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> <channel><title>Comments on: Music Industry Thoughts</title> <atom:link href="http://www.ghacks.net/2008/01/05/music-industry-thoughts/feed/" rel="self" type="application/rss+xml" /><link>http://www.ghacks.net/2008/01/05/music-industry-thoughts/</link> <description>A technology news blog covering software, mobile phones, gadgets, security, the Internet and other relevant areas.</description> <lastBuildDate>Sun, 12 Feb 2012 03:50:55 +0000</lastBuildDate> <sy:updatePeriod>hourly</sy:updatePeriod> <sy:updateFrequency>1</sy:updateFrequency> <generator>http://wordpress.org/?v=3.3.1</generator> <item><title>By: VintageP</title><link>http://www.ghacks.net/2008/01/05/music-industry-thoughts/comment-page-1/#comment-231802</link> <dc:creator>VintageP</dc:creator> <pubDate>Sun, 06 Jan 2008 13:53:13 +0000</pubDate> <guid
isPermaLink="false">http://www.ghacks.net/2008/01/05/music-industry-thoughts/#comment-231802</guid> <description>Yes, the business model is outdated. The industry thrived for decades selling a physical product. This is now a virtual product given the characteristics of the Internet.
The problem for the industry is the physical product has a much higher profit margin due only to scarcity. You can only get it in a physical form from them.
Digital (virtual) music does not have the limitations of the physical product as you do not need a distribution system; it is already there and called the Internet. Since digital is ubiquitous, they cannot charge a scarcity premium.
Thus, the industry is left with defending what is still a cash cow until they can figure out an alternative.
Music is still a unique product, just with low distribution costs. They have to find other ways of profiting from the unique product other than a scarcity premium.</description> <content:encoded><![CDATA[<p>Yes, the business model is outdated. The industry thrived for decades selling a physical product. This is now a virtual product given the characteristics of the Internet.</p><p>The problem for the industry is the physical product has a much higher profit margin due only to scarcity. You can only get it in a physical form from them.</p><p>Digital (virtual) music does not have the limitations of the physical product as you do not need a distribution system; it is already there and called the Internet. Since digital is ubiquitous, they cannot charge a scarcity premium.</p><p>Thus, the industry is left with defending what is still a cash cow until they can figure out an alternative.</p><p>Music is still a unique product, just with low distribution costs. They have to find other ways of profiting from the unique product other than a scarcity premium.</p> ]]></content:encoded> </item> <item><title>By: Josh</title><link>http://www.ghacks.net/2008/01/05/music-industry-thoughts/comment-page-1/#comment-231378</link> <dc:creator>Josh</dc:creator> <pubDate>Sun, 06 Jan 2008 00:01:04 +0000</pubDate> <guid
isPermaLink="false">http://www.ghacks.net/2008/01/05/music-industry-thoughts/#comment-231378</guid> <description>Being a musician this has been well known.
but why stop selling CD&#039;s when they still sell??
the other option that has come into place is the USB stick. some artists have sold their recent albums as a USB stick format. and why not? its digital, but you still get the physical object when you buy. (which people still want.)</description> <content:encoded><![CDATA[<p>Being a musician this has been well known.</p><p>but why stop selling CD&#8217;s when they still sell??</p><p>the other option that has come into place is the USB stick. some artists have sold their recent albums as a USB stick format. and why not? its digital, but you still get the physical object when you buy. (which people still want.)</p> ]]></content:encoded> </item> <item><title>By: Quasimodo</title><link>http://www.ghacks.net/2008/01/05/music-industry-thoughts/comment-page-1/#comment-231007</link> <dc:creator>Quasimodo</dc:creator> <pubDate>Sat, 05 Jan 2008 13:36:53 +0000</pubDate> <guid
isPermaLink="false">http://www.ghacks.net/2008/01/05/music-industry-thoughts/#comment-231007</guid> <description>This all has been said for the last 10 years over and over and over again.
The fact is, the music industry DOES NOT LISTEN.
They literally go over corpses to enforce their outdated business model on the world, no matter the collateral damage (privacy, democracy, freedom, due course of justice).
Conclusion, they DESERVE to die.
Let them ...</description> <content:encoded><![CDATA[<p>This all has been said for the last 10 years over and over and over again.</p><p>The fact is, the music industry DOES NOT LISTEN.</p><p>They literally go over corpses to enforce their outdated business model on the world, no matter the collateral damage (privacy, democracy, freedom, due course of justice).</p><p>Conclusion, they DESERVE to die.<br
/> Let them &#8230;</p> ]]></content:encoded> </item> </channel> </rss>
