The music industry is about to embark on a new chapter as publishers are ready to take a leap of faith in the industry.
The Nashville Music Publishers Association (NMPA) announced Wednesday that it has launched a new company called Essential Music Publishing, a new label for Nashville musicians.
NMPA says it plans to sell music from artists like Dolly Parton, Alicia Keys, and Tame Impala.
The company will also have a presence in the United Kingdom, Ireland, and Germany.
Essential Music is expected to launch later this year.
The move comes as the music industry grapples with the fallout from the music streaming and download epidemic.
According to the Recording Industry Association of America (RIAA), nearly 30 million U.S. households have lost at least $300 to $500 in music purchases in the past year.
The RIAA says more than 10 million of those losses are attributed to music streaming, while many of the losses are due to downloads.
The industry is also struggling to find new revenue streams, especially with consumers shifting away from traditional pay-per-download services like Spotify and Pandora.
Music publishers say they want to be the first to bring digital content to consumers and create an ecosystem that allows them to grow and thrive in the new era of digital music.
While the music business is in the midst of a creative renaissance, some industry leaders are worried that digital music could create a backlash against artists and musicians.
In addition to the streaming explosion, artists and songwriters are finding it difficult to make a living in the digital age, even after their albums have been released.
In recent years, there have been several high-profile cases of songwriters and artists being forced out of the industry over alleged copyright infringement.
Some artists have been forced to move on and release new music in a bid to avoid being sued.
Amber Smith, an independent producer who is also the president of Nashville Music Publishing and has worked with many of these artists, said the Nashville industry is a great place to start a new venture with the goal of making a living.
Smith, who is from Nashville, was born in Texas and raised in the Nashville area.
She says the music scene in Nashville has always been very inclusive.
The area has always had a strong artistic scene.
She also said the new label is a good place to put Nashville music in context, to understand the industry and to create a better understanding of the music in the city.
Smith said her goal is to bring quality music to consumers that are willing to pay for it.
She said she doesn’t want to make money by producing the music and hopes that she can help bring a different vision to Nashville.
The new label will be run by Smith and co-founder Dan Gurney, a Nashville native who started his career at the age of 17.
They have a new, creative approach to music publishing.
According in an article in the New York Times, the new company will have a “high-level, creative leadership team.”
The Nashville label will also offer musicians a chance to share their work in a way that allows people to connect with their music, the article says.
It is expected that the label will have an exclusive, on-site studio, a digital music platform and a music app that will allow consumers to listen to music in real time.
The New York Post reported that Smith is hoping that this will be the start of a new wave of Nashville music.
Smith has previously stated that her goal with the new Nashville label is to help artists and writers build a new business model that can sustain them for the long term.
She is also hoping to attract musicians who may be struggling financially.
“I want to encourage them to do something that is sustainable for their long-term success, that is going to help them sustain themselves and their career and get a foothold in this new music ecosystem,” Smith said in an interview with the New Yorker.