have a read through the JK & Tipsheeters, very interesting indeed..
Sorry Bobby but I don't subscribe to the long tail theory, especially when it comes to music and other sectors. It's very relevent to retailers, but, not to music or music producers.
As an aside, Andersons 98% theory (i.e. no matter what you put online, someone, somewhere will show up and actually buy it) was mentioned twice on his Long Tail book's jacket and that's what stopped me buying it!
It's not exactly rocketscience to conclude that if you have an infinite amount of shelf space to sell books or cds, the low-sellers - when added together - will beat the high-sellers. How he managed to flesh that out into a full book is beyond me.
Andersons original Wired article made a big deal about 25% of amazons book sales coming from it's tail..well..I would argue that also means that 2.7% of Amazons books provide 75% of the revenue.
When you consider that the 'tail' sales are much cheaper than those made at the 'head' and 'body' i.e. they're predominantly bargain bucket sales, the theory begins to fall apart at the seams.
He also forgets the fact that the first person to buy a book or album is probably the author/band themselves.
Even your local pub band would shift 10 copies if the price is right and their families are large enough.
In other words, the long tail always existed and from a retail perspective, it makes perfect sense to have the biggest shelves known to mankind.
But from a music perspective, it actually doesn't mean much.
Rhapsody & eCast - two of the bigger music streaming companies, which are, according to Anderson, classic long tail operations - regularly report no-plays at between 20 and 30%..and rising... which debunks andersons 98% theory claims completely.
If you look at the ever expanding blogosphere or even youtube, the same is true. i.e. the vast majority of blogs/youtube producers have zero subscribers...not the other way around as anderson claims it should be.
Even youtubers with a few subscribers (part of the 'tail') are missing out on the ad revenue share by google (Google announced they will share revenue with only some, not all, youtubers recently). The likely reason is that it's too expensive to do the paperwork for those with under a certain amount of subcribers.
Which sorta rips the whole long tail theory to shreds.
In a nutshell, I think Andersons theory is true (there is a long tail) but that's not news and his conclusion (based on the long tail theory) that 'hits' are no longer important is simply bollox. Not just from a music perspective, but, any perspective.
A far more interesting read might be The Tipping Edge by Malcolm Gladwell, which delves into how social groups work and how social phenomena happen...in a way that's almost like a disease spreading virally.
In many respects, The Tipping Edge book is the complete antithesis of The Long Tail..
http://en.wikipedia.org/wiki/The_Tipping_Point_(book)