97. How to Scale, Adapt, and Win in a Broken Market | Rio Caraeff

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What childhood experiences shaped Rio’s passion for music and technology?

James Reed 0:00
Welcome to All About Business. With me, James Reed, the podcast that covers everything about business, management, and leadership. Every episode, I sit down with different guests that bootstrapped companies, masterminded investment models, or built a business empire. They're leaders in their field, and they're here to give you top insights and actionable advice so that you can apply their ideas to your own career or business venture. AI is transforming the music industry. But who owns the data, the lyrics, and ultimately the value behind the songs we listen to every day? Today on All About Business, I'm joined by Rio Caref. Co-president of Musics Match, the company helping power music attribution, lyrics and rights management at global scale.
James Reed 0:54
In this episode, we discuss the hidden infrastructure behind the music industry, how AI is changing the way music is discovered and monetized, and why the future of music may depend as much on data as creativity itself. Well today on All About Business, I'm really delighted to welcome Rio Caraf, who's traveled all the way from Austin in Texas to talk to me today. Thanks so much for coming, Rio.
Rio Caraeff 1:21
Thank you for having me.
James Reed 1:22
It's a real pleasure. Rio's the co president of Music Match, a global lyrics and music data platform. So you know a lot about music and tech
Rio Caraeff 1:32
Yeah, it's been about thirty years, you know, I've been in music and tech and uh since about nineteen ninety three. So so so what yeah, R
James Reed 1:40
what what first attracted you to that space? This intersection of music and technology.
Rio Caraeff 1:44
I'm always uh Yeah, you know, you always I always like to go back and say, you know, yeah, what are the deep psychological reasons, you know, that you're attracted to such a irrational and illogical and crazy you know business. Well that's an
James Reed 1:56
interesting question.
Rio Caraeff 1:57
Why what is that? And I think that, you know, the honest answer is my my father, you know, was in the music business uh from nineteen sixty seven to nineteen eighty three. Right. And he was uh you know, basically became a very famous rock and roll photographer. Right. And when he was seventeen years old, just a kid in school in nineteen sixty seven, uh he went up to a rock concert in Monterey. California and he was just, you know, no no credentials, no backstage pass. Uh seventeen year olds seventeen year old, you know, high school kid and uh went to the Monterey pop and jazz, you know, festival standing on his seat taking pictures. Seventeen year olds montre.
Rio Caraeff 2:37
And he shot a photo of Jimi Hendrix uh lighting his guitar on fire, which became a very famous, you know, photo. Yeah, I know it. Yeah, I know it. I was just thinking that's where that happened. I was just thinking that's where that happened on the cover of uh Rolling Stone, you know, two or three times, you know, Life magazine. Right. And so your dad took that picture at the age of seventeen. He did, yeah. He did, yeah. He was not a professional. He was just a kid. You know, and that's you know, all the professionals were on stage and they got the same photo, but you know, from the side. And that's Right. Right. And he was, you know, just a kid on his standing on his chair, and he got the frontal, you know, the full frontal shot.
Rio Caraeff 3:08
The full frontal shot. The best shot. The best shot. Uh huh. And also it I find it interesting. Interesting. Remember before digital cameras, there was just 32, you know, shots on the roll, you know, film. Yeah. And it was the last shot on the roll. It was the 30-second shot. And so that, you know, things moved a little slower than. So it wasn't like, you know, he instantly became, you know, a big photographer. A big th It took a couple of years. Um, but that that essentially ignited his passion for rock and roll photography. And then that became later, you know. A famous photo and In nineteen eighty seven, Uh, you know, 20 years later, uh Jan Venner, the the founder of Rolling Stone, uh called it the most famous rock and roll photo of all time.
Rio Caraeff 3:49
Uh but basically from 1967 to 1983, uh he photographed, uh art directed, designed, and produced, you know, nearly a thousand uh rock and roll uh album covers.

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