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Posted: 2020-08-27 21:07:10

Rafat Ali thinks the event industry is having its Napster moment

From Andy Baio at Waxy.org
Originally published 2020 08 26
Zoom is the Napster of the event industry, the ease with which you can put on good-enough virtual events with a global audience, almost for free, much to the undercutting of the underlying economics of the physical events world. All types of business event — conferences, trade shows, conventions — are in danger of their revenues streams of tickets, sponsorships, memberships, and other types of fees being eroded as the world gets used to digital formats and alternatives emerge to physical networking, matchmaking and other tasks we get out of these events.
It is important to point out that neither the music nor radio nor the news industry nor the TV/film industry died, its that the incumbent players were simply shunted aside by new companies without the institutional bloat and interests that nearly always keep incumbents from advancing to the next thing.
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Tags:events industry,billion of dollars,hundreds of story,music industry,last decade,events sector,long terms,news industry,napster moment,business events,Links