Streaming music rakes in revenue, not hurting digital downloads

By Rick · 11 replies
Aug 10, 2012
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  1. Warner Music Group, a major player in the music industry who's labels include the likes of Atlantic, Elektra, Warner Bros., Reprise and East West, has released their fiscal third quarter results. The results? For the first time ever, online music streaming……

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  2. Darkshadoe

    Darkshadoe TS Guru Posts: 571   +113

    Give the customer what they want..who would have thunk it?
  3. Steve

    Steve TechSpot Editor Posts: 2,869   +2,035

    The most shocking thing about this report is that people are still using services like iTunes when Pandora and Spotify exist.

    The thing I love about these streaming services is that they make pirating music a waste of time, its pointless to even bother now.
  4. mevans336

    mevans336 TS Enthusiast Posts: 161   +11

    I'm not a Pandora or Spotify fan. I don't buy enough music monthly to justify a recurring cost. When I want a song, I want that song. I don't want to hear artists that are similar.
  5. Steve

    Steve TechSpot Editor Posts: 2,869   +2,035

    But Spotify allows you to hear whatever you want, you don't have to hear similar artists.If you don't listen to much and it sounds like you don't then I wouldn't even bother paying for it, the free service should be more than good enough.
  6. PinothyJ

    PinothyJ TS Guru Posts: 460   +22

    "Digital Downloads"

    Another tautology, and in the title as well?
  7. Jos

    Jos TechSpot Staff Posts: 3,073   +97

    Agreed with Steve, services like Spotify and Pandora are making piracy less and less convenient. iTunes and now iTunes Match (along with the Google and Amazon equivalents) are doing their part too. They only thing most of these services still need to work out is international availability, but that's probably because record labels make such licensing deals a pain in the ***.
  8. TJGeezer

    TJGeezer TS Enthusiast Posts: 385   +10

    Steve and Jos nailed it. On the international access problem, though, it goes deeper I think than PITA licensing practices and maybe has more to do with U.S. distortions of copyright law, or so I've heard. Some countries simply don't care to go after their own citizens because of laws written by and for U.S. private interests, an attitude that annoys hell out of the RIAA enforcers.

    Spotify has fixed that problem for me, but it's just as hard to find a legal way to watch U.S., New Zealand, Canadian or Australian TV - even PITA licensing seems blocked in noncompliant countries.

    Being on a retirement pension in Mexico, I do wish on-demand streaming TV were available but to qualify, I'd also have to pay for a fast, anonymizing proxy with a region-selectable IP address to get the U.S., Australian, New Zealand, U.K. and Canadian programs I enjoy.

    Even assuming I could find such a proxy service without impossible ping times, it would add cost to stream from too many countries for my monthly pension to cover. An encrypted Usenet connection in some happy non-RIAA, non-MPAA enforcer country simply makes better sense, especially if you want less parochial or nationalistic TV fare.
  9. I'm sorry but no matter how competitive is Pandora and Spotify, you can't beat zero.
  10. waterytowers

    waterytowers TS Booster Posts: 101   +10

    Remove all barriers to consuming media globally at a single price for all, then pirating will effectively end. There will always be some people not willing to or unable to afford to pay, but as an Aussie I refuse to pay for media at inflated prices. I also don't torrent movies or music, I am more of a book reader, yet another industry that costs double in Australia compared to USA pricing.

    The most effective way to beat poor business practice is to not buy from the business. If people realised how much power they have over these companies by refusing to consume or buy their products the industry would come to its senses very quickly, I suspect a concerted effort would bring results within a year. Not many businesses would be able to cope with no revenue for more than a year.

    Unfortunately I don't see international pricing about to change because there are too many people that are either willing to pay the higher price for media outside the USA or are willing to pay the cheaper USA price by buying from USA using the known workarounds. Either way the greedy companies still get their money.
  11. PinothyJ

    PinothyJ TS Guru Posts: 460   +22

  12. tomkaten

    tomkaten TS Maniac Posts: 222   +143

    @PinothyJ: Haha, that's funny and sooooo true...

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