Diasporic Entrepreneurship in the Caribbean - Firm Profiles.pdf Vol 2 | Page 39

Creative/Cultural Firms Location: VP Records label services are based on New York, while the Kingston, Jamaica office deals with artists and repertoire. Florida is optimized as a fulfillment center and for major marketing. Employment: VP Records currently employs 50 persons. Target Market: The three core markets are the Caribbean, Caribbean diaspora, and friends of the Caribbean, followed by reggae networks and American friends of Jamaica. The majority of the consumers of VP’s products are 25 years and older. VP Records further expressed the influence of the Diaspora by noting Tessanne Chin’s win on the show “The Voice” in 2013. While individuals living within the Caribbean could not vote due to The Voice’s official rules, journalist, Richard Johnson, noted that “with so many Jamaican and Caribbean nationals living in the United States, Tessanne would have had adequate support given the large Caribbean, particularly Jamaican Diaspora within the United States.”28 28 http://www.mtviggy.com/lists/11-reasons-why-were-obsessed-withthe-voices-tessanne-chin/ Diasporic Analysis: The Caribbean market still has a preference for physical products like CDs and DVD’s. However, with the digital evolution, the customer based has been expanding to younger audiences, who are more au fait with current technology. As a result of this new orientation, iTunes has become a key market, widening the scope for digital consumption, thereby exposing products to a mass market. VP Records is still expanding, as the company is licensing reggae bands from Japan, New Zealand, Brazil, Hawaii, and Mexico. The influence of the diaspora was depicted recently when Bunji Garlin, a Trinidadian soca artiste, topped VIP, a South Korean band, in MTV’s “song of the year” award in 2013. In a comment made by MTV, the US network outlined that Bunji Garlin’s track “Differentology” demonstrated that soca did not have to be confined to Trinidad and Tobago, or to Caribbean communities around the world; but that it has worldwide infectiousness that fits right in with the domination of electronic dance music.27 27 MTV Iggy. “Song of the Year.” . http://www.mtviggy.com/blog-posts/ song-of-the-year-runoff-vikings-vs-vips/ (accessed April 2, 2014). 39