10-20-2003, 11:27 PM
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WebProWorld Veteran
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Join Date: Aug 2003
Location: India
Posts: 430
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The Music Industry at large
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Originally Posted by Brittany
Getting back to the other question at hand -- "Is iTunes the Future for Music?" -- As flood6 mentioned, the competition is fierce. It will be interesting to see how the re-launch of Napster goes, and whether that shapes the future for other programs such as KaZaA... Online music has had a strong past, and it could have an even stronger future.
What do you think? Did Apple miss their chance?
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Napster did create ripples in the US$35 billion music industry, when it launched its service. Now, the music industry is reacting to what Napster and its clones have done to them. All the onlline music companies (projected at US$7 billion by 2005) are just trying to "define a new business model". And the recording companies, like all major companies do, are trying bet on any solution offored to them. I see the online music effotrs like the relaunch of Napster, iTunes etc,. are just trying to come out with solution .... but not the complete solution.
Remember why Napster was a huge success? it gave us "100% free" and "100% owned" music. But, none of the business models offer the same level of service.
Where are we heading now? I still foresee another solution thats 100% free and 100% owned. This discussion is going to continue till we see such a solution
Did i go a bit off track? .... |