by Mike Masnick
Thu, Feb 3rd 2011 3:18pm
One of the more frustrating things about watching people declare certain things as "fact" in the tech world is the failure to recognize the rate of change and trends as they go. For example, for years, people dismissed the idea that music on YouTube could effectively be monetized if it was available for "free." And yet, now YouTube is noting that free music can actually pay just as well as paid music services, and the trend certainly suggests that the money from the free music on YouTube is growing much faster in its earning potential than any paid service. Of course, how long will it take for the major record labels to recognize this. Warner Music has already declared that it won't do any more free streaming deals. On top of that, the rumors about both Spotify and Google Music in the US have all been about how the labels don't want to allow much free music to be offered. How many times does it need to be explained to record label execs that "free" does not necessarily mean "no money," and when done correctly, it can actually mean "more money."
If you liked this post, you may also be interested in...
- Awesome Stuff: Don't Miss Our New Takedown T-Shirt/Hoodie!
- Netflix Tries To Blame Press Coverage Of Its Price Hikes For Lower Than Expected Subscriber Additions
- Nintendo Cracking Down On Pokemon Go 'Pirates' Despite The Game Being Free
- Two YouTubers About To Learn That Trust Is A Valuable Commodity That You Can Only Lose Once
- Thin-Skinned Chinese Govt. Declares Media War On Lady Gaga For Meeting With The Dalai Lama