Dan Runcie on what music industry can learn from gaming and be more lucrative

"Music is one of the most valuable forms of self-expression out there" - Trapital's Dan Runcie insists in his latest memo. He also shares his thoughts on what the music industry can learn from gaming and monetize its popularity:

• Do-it-yourself music sampling - make it easier for fans to remix their own versions of songs, separate the stems, upload their versions to the streaming or short-form video platform of their choice, and ensure that the original artists get paid for the underlying work

• A.I. as a service - I can see software like ChatGPT packaged up as a $10.99 monthly subscription service for songwriters and musicians. Users pay a monthly fee to access their royalty-free music for commercial use

• In-app purchases in digital environments - 23% of Gen Z gamers (and 16% of all gamers) wish they could purchase music they hear in a game or be able to add it to a playlist