Quote:
Originally posted by Doc
But the thing is, while people are streaming music for free on Spotify and Youtube and pirating music on the internet, people are also buying music on iTunes.
But with iTunes allowing people to just stream songs instead of buying music in the same service, now you have people streaming for free + people pirating music, but without the people also purchasing music. Good luck getting those 400K+ first week singles, Taylor.
This is just greediness resulting in backfire from how I see it.
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It's obvious that streaming will destroy traditional music sales, digital or physical.
Apple was responsible for the shift towards digital music sales, and now that the next transition is obvious, they don't have much motivation to continue riding a dying horse.
And it is obvious that streaming is the future of music and digital entertainment. It's way too convenient and way too powerful to ignore. It's so convenient that
pirating is not even worth the effort. But the music industry ****ed itself by (a) allowing people to have it for free with ads and (b) standardizing such a low price-of-entry ($9.99) for the privilege and (c) making that service all-inclusive. You'll notice that the movie industry didn't make any of these mistakes with streaming.
They're trying to correct these mistakes starting with (a), but it's hard when you've devalued your product so much.