Music: Too Expensive to Be Free, Too Free to Be Expensive
Cats: Music Business|
By: Philip Newman
Streaming, once toted as being the solution to lost profits suffered by music piracy, seems to be stumbling in picking up the slack.
As documented by Wired, most ad-supported “freemium” streaming music services are struggling to keep up payments to labels for use of their music.
Someone needs to figure out a way to make this profitable, and fast.
MySpace, rumored to be on the verge of purchasing the free music streaming site imeem, is struggling to keep up with its own payments to music copyright holders, according to a top News Corp executive — a problem that has plagued every other licensed free music service.
The digital music doubters could be right with the contention that advertising revenue can’t cover the costs of licensing music. Meanwhile, illegitimate free music sources continue to proliferate, rendering paid music subscriptions irrelevant for most music fans.
From Wired
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November 20th, 2009 at 6:30 pm
This is a must read! RT @jamespew: Music: Too Expensive to Be Free, Too Free to Be Expensive http://ping.fm/vma1h
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November 20th, 2009 at 2:37 pm
Music: Too Expensive to Be Free, Too Free to Be Expensive http://ff.im/-bLCcX
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November 20th, 2009 at 7:33 pm
RT @JamesPew: Music: Too Expensive to Be Free, Too Free to Be Expensive http://ping.fm/vma1h
This comment was originally posted on Twitter
November 20th, 2009 at 3:33 pm
[...] This post was mentioned on Twitter by Fernando Fonseca and Rob Michael, John Hartley. John Hartley said: RT @JamesPew: Music: Too Expensive to Be Free, Too Free to Be Expensive http://ping.fm/vma1h [...]