Strange claims... Especially since BPI Chairman Wadsworth recently had the following to say in an interview:
According to Wadsworth, the future business model of this industry might not be based on transactional music sales for much longer. In the space of a year, the proportion of income derived from other sources – live gigs, merchandising, advertising, digital licensing, broadcast – has grown from £121.6m (11.4% of total revenues in 2007) to £195m (18% of the total in 2008).
"The industry is moving from a transaction based business to a usage and licensing business," says Wadsworth.
Freemium works either way. Just yesterday I downloaded an EP for free and after listening to it, I decided I really needed the high quality 320kbps (or FLAC) version of it, which was just two dollars.
At such a price, it cost so little mental energy to decide if it was worth it... I just got it immediately :-)
Of course smaller bands are dealing with very different scales, that's why in the foreword I included a link to Trent Reznor's advice for beginning bands (and what he would do if he were starting out now). You can find this advice here:
http://forum.nin.com/bb/read.php?30,767183
Thanks for blogging about this, Mike! Glad you liked it.
I hope the so-called 'problem owner' of my thesis' topic will apply the recommendations in my thesis when it's done and show how to use the web to your advantage, instead of spending resources on fighting it. Then I'll have a sixth case study to add... :-)
Yeah, there's a lot to consider. I would have loved to write about this using a broader scope, however, that wouldn't be very convenient for my thesis. So for now, this is it.
When I finish the thesis I hope to have the time to diverge a little bit, because there are interesting things going on.
If you haven't read it, I can really recommend the book 'Free' by Chris Anderson (editor-in-chief of Wired). It's a very fascinating read and much broader.
Maybe there are some books or good papers out their regarding publishable content and how business models should adapt to the rules the reality of new media has created... and maybe Mike can point us to them ;-)
Actually, I thought about this a long time ago, because I distribute my DJ sets, that I also post on soundcloud and offer for download on my DJ homepage, via The Pirate Bay and Mininova.
They are great channels to reach a lot of users who are not on Soundcloud and not following my site.
I'm from The Netherlands and when I heard about these guys suing The Pirate Bay and Mininova, I immediately started worrying about how I was going to reach the audience if these sites were indeed shut down.
Knowing the internet though, this repression will of course create a higher demand for innovation and will create even better and easier ways to distribute musical content to big groups of people.
Still, it's a shame that artists, even the progressive ones, are (indirectly) paying an organisation to fight technology.
On the post: Dutch Collection Society Looks To Charge Bloggers For Embedding YouTube Videos
Re: PA systems next?
On the post: That Whole Watch An Ad To Get Content Thing? Patented... And The Patent Holder Has Been Suing
Re: Sue the USPTO
On the post: BPI Unhappy With Techdirt, Seeks To Correct The Record... But Still Gets It Wrong
On the post: BPI Unhappy With Techdirt, Seeks To Correct The Record... But Still Gets It Wrong
Strange...
According to Wadsworth, the future business model of this industry might not be based on transactional music sales for much longer. In the space of a year, the proportion of income derived from other sources – live gigs, merchandising, advertising, digital licensing, broadcast – has grown from £121.6m (11.4% of total revenues in 2007) to £195m (18% of the total in 2008).
"The industry is moving from a transaction based business to a usage and licensing business," says Wadsworth.
Taken from here: http://www.independent.co.uk/news/media/online/the-music-industrys-future-may-not-depend-on-charging -for-songs-1794161.html
On the post: Dean Singleton: Please Explain How Charging For Something Magically Gives It Value
Re: Well, kinda it does ...
Giving away for free what others can easily share (like MP3s) might actually work better than giving away what cannot be shared (as a business model).
On the post: A Song For Lily Allen... And A Little Conversation
Re: Dan Bull
This song should be in the charts!!!
On the post: Best Practices In Online Promotion Of New Music Offerings
On the post: Around The Globe, Entertainment Industry Pisses Off Fans Promoting Content
Israel puts up more walls?
;-)
On the post: Best Practices In Online Promotion Of New Music Offerings
Re:
Whether it's tasting, seeing the house/apartment on the inside, trying on the clothes, etc.
I think that's where (s)he was getting at.
On the post: Best Practices In Online Promotion Of New Music Offerings
Thanks!
I hope the so-called 'problem owner' of my thesis' topic will apply the recommendations in my thesis when it's done and show how to use the web to your advantage, instead of spending resources on fighting it. Then I'll have a sixth case study to add... :-)
On the post: Best Practices In Online Promotion Of New Music Offerings
Re: Oh, so close!
Yeah, there's a lot to consider. I would have loved to write about this using a broader scope, however, that wouldn't be very convenient for my thesis. So for now, this is it.
When I finish the thesis I hope to have the time to diverge a little bit, because there are interesting things going on.
If you haven't read it, I can really recommend the book 'Free' by Chris Anderson (editor-in-chief of Wired). It's a very fascinating read and much broader.
Maybe there are some books or good papers out their regarding publishable content and how business models should adapt to the rules the reality of new media has created... and maybe Mike can point us to them ;-)
On the post: How Performing Rights Groups Funnel Money To Top Acts And Ignore Smaller Acts
I wonder if artists start suing these organisations would bring about more change than these organisations suing the fans of said artists.
On the post: Label That Embraces BitTorrent Upset About Lawsuits Against Useful Services
They are great channels to reach a lot of users who are not on Soundcloud and not following my site.
I'm from The Netherlands and when I heard about these guys suing The Pirate Bay and Mininova, I immediately started worrying about how I was going to reach the audience if these sites were indeed shut down.
Knowing the internet though, this repression will of course create a higher demand for innovation and will create even better and easier ways to distribute musical content to big groups of people.
Still, it's a shame that artists, even the progressive ones, are (indirectly) paying an organisation to fight technology.
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