February 28, 2018, BRIDGETOWN, Barbados – Streaming services, some with up to 140 million users worldwide, have revolutionised the business of music. Yet despite the earning potential these services present for industry practitioners – writers, publishers, performers and producers—the Caribbean Region has been slow to cash in.
Aiming to better help music industry professionals take advantage of this boom, the Caribbean Development Bank (CDB), in July 2016, commissioned a feasibility study and action plan for the digitalisation of Caribbean music, to enhance understanding of its effect on the music industry.
A team of Regional and international consultants met on February 21 and 22 in Barbados with industry insiders to present the study’s key findings, and discuss how best to develop and expand the Caribbean’s music industry. The two-day session, which also included a training component, focused primarily on digital and live music, and included discussions on mainstreaming participation in the industry by women. Overall, the number of women participating is low, and their roles are often limited to lower earning opportunities, such as performing.
“We need more women in publishing and producing,” said industry expert Erica Smith, one of the regional consultants who presented at the two-day workshop.
Caribbean Development Bank
The Caribbean Development Bank (CDB), is a regional financial institution which was established by an Agreement signed on October 18, 1969, in Kingston, Jamaica, and entered into force on January 26, 1970. The Bank came into existence for the purpose of contributing to the harmonious economic growth and development of the member countries in the Caribbean and promoting economic cooperation and integration among them, having special and urgent regard to the needs of the less developed members of the region (Article 1 of the Agreement establishing CDB). In the Revised Treaty of Chaguaramas, the CDB is recognised as an Associate Institution of CARICOM