Music Industry: Too Greedy For Own Good (Whats new?)
The music industry is playing catch 22 with itself… or rather with anyone who actually wants to help it come out of the rut it finds itself in today.
Honestly, these dinosaurs wouldn’t know a good idea if it jumped up and slept with their wives.
Recording Industry Making It Impossible For Any Legit Online Music Service To Survive Without Being Too Expensive
You just knew it would happen again. Every time the recording industry finally agrees to license a new music service to try to take the “sting” out of “piracy,” it demands licensing terms that are ridiculous. From the execs at the labels’ perspective, unless you pay an arm and a leg, you don’t get to offer music. So, a few companies agree, and then realize it’s impossible to make any money and shut down. In the meantime, the whole point of those legal licensed music services (to compete with “pirate” sites and services) is lost entirely. Wired is chronicling how all of the legal music sites are finding it impossible to survive and offer a free music service — including MySpace music (which beyond not offering much of value in terms of user experience) “is struggling to keep up with its own payments to music copyright holders.”
Of course, it’s really no surprise that most of these sites have struggled. Beyond the ridiculously high licensing rates that the labels forced on them (often by negotiating through lawsuits), none of these sites put together a well thought-out business model. Instead, they all seemed to think that they could just slap ads on the site and…
Read the rest of the article on Tech Dirt
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- The Real Music Pirates…Rogues
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- Music Industrie’s Money Grab Backfires!
- People Who Pirate Music Never Buy Music…. Umm No
