Why Does The Music Industry Get To Protect Obsolete Business Models?
from the what's-so-special-about-them? dept
A nice commentary piece coming from Australia where someone has realized that digital technologies have radically changed a number of industries, completing undermining old business models, and those industries have overhauled and adapted, while the music industry whines that it's being killed by "pirates". The writer points out that the internet and the commoditization of hardware has forced technology companies to change their business models to ones focused on services instead of goods. While it may not have been easy, it was necessary. Yet, instead of realizing that the market has changed, the music industry sits still and tries to sue everyone for changing with the market. It's as if the music industry thinks it deserves some sort of special protection for its obsolete business model. As he writes: "So businesses adapt. Business models are modified. Processes are updated. New products and services are created to meet changing customer requirements. Or they go out of business." He suggests that until the music industry realizes that the market has shifted, we're going to keep hearing about the "decline" of the music industry for quite some time.
Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.
While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.
–The Techdirt Team
Reader Comments
Subscribe: RSS
View by: Time | Thread
No Subject Given
[ link to this | view in thread ]
No Subject Given
[ link to this | view in thread ]
Re: No Subject Given
[ link to this | view in thread ]