New Music Economy might be one of the latest phrases / theories / collection of thoughts to describe the contemporary situation of the music business. It bares nothing new. But it put together an array that crystalize the view on how the music business function today. It's still a work in progress and the idea is to develop the theory in a Wikipedia article! So read, think and take part.
The broad definition as it looks today (May 13 2008):
"New Music Economy is the incorporation of technology into music industry business ...Read More
One of Sweden's foremost record labels, Service, announced they'll try a new concept to finance its releases. In a newsletter they write that they've analyzed the current state of the music business and, correctly, found that the technical revolution we recently have undergone is somewhat problematic. They also claim that Swedish pop music has lied fallowed. To compensate that and try something new in digital music distribution they announce to release five new artists and to launch a subscription idea called "Coop".
The idea:
- You get all new Service releases ...Read More
The streaming music service startup Sonific will be temporarily down by May 1. Gerd Leonard, who is a prominent music and media futurist and CEO of the company, writes:
"The bottom line is that this industry is certifiably dysfunctional and that we do not see a plausible path to take at this time. We neither want to engage in so-called copyright infringement nor do we have millions of dollars available to buy our way in when it is abundantly clear that doing business under the existing rules of the major labels ...Read More
Today the Swedish newspaper Sydsvenskan published a survey where they've asked 100 musicians what their attitude to file sharing is. The article is pointing out how absent musicians are in the arousing debate. It's a good point. And I think it's a part of the problem - or at least a part of the solution. It's obvious that the present and the future, more than the past, is focused around music and musicians.
The Sydvenskan poll showed that 38% want to legalize all file sharing and, on the contrary, that 59% ...Read More
Financial Times is reporting that Apple want to do deals with record labels to sell "all you can eat" subscriptions with their iPods. That's similar to the deal that Nokia did with Universal last year. One deal and at least one desire to a deal – smells like a trend to me.
"Detailed market research has shown strong appetite among consumers for deals bundling music in with the cost of the device, or in exchange for a monthly subscription, executives said."
No shit! The first thing you want to do with ...Read More
