Polyphonic Hmi: Mixing Math and MusicJoin now to read essay Polyphonic Hmi: Mixing Math and MusicExecutive Cover MemoSubject: Polyphonic HMI: Mixing Math and MusicThis is to recommend that Hit Song Science should market its product and services to record labels attempting to catch a larger share of the market.BACKGROUNDPolyphonic HMI is preparing to launch Hit Song Science, which analyzes the mathematical characteristics of music compared to past music hits, making it possible to determine a song’s hit potential. Music characteristics can be analyzed by math such as melody, tempo, pitch, rhythm, etc. because hit songs have common mathematical properties. Polyphonic’s Hit Song Science could be valuable for three target markets: record labels, producers, and unsigned artists. There are benefits to marketing HSS to all three markets. Once a decision is made on the target market, a suitable marketing plan will need to be developed.
Categories: Music Publishing, Polyphonic HMI, Media, Music Marketing, Music Music Review
Categories: Music Publishing, Polyphonic HMI, Media, Music Marketing, Music Music Review
RECOMMENDATIONPolyphonic should target Hit Song Science to record labels. Universal’s North American market share is so dominant that other record labels including EMI, BMG, Sony, Warner, and the Independents are dwarfed in comparison. This leaves a large market for Hit Song Science’s services. Polyphonic will have a selling price of $150 per song, or $1500 per ten-song album. HSS will be promoted as a commitment to success.
NEXT STEPSPolyphonic now needs to review the A&R Registry that they have acquired and start getting in contact with the A&R people at the major and independent labels. Once they have made contact with the record labels, Polyphonic then needs to start promoting HSS to them. If it is necessary, free trial offers and price discounts will be offered.
Table of ContentsSituation Assessment…………………………………………………………………………1SWOT……………………………………………………………………………………………15 C’s………………………………………………………………………………………………2Defining Problem/Decision Area………………………………………………………………3Identification and Evaluation of Alternatives…………………………………………………3Recommended Course of Action……………………………………………………………….64 P’s………………………………………………………………………………………………7Overall Evaluation………………………………………………………………………………8Table A………………………………………………………………………………Appendix AMath……………………………………………………………………………….…Appendix BSituation AssessmentPolyphonic HMI has a new product in the well established, huge music industry. Mike McCready, CEO is hopeful he can help the industry by predicting what songs will potentially be hits and which songs should be dumped using science and math. First an analysis of SWOT and the 5 C’s will give Mike some information to consider.
Strengths:4 of the 5 top managers have Ph.Ds in math, physics, and engineering.Polyphonic is a subsidiary of Group AIA, a company that has expertise in artificial intelligence and natural sciences.3 top managers and the advisory board have a background in