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While there are very few hard facts in the article to support his claims, I tend to agree. The current business models for music start-ups do not work. That be
by dtap 18y ago
While there are very few hard facts in the article to support his claims, I tend to agree. The current business models for music start-ups do not work.
That being said, music industry executives are not as dumb as we see them. The music industry has a hold on America that is not going to fall soon. The industry is pushing artists to sign 360 degree contracts so that record labels do not rely solely on record sales. This will encourage distribution of free music in order to increase tour sales which record companies are mostly cut out of. This will make the ultimate surrender date a change of model, not a killing of the industry.
The venture industry is out now because they realized that the record companies control the market and aren't too eager to give others control of their product.
- moe 18y agoI think the music industry is (understandably) clinging to their last straws these days. Piracy and the total loss of their prior, insane profit margins on physical media are draining them fast. Nonetheless their current "parasite" model can prevail as long as they control the broadcast channels. But technical progress should mostly do away with that, too. It just takes time. Eventually car-radios will begin to support recommendation-based IP streams (ala last.fm) in addition to the current pre-select. I expect that to become the tipping point from where the consumers will gradually reverse the mainstream (from top-down to bottom-up).