goinghome
smolder on
Sorry - not sure where to place this post:
I went to HMV yesterday, and was aghast to see the prices of Smiths & Moz vinyl albums (and other artists too). I mean, £29-39 for 'old' albums which, on cd, could once have been bought for near-pennies!? Even the old Beatles 'Blue' compilation album was an incredible £74(!) Is it very expensive to make vinyl records, then, or is it all a rip-off?
"...The level of greed is off the charts. Because it’s so hard to make money in music nowadays, the labels have decided to squeeze as much cash as they can from vinyl fans. This is one area where Spotify and Apple don’t call the shots, so why not charge twenty dollars for vinyl? Or maybe thirty dollars is better. Hell, let’s ask for forty, and see who will buy?
In other words, a technology that is 70 years old—and in which labels have invested almost zero additional dollars—is priced as if it’s a hot new innovation requiring billions of dollars in startup capital. This is like taking your old shoes, and trying to sell them for twenty times what you paid for them...
...The music industry could get rich by developing a next generation vinyl format. Let’s call if Super-Vinyl. It would have all of the advantages of the current physical products, but with better audio quality, durability, etc. Maybe it even comes with some digital or NFT twist. Let your imagination run wild.
This is the single biggest opportunity for record labels to take the music business back from Silicon Valley. Spotify and Apple wouldn’t have a clue how to respond to a high tech physical format in music—their business systems aren’t equipped to deal with that kind of competition.
The major labels could change the whole direction of the industry in their favor. But it would require vision, hard work, and investment. That was exactly how vinyl was developed in the first place, back at Columbia Records. It could happen again. The best approach would be a joint venture between several key record labels.
I would support a next generation vinyl-type product. Tens of millions of other people would do the same. Who in the music business is ready to step up and make it happen? I don’t see a single CEO in the industry with the vision and drive to do this, so I’m pessimistic. But I’d love to be proven wrong.
Meanwhile, I’m buying up more 40-year-old virgin LPs."
--- https://www.honest-broker.com/p/i-return-to-vinyl-after-34-years
AND , now it seems streaming is going the same way:
"This is the new normal. You will pay more for less.
And there’s not much you can do about it—except walk away from these platforms. They expect a few of you will do just that, but more will stay. These remaining loyalists will get punished for their loyalty.
That’s the new streaming business model in a nutshell.
But don't expect Disney, Netflix, Spotify, or anyone else to announce it in a press release. Watch what they do, not what they say.
Here’s a tiny glimmer of good news. As legacy businesses enter this endgame phase, opportunities emerge for indie operators and freelancers. Creativity won’t disappear—it will just change its location.
If you work in entertainment or media, you can still thrive. Endgame for some will be the beginning for many others."
--- https://www.honest-broker.com/p/why-streaming-subscription-prices