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Topic History of: Why is the music industry dying?
Max. showing the last 5 posts - (Last post first)

Author	Message
Metal Mickey	Todd Rundgren makes an interesting point that until the wax cylinder came along, musicians made their money by playing live, receiving commissions and from patronage... which now seems very much like the future. Perhaps the idea of "owning" music has been the anomaly all along, and we're now heading back to normality...?
Sid Ferocious	Lots of unpolished turds crowding out the (music industry's) polished turds perhaps?
Jaded and Bored	Dixie you have hit the nail on the head. vinyl, CD, downloads, cassettes, 8 track cartridges are all niche products. On demand streaming will evolve and evolve. I dare to say an open format will emerge that will once and for all enable DIY streaming. It exists right now but the main problems now are stream quality and consistency. However the industry are making a huge mistake. By not offering their own managed solution they are forced to kow tow to Spotify, Google and Apple. Heck we have not even learned from the Apple debacle. What we need is a portal that offers all music with good quality an open source format agreed by the majors, indies and independents. This protocol will set the parameters for streaming and will be we based so we don't need separate software to access it and can be direct driven or licensed. Rights holders can then sell physical products such as CDs and other new formats for fans. This can then be monetized easily and a statutory stream rate of 1c per stream be mandatory around the world. Also licensing from the rights holders should be easier and low cost therefore enabling individuals to licence for Facebook and other social media sites. $10 should be the minimum and you can then set up your own streaming service and pay rights holders their share. Sigh! It's so obvious but will we do it? No!
DJones	. Once access is close to 100% (in cars, on mobiles, TV/PCs/Entertainment modules in homes), then the majority of music that people listen to will not be owned by the listener. When was the majority of music that people listened to owned by the listeners? Weren't record buyers (people who bought more than two or three albums per year) always a minority? Most people were always perfectly happy with (passiv) access to music (via radio and later TV). There might be a market for paid access to music. But how big will it be? It will be what people chose to listen to that will count. And how many people are really interested in new music? The most played music on these new platforms will be old music. Old acts will rule (like they rule the concert business). Maybe Apple (and / or Google) will pay higher rates when they establish their own streaming and / or on-demand-services. But for how long? What will happen when they dominate this new market? Isn't the power Apple already has bad enough?
dixie	But there is a audio RECORDing industry! Perhaps I should say Audio Industry. I also consider a "Music Industry" exists. It is everybody who makes a living, from artists, writers (of songs), musicians, the creative people and the business people who are involved in getting music from the musician to the listener who can be considered part of it.