Categorized | Tech

How Much is MySpace Worth To You?

Rumor has it via Hypebot that in light of falling traffic numbers MySpace will restrict free streaming of music and turning on the bean counters. They are dishing out around $20 million a month in royalties and Google is slashing ad payments so it seems like it’s a do or die situation for Mr. Murdoch and Co. It still begs the question, “Would you pay for MySpace?”. I guess free really doesn’t work anymore.

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  • http://uvumi.com/marshall Marshall

    I wouldn’t go so far as to say “free doesn’t work anymore”. It’s just not that simple.

    Free won’t ever work for music streaming that requires royalty payments, because that music is not inherently free to begin with.

    Artists who treat their recorded works as an advertising tool rather than an income stream are poised to succeed in the new music marketplace. By allowing their songs to be streamed for free to fans and new listeners, they create connections with new fans who otherwise would not hear their music, and ultimately give those fans a reason to buy real goods like CDs, t-shirts, and concert tickets. Unrestricted streaming doesn’t have to involve giving the music away for free. For example, on Uvumi.com, artists and bands can make their music available for streaming but not for free downloading. By using free streaming services like Uvumi, and offering CDs for sale at shows and by mail order, and by working with existing platforms like iTunes or Amazon, artists have a real business model that can generate real revenue in spite of old-school record labels and outdated royalty payment systems.

    The royalty model is dead, or at least rapidly dying, as is illustrated by MySpace’s rumored $20 million loss per month. Indeed, that model is just not sustainable, but, realistically, artists do not need to play the royalty game to make a living off their creative works anymore.

  • todd

    To clarify: Free doesn’t work for MySpace.

  • http://www.freemusicforchimps.com Ralph

    What the fuck is an Uvumi?

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