Instantly delete email threats for Office 365 » Free Offer
Welcome Guest | Sign In
ECTNews.com
Deliver winning CX every time
E-Commerce Times TechNewsWorld CRM Buyer LinuxInsider
Discussions

E-Commerce Times Talkback

 
ECT News Community   »   E-Commerce Times Talkback   »   Re: Online Music Takes the Long Way Home



Re: Online Music Takes the Long Way Home
Posted by: Paul A. Greenberg 2001-10-15 18:38:56
See Full Story

By now, observers of the various e-commerce markets can see what business models work
online and which do not. Online travel sites? Check. Online bookstores? Check. Online
music? At first glance, no. But guess what? Check.


Re: Online Music Takes the Long Way Home
Posted by: E. H. Munro 2001-10-16 14:14:55 In reply to: Paul A. Greenberg
It is not a surprise to see the new economy and the old economy reach an agreement on electronic trading of music. As I have myself noted in stories dating back a year, it was inevitable. Economics dictated that the music cartel would look to maximize profits by charging more for less. Digital data transferred across a network is less expensive than CD, so the big five would push for it, but under circumstances that they could control.

In the end, the music companies' offerings change nothing, crippled files distributed electronically help neither consumer nor artist, only the distributor. It may make online music fly temporarily, but what is the long term effect of overpriced inferior products on the market? With a field that is tilted (by law) in favour of the entertainment conglomerates over the rights of the consumers, smaller distributors and the actual authors of creative content, what does the future hold?

It is, perhaps, time for artists to consider their own alternative, one that seeks to ally the interests of the consumer to those of the creator. Electronic distribution does eliminate hurdles to market entry, and a digital distribution network has the potential to eliminate the necessity for the major music label cartel.

Jump to:
How important is social media to the success of your business?
Highly -- Social media is essential to our business model.
Somewhat -- We do see benefit from social media, but without it our operations would continue.
Minimally -- We're on social media because that's expected, though it's influence on our success is negligible.
Not at All -- Social media is not useful to our business.