Consumers not ready to embrace cloud-based digital locker solution for music and video

The industry is rapidly moving content solutions to the cloud, but consumer interest is not keeping pace, as less than 30% of U.S. broadband households find the digital locker an attractive alternative for music or video.

Cloud Media and the Digital Locker, a new report from Parks Associates highlights the challenges within the industry, including device and format interoperability, consumer awareness, and security and delivery issues. Market fragmentation is also a major inhibitor, and efforts including Digital Entertainment Content Ecosystem's (DECE) UltraViolet initiative and Disney’s Studio All Access aim to overcome these barriers.

The benefits of cloud services are popular with consumers, indicating significant market potential. Access via mobile devices is important, and over 50% of U.S. consumers consider multiroom access to music and video content and guaranteed replacement of lost or damaged media to be equally important features of the digital locker.

Cloud Media and the Digital Locker examines how key players from content owners and distributors to platform and technology solution providers are tailoring their cloud-based solutions to include secure delivery, high quality, and ubiquitous access models.

Digital Music Forum West, supported by Parks Associates

Parks Associates is supporting the Digital Music Forum West from October 6-7 in Los Angeles, California.

Over 300 of the most influential decision-makers in the music industry gather in Los Angeles each year for this incredible 2-day deal-makers forum to network, do deals, and share ideas about the business. More Info

Parks Associates supports Music & Advertising 2010

Parks Associates is supporting the Music & Advertising from September 15-16 in Chicago, IL .

Join Billboard and Adweek in Chicago to explore how the worlds of music and advertising are intertwined, and examine how big brands, artists and music supervisors are benefiting from working together during captivating keynotes interviews, informative case studies, and interactive panel discussions. More Info

Billboard Music and Money Symposium, Parks supported event

Parks Associates is supporting the 2010 Billboard Music & Money Symposium on March 4th in New York.

This one-day event brings together the best minds from the music, legal, financial and Wall Street communities for an in-depth examination of the financial realities with which the music industry is contending.

Parks Associates supports Digital Music Forum East

Parks Associates is supporting the Digital Music Forum East to be held from February 24-25 in New York City.

Digital Music Forum East is the only event in the United States that brings together the top music, technology and policy leaders for high-level discussions and debate, intimate meetings and unrivaled networking about the future of digital music. More Info

Digital Music Forum West, supported by Parks Associates

Parks Associates is supporting the Digital Music Forum West event from October 7-8, 2009 in Los Angeles, California.

Digital Music Forum West brings together the top music, technology, and policy leaders for high-level discussions and debate, intimate meetings and unrivaled networking about the future of digital music.

For more information about this event, please click here.

Parks Associates supporting Leadership Music Digital Summit, March 23

Parks Associates is supporting the Leadership Music Digital Summit on March 23-25, 2009 at the Belmont University's Curb Event Center in Nashville, Tennessee.

An expanded edition of the Leadership Music Digital Summit (LMDS), one of the leading conferences focusing on technology and the many opportunities and challenges it presents the music industry, has been set for March 23-25, 2009, at Nashville’s Belmont University. The fifth annual LMDS has added a pre-conference event and a half-day of programming to its schedule, providing more exploration of the latest issues and innovations as well as networking time with an influential group of more than 600 music industry leaders. The Summit audience includes decision-makers who collectively reach a consumer base of millions around the world.

For more information about the Leadership Music Digital Summit, click here.

Consumers listening to music more and more on TVs

Parks Associates says advanced TV applications make the television...

In a new survey by Parks Associates, roughly two-thirds of U.S. and Canadian broadband households reported regular use of a PC to play music while at home, and one-third said they use a television to listen to music. MP3 players ranked equal to TVs, with one-third of households using these platforms for music, in the new report titled Digital Media Habits II.

“iPods are sexy, but not everybody has one,” said John Barrett, Director of Research at Parks Associates. “TVs are ubiquitous and increasingly capable of delivering a range of content, especially with new features like digital music delivery and place-shifting services. This is just the tip of the iceberg for TV applications.”

In the report, Parks Associates analysts recommend that developers and service providers account for these standard platforms when designing new digital entertainment services.

Parks Associates will discuss next-generation video services at the CONNECTIONS™ Europe Summit, taking place August 29, 2008, in Berlin, Germany. The Summit will feature panel discussions on “The Evolution of Video Devices” and “Visual Networking and TV 2.0,” among other topics. Sponsors include Cisco Systems, Enure Networks, F-Secure Corporation, MoCA™, support.com, WirelessHD and Zilog. Visit www.connectionseurope.com for more information.

Digital Media Habits II is a study of media trends in the U.S. and Canada.