Giant of Internet Radio Nears Its 'Last Stand'
source: http://www.washingtonpost.com/wp-dyn/content/article/2008/08/15/AR2008081503367_pf.html
-
-
- ProgressiveBum
- added this
Yet the burgeoning company may be on the verge of collapse, according to its founder, and so may be others like it.
This is another example of how a short-sighted profit-driven view kills the greater good. The promotional value through the sheer variety of music on internet-based radio stations is being short-changed by short-sighted music industry management only concerned with quarterly results.
Napster, in 2000, was a monumental seachange in the way music was being distributed, before entrenched interests beat the company into submission. But the technology lives on, and streaming technology evolved. The music industry has had 8 years to adjust their business models to emerging technologies, and have by and large failed to do so. Any industry that fails to adjust to, or even embrace, existing technology, deserves to become roadkill on the information superhighway. And draconian legislation notwithstanding they will.
-
- groups:
- Art
-
- tags:
- Art, Technology
-
-
jubal
-
Some businesses just weren't intended to make a profit, they need to be the more break even type and/or supplement their income through public donations -- a nonprofit hybrid perhaps?
Certainly radio, but in a broader sense, all news media should be emancipated from the constraints of a profit driven model. Instead, news media corporations should be given tax incentives that mirror the awards they get for outstanding journalism.
The better their reporting, the more Pulitzer prizes they win, the bigger their tax cuts and they could be scaled. Tax cuts should be used for corporate behavior conditioning, not as welfare.
- 4 years ago
-
jubal
-
-
onechance
-
Bummer. It all boils down to greed these days it seems.
- 4 years ago
-
onechance
-
-
darkhorsejim
-
It sounds like the same old story of maximizing profits versus covering costs. I hope another great use of technology doesn't disappear because someone is only getting rich & not richer. With so many artists to choose from, customizing preferences is just the way to go for so many people now.
- 4 years ago
-
darkhorsejim
