Showing posts with label business. Show all posts
Showing posts with label business. Show all posts

Thursday, July 1, 2010

VISION OF THE FUTURE?


Here is something I found. It is not a company or a business, but just something that Rick Rubin said to a journalist of the New York Times, about the way the music industry could make money:

“You’d pay, say, $19.95 a month, and the music will come anywhere you’d like. In this new world, there will be a virtual library that will be accessible from your car, from your cellphone, from your computer, from your television. Anywhere. The iPod will be obsolete, but there would be a Walkman-like device you could plug into speakers at home. You’ll say, ‘Today I want to listen to … Simon and Garfunkel,’ and there they are. The service can have demos, bootlegs, concerts, whatever context the artist wants to put out. And once that model is put into place, the industry will grow 10 times the size it is now.”

I have to agree with him. I believe that a contract-like is a good solution. But I also think that it will only be profitable once all these things are possible, meaning we will have to wait for the technology to be that performant, and also accessible to anyone, to really take advantage of such a model.

Source: THE NEW YORK TIMES

MAGNATUNE


Magnatune is an online music service which has built much of its business around the “pay what you want” model. Albums carry a low minimum price, with fans able to decide how much more to pay after that. It is an interesting concept that has been used by several websites already, but more on these later, for now enjoy the link.

Source: MAGNATUNE