Live data from Hacker News

The Dream Is Over: Music Labels Have Killed Their Digital Future

finance.yahoo.com

41–50 of 158 posts

Re: The Dream Is Over: Music Labels Have Killed Their Digital Future

#41
post #33

I would absolutely pay google $25 to store my music in the cloud. I have 150GB of the stuff and keeping it on my laptop has become impossible.

You can do this already. Write a music player client that can stuff your music into an encrypted blob and push it out on Amazon S3 or something. $22.50/month for storage. The problem is that that monthly price is a bit high for most people.

The Article said $25 a year

Re: The Dream Is Over: Music Labels Have Killed Their Digital Future

#42
post #16
post #11

I came to this conclusion myself about 6 months ago, after Dalton Caldwell spoke at a YC dinner. I realized it was basically hopeless to start startups that touch label music, because even the ones that seem to be succeeding (in the sense of not being sued out of existence) are only allowed to live so the labels can suck investors' money through them. But by creating a startup-free zone around themselves, all the lab…

only allowed to live so the labels can suck investors' money through them That's true, but not as true as you might suspect. Pandora is profitable. Yes, they are certainly pumping a large amount of money to the record labels, but they're able to exist without driving their users away with over-advertising. I wouldn't do a (label) music-based startup today, though. Sad.

I don't know the details of Pandora's finances, but present profits tend not to be the whole story here. Many if not most of the startups that have deals with labels also have large debts to them. Plus the labels can change their terms. So you pretty much live on sufferance, for as long as you're useful to them.

Re: The Dream Is Over: Music Labels Have Killed Their Digital Future

#43
post #11

I came to this conclusion myself about 6 months ago, after Dalton Caldwell spoke at a YC dinner. I realized it was basically hopeless to start startups that touch label music, because even the ones that seem to be succeeding (in the sense of not being sued out of existence) are only allowed to live so the labels can suck investors' money through them. But by creating a startup-free zone around themselves, all the lab…

I remember watching a video of a talk you gave at startup school 08 and near the end during the Q&A, you said something to the effect of "we fund what people apply with, which usually ends up being some form of facebook or something to do with independent music".

It seems that if the labels have positioned themselves as unfavorable toward startups to the point of making an anti-platform, that there would be demand for an independent, label-free music buying/selling experience for startups to work with. Yet the only thing I think of that comes close was the old version of thesixtyone's marketplace.

Are the startups that apply to ycombinator in this area trying to build something outside of the current music ecosystem and failing (and why)? Or is everyone just trying to work with the current system and finding that it isn't feasible/profitable?

The talk: http://www.youtube.com/watch?v=q7K0vRUKXKc

Re: The Dream Is Over: Music Labels Have Killed Their Digital Future

#44
post #11

I came to this conclusion myself about 6 months ago, after Dalton Caldwell spoke at a YC dinner. I realized it was basically hopeless to start startups that touch label music, because even the ones that seem to be succeeding (in the sense of not being sued out of existence) are only allowed to live so the labels can suck investors' money through them. But by creating a startup-free zone around themselves, all the lab…

There's plenty of startups in the music space that don't directly deliver music to listeners, what about those?

Re: The Dream Is Over: Music Labels Have Killed Their Digital Future

#45
post #37
post #36

Earlier quoted context omitted.

I think "Write a music player client that can stuff your music into an encrypted blob" is a bigger hurdle for most people than paying $25/month. Besides, doesn't Grooveshark already do this for free?

Well, as a startup, I mean. There shouldn't be any legal hurdles, anyway - it's really just a backup system specialized for music. And I'll be honest, I have no clue what Grooveshark's business model is. I like it, but I don't see how the RIAA doesn't come down on them like a ton of bricks, and I really doubt the ads they show can cover what they ought to be paying in royalties.

There shouldn't be any legal hurdles, anyway - it's really just a backup system specialized for music.

I would not assume that.

Re: The Dream Is Over: Music Labels Have Killed Their Digital Future

#46

I would absolutely pay google $25 to store my music in the cloud. I have 150GB of the stuff and keeping it on my laptop has become impossible.

I would absolutely not. What if they decide that the music branch of their business is expendable? "We're shutting down our servers in a month, gl;dd". Remember Microsoft.

> Remember Microsoft

And Lala, and Walmart.

Re: The Dream Is Over: Music Labels Have Killed Their Digital Future

#47
post #11

I came to this conclusion myself about 6 months ago, after Dalton Caldwell spoke at a YC dinner. I realized it was basically hopeless to start startups that touch label music, because even the ones that seem to be succeeding (in the sense of not being sued out of existence) are only allowed to live so the labels can suck investors' money through them. But by creating a startup-free zone around themselves, all the lab…

pg, thanks for mentioning me.

I will be revisiting these themes at my Startup School talk this year.

Re: The Dream Is Over: Music Labels Have Killed Their Digital Future

#48
post #11

I came to this conclusion myself about 6 months ago, after Dalton Caldwell spoke at a YC dinner. I realized it was basically hopeless to start startups that touch label music, because even the ones that seem to be succeeding (in the sense of not being sued out of existence) are only allowed to live so the labels can suck investors' money through them. But by creating a startup-free zone around themselves, all the lab…

Just curious: Do you think popular music as a whole is a hopeless area or specifically companies that are looking to stream music? I agree in regards toward streaming music services, but there are a lot of startups focusing on other areas of music that seem to be successful:

- http://bandcamp.com/

- http://limitedpressing.com

- http://songkick.com/

Re: The Dream Is Over: Music Labels Have Killed Their Digital Future

#49
post #9

The point about the labels doing it to themselves is probably only half the story. The other half is the culturally ingrained phenomena of "the dream." Many artists jamming in their basements dream of "signing," and expect a big advance, tours, radio play, and all of that old-world stuff. Many today of course realize that there's the Internet and they can afford to distribute their work for pennies and market to thei…

The big labels don't feel like changing, not that they cannot change. They are a bunch of human beings at all. Aren't human beings flexible enough to thrive anywhere on earth? Yet, some humans choose to die rather than adapt. The labels don't want to deal with the changing business. So they rather die.

Again, have you ever visited or spoken to anyone at a label? Next time you are in SoCal, email me.

I'm serious. :)

Re: The Dream Is Over: Music Labels Have Killed Their Digital Future

#50
post #11

I came to this conclusion myself about 6 months ago, after Dalton Caldwell spoke at a YC dinner. I realized it was basically hopeless to start startups that touch label music, because even the ones that seem to be succeeding (in the sense of not being sued out of existence) are only allowed to live so the labels can suck investors' money through them. But by creating a startup-free zone around themselves, all the lab…

Just curious: Do you think popular music as a whole is a hopeless area or specifically companies that are looking to stream music? I agree in regards toward streaming music services, but there are a lot of startups focusing on other areas of music that seem to be successful: - http://bandcamp.com/ - http://limitedpressing.com - http://songkick.com/

It's important to point out that success for these companies isn't dependent on being in business with the major rights holders.
Post reply on HN