The Phils got a crucial playoff win today — their first since 1993 — on the back of Cole Hamels’ masterful eight inning performance. For those of us who couldn’t be at the game, you could’ve caught the game in the Comcast Center lobby.
I ran downstairs to get a picture before running back upstairs where I kept an eye on the game in the morning news editor’s cube while finishing up some things around the music channel.
Both Valleywag and Silicon Alley Insider point out that one of the reasons Muxtape shut down probably wasn’t the R.I.A.A., but all the costs associated with running a massive streaming music database. One of the things I’ve noticed about Web 2.0 is that music content is seen as more of a liability than an asset when growing a business, as the Muxtape shutdown demonstrates. That is to say, there’s probably no bailout coming, at least not for Muxtape as we knew it. The bottom line is if you’re bullish on “music 2.0,” Muxtape’s situation should be a case study for anyone who’s trying to find the right niche for music online.
ReadWriteWeb has a must-read post for anyone who’s paying attention to what’s happening with Pandora and Muxtape this week. As wi-fi becomes more powerful and widely available, I think more people will want on-demand digital delivery, rather than be burdened by the mountains of physical product they rip to an mp3 player anyway. It’s equally important for artists and labels looking to maximize profits by cutting out the middleman.
Will it be free, like many of the services people enjoy today? Probably not, but convenience and price will be major factors as music likely transitions from a product in itself to something that’s bundled with other services. We’re already seeing it with some mobile devices, and it’s probably safe to say that this will quickly become an industry standard.
As the events of the past week have shown, not all streaming music services will survive, nor do they deserve to simply because they’re innovating in the online music space. As the music industry grows more desperate for revenue streams, you can only expect that the players involved will be tough on those that do make it. We’re on the eve of a revolution in the way we consume movies and music. No one said it would be easy.
Check out the article at ReadWriteWeb and share your thoughts on what would make streaming music better for you!
I need your suggestions, specifically for an all-in-one chat client that can combine my Gmail and AIM contacts. One proviso: I’m not really looking to turn my iPhone into a gaming platform yet. What iPhone applications do you like? Which do you use most?
If you click on the mixtape link in the top navigation, you’ll find a puzzling message from Muxtape. It reads as follows: “Muxtape will be unavailable for a brief period while we sort out a problem with the RIAA.” It was a concern I had the moment Muxtape went viral in late March. Anyone who was paying attention when the site launched could’ve seen this coming, despite Muxtape’s efforts to tie the site to Amazon and defend it from would-be stream rippers. Apparently it wasn’t enough. It’s hard to believe that they’ll be back anytime soon.
I’m actually a little surprised that there hasn’t been more outcry over this. I’ve only seen this post from Valleywag in my feed reader so far. This is the stuff of an epic Hipster Runoff post! Will there be a harrowing exodus from Muxtape to 8tracks? I already have!