Music Industry Business Model
Doesn’t the recording industry realize they’re trying to hang on to what’s become an obsolete business model
Most people don’t have the room to store rooms and rooms or shelf upon shelf of compact audio discs and 12″ vinyl discs.
Also with the online explosion of digital music, it’s easier for a person to pick the music they want as opposed to buying a bunch of b side underrated music which more than likely they won’t want.
The free Napster had the largest selection of digital music files, all the others can’t even compare, even today. They should have nurtured Napster, not whine and file lawsuits.
I was thinking the same thing yesterday. That the model the music industry is following is obsolete. Why pay for a whole CD when I only like a couple of them and I can’t share and copy them anyways. There was this interesting article that I read based on research done at the MIT management school. They propose that the recording industry should use p2p sharing like a media similar to the radio. Very interesting findings.
New Music Business Model Video by JaWar
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