As always, we’ve looked for some interesting industry news to highlight the ever-changing landscape of this business. Never a dull day in the music industry.
Is one big music database the answer to all our problems?
Wired.com wrote an article some time ago listing four reasons why music needs to be one big database. The problem according to Eliot Van Buskirk is that each digital music service grows in its own data silo. The solution to this and other problems dogging the music industry, he says, could be forehead-slappingly simple: one big, free, public database with, at the very least, song titles in one column and unique identifiers in another. His four reasons for why this would help music fans and the industry are: (1) ensuring artists are paid what they are owed across all platforms (2) easing the acquisition and merger of digital music services, i.e., more – stay in business (3) better foundations for applications and new music distribution systems and (4) subscription services that will allow music to be “savable” and transferable across different mediums. Evolver revisited this very idea recently, and found that not much has changed in almost a year since this article first appeared. Especially alarming is the continuing problem that artists are not receiving royalties because they haven’t registered on a music service website, as was the case with SoundExchange who reportedly couldn’t “find” artists to send them their checks. What do you think? Do you think one database would solve the problem?
YouTube launches the Merch Store
This past weekend, YouTube added the Merch Store, which is a new feature that allows direct sales to fans of merchandise, tickets, downloads, etc. To pull this off, YouTube has partnered with Topspin (merchandise and concert tickets), Songkick (concerts), iTunes and Amazon(downloads), and musicians and labels individually (merchandise). It will take a while to see if this is actually something artists can capitalize on. In the meantime, here’s a look at the interface as it appears on the website.
Google Music Details Leaked
Excitement is building around the new Google Music Store. Although everything is speculative at the moment with the new service, it is expected to compete directly with Facebook in the social media playing field which means that we’ll see similar, and potentially superior, services in the Google Music store when it is finally released in the next two weeks.
The Most Valuable Digital Consumers
Nielsen and NM Incite took a look at digital consumerism and came up with these great infographics on the social, local, and mobile consumer landscape. Check them out and see how you fare in comparison to your cohort.