added by Yaro Celis · updated 2y ago
Dave Goldberg on music Music
We all know about Netflix, we all know about Spotify and other media categories, and we also know what it has done to some industries... The music industry has lost, in the digital transformation, approximately 50 percent of its overall revenue pool.
— Markus Dohle, CEO, Penguin Publishing Housefrom No One Buys Books by Elle Griffin
Andrew McCluskey and added
- One of the major pivots the music industry has made in response to the COVID-19 pandemic is a shift in focus from lean-back, aggregate streaming channels (e.g. Spotify, Apple Music) to direct-to-fan channels (e.g. Bandcamp, Shopify, Patreon) where the revenue impact is more immediate and transparent. Monthly membership revenue in particular is easi... See more
from Just a moment...
sari added
- The music industry is still reeling from the discovery that the reproduction and distribution of music, previously a valuable service, is now something their customers can do for themselves.
from Here Comes Everybody: The Power of Organizing Without Organizations by Clay Shirky
sari added