The Key To Making Free Music Services Work
In a previous post I explained how free music services such as Spotify were making premium rental services such as Rhapsody and Napster increasingly irrelevant. Why pay $9.99 for unlimited on demand streaming music when you can get it for free? It seems that Warner Music’s chief executive Edgar Bronfman Jr. has had enough, stating that “free streaming services are clearly not net positive for the industry” and adding that WMG will no longer license to such services.
Such a stance is both understandable and also flawed.
Services like Spotify and YouTube are crucial tools in helping the music industry transition from the 20th-century distribution business of selling units, to the 21st-century paradigm of monetizing consumption. On-demand, access-based services will be the foundation stone of the 21st-century music business…to read the full story go to Paidcontent.co.uk
Other Readers also Read:
Is Apple’s Walled Garden Sustainable?
First Look: Spotify’s on TV, but it still Needs Partner Deals
Trying to Get a Bite of the Apple
The Ongoing Devaluation of Music
Site Review – MOG Music Streaming Service
Related posts:
- We7 Trying Premium Subs As Question Hangs Over Free-With-Ads
- The Free Streaming Bandwagon
- Why ad-supported music won’t work: blame the brands!
- Rock Icon Ahead of Curve in Predicting P2P Services Back in 1980s?
- Free Isn’t Working, What’s Next?
Posted by Mark Mulligan
on Feb 18 2010. Filed under Business Models, featured.
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