The Next Big Thing in Independent Music
- 7 min read
- Mar 4, 2024
The independent music industry is taking shape and evolving faster than ever. Every year, there is a new platform, shaping how fans consume music. Today, technologies have put creative tools in the hands of people who don’t use to have such access. All of these have made predicting the future of independent music quite a tricky endeavor.
Early this year, SoundCharts made a prediction and trends music will assume in 2020. These include how Artificial Intelligence will shape the music industry—creating more income streams for artists through the democratization of music creation. It is also expected that the way music is consumed will change. While giving way for generative music as a result of contextual playlists. However, there is a trend that leans more towards independent music; artists are expected to become more powerful than ever.
Power is genuinely shifting towards independent music. Of course, this does not come as a surprise with the way independent labels have been attracting big-name artists of late. Nonetheless, the prediction of analysts tilts towards big record labels losing grip on the music industry, and it's coming to reality. With them losing their power, the major record labels will move towards adopting the contractual terms only found in indie music settings—for example, more progressive split.