It's also worth looking at Soundcloud.com - these guys just hit 3 million users, raised a round from Union Square and Index, and are basically kicking ass and taking names. The pitch is Flickr for music, but you imagine the service scaling and becoming the piping that powers a much broader range of services, including Bandcamp etc.
On Feb 19, 6:36 am, Rob James <james....@gmail.com> wrote: > I've been listening to the recent posts on Music related startups quite > interestingly over the last few days. There are incredible opportunities in > this space! > > I actually thought your post was quite positive Matthew :-) > > First the disclaimer - you mentionhttp://www.posse.com/well I work for the > company as CTO. And yes we are doing exciting stuff, watch this space!. But I > am speaking on behalf of myself here. > > We are watching what has recently been happening with MySpace, and although > there is an outcome that is yet to be seen, they are certainly not the > powerhouse that they used to be. > > Last.fm, Pandora, spotify, iLike etc are all doing great things for music and > for what its worth, they are successful too. > > But the music industry (like film) is still one of those industries that is > yet to totally come across to the dark side (online). They still fight > 'online' rather than embrace it. Yes it has improved, and I work with them > every day, and I do see remarkable improvements from the Record Labels - but > their doom is in their name; who the hell even knows what a Record is today!!! > > iTunes has been the biggest disrupter for the labels - and the labels hate > them for it. But iTunes has changed the way we listen & buy our music, sites > like Last.fm has changed how we discover our music, Posse is working to > change how music is marketed. > > The bottom line is human nature's desire and need for music, and although > there are many free or freemium models to exploit this, there are many ways > along the value chain that are yet to be touched. > > So I listen intently to the likes of Edwin (and also the writers of the > previous post) about how they will participate. > > Checkout some other exciting things in this space such > ashttp://www.songkick.comwhich is huge in the > UK,http://www.kickstarter.com&http://www.Indiegogo.comare a kind of community > record label which is really interesting. > > Regards > > Rob James > > > > > > > > On Saturday, 19 February 2011 at 5:39 AM, Matthew Ho wrote: > > I'm not really sure how this is different to MySpace or what MySpace > > could do. > > > I think the key is to understand that music is an infinite good. So > > you need to build finite goods around it - such as concerts, > > merchandise, etc... > > > Its very difficult to monetise music because the consumer isn't used > > to paying for it (i.e. the infinite good). Perhaps you should look at > > some kind of API as well that links with services such as Grooveshark, > > Spotify, Soundcloud, etc and use their infrastructure. > > > Spotify (and most of the other music services) are also trying to > > build the finite goods around a freemium model of streaming music. It > > requires a lot of scale and capital, and I have yet to see anyone > > successfully monetise music (other than Apple with iTunes). > > > If you are interested in monetising digital music, check out Mark > > Mulligan's blog on Forrester. He gets a bit repetitive at times, but > > always has some interesting thoughts on the future of MySpace, Apple > > and the digital music industry. > > >http://blogs.forrester.com/mark_mulligan > > > I also like readinghttp://paidcontent.org/. They have interesting > > articles on music as well. > > > Check out Posse, an Aussie startuphttp://www.posse.com/. > > > I don't mean to sound negative in this comment about music startups > > but I'm quite interested in this topic of digital music and the > > different ways it can be monetised. > > > On Feb 18, 5:39 pm, Edwin Onggo <edwin.on...@gmail.com> wrote: > > > Hey Guys, > > > > Hope everyone is well. > > > > My name's Edwin, I've had a passion for innovation and > > > entrepreneurship for many years now but decided to come out of my > > > dark, lonely shell and post my first of many here at SB. > > > > I have a Uni background in Accounting and Finance but currently work > > > in a Media Buying and Planning Agency because of a much greater love > > > in Digital Media and marketing. > > > > My latest project involves launching a platform which will provide the > > > tools for indie artists to promote themselves, connect with their > > > local scene and monetise. Picture a Myspace meets Tumblr. > > > > I attended the Seedaccelerator event yesterday night where a very kind > > > Mr Lyon informed me that there has been previous discussion of this > > > concept with lots of interested people. I'd love to chat with anyone > > > interested to know more or with anyone that might be building > > > something similar in this space. > > > > I noticed a recent geo-tagging music thread but I'll love you forever > > > if you'd excuse my naivety and point me in the right direction of this > > > other all elusive music thread ;] > > > > Cheers guys, > > > > Edwin > > > -- > > You received this message because you are subscribed to the Silicon Beach > > Australia mailing list. > > > Guidelines on > > discussion:http://groups.google.com/group/silicon-beach-australia/msg/351e183e13... > > > No lurkers! It is expected that you introduce yourself. > > > To post to this group, send email to > > silicon-beach-australia@googlegroups.com > > To unsubscribe from this group, send email to > > silicon-beach-australia+unsubscr...@googlegroups.com > > For more options, visit this group at > >http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en -- You received this message because you are subscribed to the Silicon Beach Australia mailing list. Guidelines on discussion: http://groups.google.com/group/silicon-beach-australia/msg/351e183e1303508d?hl=en%3Fhl%3Den No lurkers! It is expected that you introduce yourself. To post to this group, send email to silicon-beach-australia@googlegroups.com To unsubscribe from this group, send email to silicon-beach-australia+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en
