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> Music does have monetary value. The market says otherwise. People are willing to pay almost nothing for music, even risking huge penalties, because it does h
by MatthewPhillips 15y ago
> Music does have monetary value.
The market says otherwise. People are willing to pay almost nothing for music, even risking huge penalties, because it does have value (the other types you listed). Just not monetary.
- bluekeybox 15y agoAll types of value can be monetized; the only trick is how. So unless music has no value whatsoever (which would be absurd, since no one would bother making it in that case), it can be monetized.
- jarek 15y agoDoes putting ads on a torrent site count?
- bobwaycott 15y agoThis is absolutely disgusting. Value != money. What a sad bit of reasoning. Monetizing destroys value. The value of music and other arts has nothing to do with how well or poorly it is monetized.
- bluekeybox 15y agoWhether monetization increases or decreases other kinds of value is a topic for a different discussion; the only thing I said was that all types of value can be monetized.
- bobwaycott 15y agoAnd as such, the assertion is still wrong, imo. Not all types of value can be monetized.
- deleted 15y ago[deleted]
- chii 15y agothey are risking "huge" penaties not because the value of music is zero, but because the chance of getting caught is next to zero. risk = penalty * chance of getting caught If there is a no risk way of getting something which otherwise has to cost you money, you'd do it. Hence piracy.
- InclinedPlane 15y agoSo tens of billions of dollars in sales per year for music is "almost nothing"? By such logic Amazon.com and google "almost" don't exist at all.
- burgerbrain 15y agoConsidering nearly every single person on the planet listens to music of some sort, I would assert that that number really is rather small.
- InclinedPlane 15y agoThat number only includes sales of music online in the US. If you add in global sales, CDs, concert attendance, etc. then you get a far larger number. At no point is that number "almost nothing" though. Hundreds of billions of dollars is more than enough to finance the global music industry and provide a generous living for all of the world's musicians.
- burgerbrain 15y agoWikipedia has physical music sales in the top 20 countries at a mere 12 Billion total. Where are you getting your numbers? I am not seeing any numbers anywhere that would suggest anything near plural hundreds. Also note that you are comparing an entire industry to individual technical companies.
- aaronbrethorst 15y agoThat's funny, I recently paid $120 for two tickets to see Death Cab for Cutie perform songs live that I've heard a thousand times before on my computer. (I've seen them live probably 7-8 times, and have likely shelled out something around $600-700 total for the privilege. Music absolutely has monetary value.)
- deleted 15y ago[deleted]
- tehjones 15y agoNo you have just demonstrated that a performance has monetary value. If you had gone to see them and they had only played covers your enjoyment would likely be similar.
- lt 15y agoYou're paying for the performance. You wouldn't pay that just to hear the studio songs be played over the amps. And I guess you'd be fairly satisfied even if they only played songs you haven't heard before.
- deleted 15y ago[deleted]
- sp332 15y agoSo you pay almost nothing (on average) to listen to the music, but you pay hundreds for other things.
- chunkyslink 15y agoNot true. I collect music and pay for it 2 or 3 times a week.
- ptmx 15y agoIn this case, observing the actual spending practices of people can only set a lower bound on willingness to pay. If you're obtaining something for free, it certainly doesn't preclude you from being willing to pay for it as well. The fact that people spent significantly more on music (per capita) in the past[1] -- when it wasn't nearly as easy to obtain music for free -- suggests that how much people are currently paying is probably a poor measure of their willingness to pay. [1] http://www.businessinsider.com/these-charts-explain-the-real-death-of-the-music-industry-2011-2 http://www.businessinsider.com/these-charts-explain-the-real...