has awarded CNN with the first unlimited waiver of rules pertaining to drone flights over crowds. The FAA generally prohibits drone flights over crowds for safety reasons. However, CNN’s 1.37 pound Snap drone’s rotors are internal and it is designed to break apart in the event of a crash. Alan Levin reports for Bloomberg.

 

Whole Foods breach affected 100 taprooms

Amazon’s Whole Foods announced that the data breach it reported last month affected about 100 of its taprooms. Hackers stole cardholder names, account numbers and security codes. The hack did not affect purchases made in Whole Foods retail stores or purchases made on Amazon.com. Heatlher Haddon reports on the Wall Street Journal.