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 35: Kevin Smith On How To Be Yourself And Make A Living
- Techdirt Podcast Episode 33: Reddit And The Challenges Of Building A Business Out Of A Community
- Top RIAA Exec: There's No More Music In Africa And The Middle East Because They Need Stronger Copyright
- Kickstarter Still Setting Records Despite Everyone Wanting Everything For Free
- Sell Features, Not Songs