by Mike Masnick
Mon, Oct 8th 2007 8:09pm
Every time we talk about the economics of the entertainment industry, someone accuses us of not suggesting any alternative business models. However, we actually have suggested other business models all the time, while showing how other musicians have succeeded in embracing new models to make money while giving fans reasons to pay. Of course, part of the confusion is that many musicians are using slightly different business models to make this work -- which is exactly how it should be. No one is saying that all musicians are going to find that any particular business model works, but there are a number of different business models that all involve using the music to make other (scarce) things more valuable and worth paying for. Reader alex points us to a column from Pitchfork Media that has a bunch of other business model suggestions, mostly focused on giving people a reason to pay, rather than just complaining that they won't pay. Once again, it's important to remember that "free" isn't the business model -- but it's an important part of any business model involving infinite goods.
If you liked this post, you may also be interested in...
- Techdirt Podcast Episode 6: Should Kids Be Forced To Learn Coding? Or Economics? Or Stats?
- The Nasty Patent Games Drug Companies Play To Stop You From Getting Cheaper Drugs
- Ride Sharing Services Lead Taxi Medallion Values To Plummet (And That's A Good Thing)
- DailyDirt: Healthcare Nightmares
- If You're Going To Complain About Spotify Payments, At Least Understand A Little Economics First