Is The Recording Industry Starting To Understand?
from the not-yet dept
Russell Buckley point us to a report from a recording industry gathering where the writer clearly understands what's at stake to the industry, and that giving away music for free online actually opens up many, many more opportunities for them to actually sell something to users. This isn't revolutionary. It's what plenty of us have been saying for ages. All it takes is a basic understanding of economics to understand that competition is driving the price down to zero, but that just makes the music (which the recording industry mistakenly thinks is its "product") a cheaper input into something else that they will sell. For now it's the CD, but there are plenty of other options going forward. However, by making the music itself free, they expand their market and expand their opportunities. It's good to at least find out that someone who has the ear of the recording industry has realized this. Of course, it doesn't mean the industry will listen. Instead, it's likely they'll keep making backwards moves, trying to protect an obsolete business model, which will only make things worse.
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Abstract Luxuries
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Looks Like The Music Industry Decided Not To Liste
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