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Music industry looks to internet for revival

Postby curzlgt » Mon Dec 29, 2008 9:22 pm

Story : http://www.ft.com/cms/s/0/9284839c-d50f-11dd-b967-000077b07658.html

A generation after the launch of MTV, major record labels are hoping to revive the music video business online by creating a single digital destination for their artists’ output.

Plans under discussion include: a partnership with Hulu, the online television and film joint venture between News Corp and NBC Universal; the creation of a premium service on YouTube, Google’s video sharing site; or, a standalone venture between some or all of the four largest recorded music groups.

Industry members had hailed deals struck with YouTube last year as a new way of driving profits from the popularity of professional music videos and the soundtracks to amateur efforts on such user generated content sites.

However, some are now questioning whether either side has made much money from arrangements which require YouTube to share advertising revenues and, in many cases, pay a few tenths of a cent to the music company each time a video is streamed, regardless of how much advertising is sold.



“The music business is a cruel and shallow money trench, a long, plastic hallway where thieves and pimps run free, and good men die like dogs. There's also a negative side,” - Hunter S Thompson
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Re: Music industry looks to internet for revival

Postby Your_Mentor » Mon Dec 29, 2008 9:58 pm

10 Years too late. They need to fire a bunch of people who started a lawsuit campaign before an advertising and promoting campaign.
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Re: Music industry looks to internet for revival

Postby rsrikanth05 » Tue Dec 30, 2008 3:53 am

Your_Mentor wrote:10 Years too late. They need to fire a bunch of people who started a lawsuit campaign before an advertising and promoting campaign.

You have a point there.
.........
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Re: Music industry looks to internet for revival

Postby Dazzle_2 » Tue Dec 30, 2008 5:28 am

With the financial collapse of two major CD distributors in the UK I would be of the opinion they are facing the wall if they dont work very hard at delivering exactly what the consumers require, its no longer a time where they had smaller independent outlets to rely on and as the bigger retail chains fall the days of high profit and country specific market monopoly are slowly fading.

Its now nearly a case of obtaining their product from the grocery store if you want physical media in the UK.

Do not ask for whom the bell tolls.. For it toll's for thee :lol:
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Re: Music industry looks to internet for revival

Postby SwordOfZork » Tue Dec 30, 2008 1:04 pm

Too little, too late. As has been said many times about the recording industry: They should have jumped on the Internet bandwagon years ago, instead of hiring lawyers and burying their heads in the sand, hoping it would go away.
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Re: Music industry looks to internet for revival

Postby Knucklez » Thu Jan 01, 2009 11:28 am

:nopity: their top execs are bone heads that don't understand their market anymore. they knew how to sell records, they barely learned how to sell CDs but they have NO CLUE about the modern digital age. fire them all start over. if you start by the end of the year, maybe you'll have a chance - oh crap, too late 2009 is already here!
kiss the kitty..

Lossless is to lovers, what mp3 is to bitches ! You think you have pleasure but fulfillment is not there...
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