EMI trades lawsuit fees for equity in popular music service/search engine - Project Playlist. Still to settle are Universal and Warner. Because they can't figure out how to make money in the new environment where they are no longer the monopolists, they trade a lawsuit for equity. Maybe that's a good business decision, I don't know.
In the meantime, Grooveshark is the lastest innovator and one of my current favorite sites.
Troy-
What do you think about a makeing a "better than anything for sale" SaaS music production package (beatlab, mixing board, etc) where access and use of the application is free, with the revenue coming from a percentage of the song's and album's iTunes revenue.
Posted by: Kevin Cain | April 30, 2009 at 04:01 PM
Kevin,
To use as a replacement for studio time or a client software package? Assuming you can track the sale of the music - its interesting. However, I've said elsewhere on the blog - selling music in the digital world where incremental distribution costs are almost zero tends to force the price toward zero. I think SaaS music production package works better as a license (using as a unit of measure songs produced maybe or just a straight monthly, annual or one-time fee).
Posted by: Troy McConnell | April 30, 2009 at 06:14 PM