Now, About Those New Online Music Business Models…
Whenever someone criticises the music industry for their stubborn refusal to accept new business models (and the subsequent pressure on governments and ISPs to police the end users because the industry is not making as much money as it used to), the questions that inevitably pops up is: what are these new business models ? In fact, we’ve been highlighting them for years. Well-known artists like Radiohead and Nine Inch Nails have paved the way for a new era of music business by trying out innovative new ways to engage the consumer. Letting the consumers choose the price for an album is one model that worked ; offering goods that can be infinitely duplicated (music) for free and tying it to scarce goods (vinyl records, t-shirts, collector’s items etc.) is another.
Read the whole article on Mashable
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