The major points / conclusions raised in the discussion from my perspective
- Online music can't live without social/community features
- The user experience is not as good as it should be
- API/Developer platforms are keys to success
- Ad supported business models are the future but still seen with a lot of skepticism in the industry
360° deals are the future for artists (monetize the music in a lot of ways, e.g. live shows, TV, film music, advertisments, ...) - DRM is dead (although still seen on some services)
5 comments:
and i have another idea
"simple payment systems young people can use are still missing"
those micropayment-things are always nasty, I'm not sure if there is a good solution at all ...
What about something like PayPal? Would that be easier?
for young people - lets say 15 years - paypal aint the simpliest thing to use - and i am not talking about the usage of credit cards
mobile payment would be the solution - but this will never happen - prepaid micropayment via facebook or google or whoever (maybe even paypal) maybe the solution
paypal could do that but what I've heard they really put all their efforts in keeping the current status and they will not invent new features in the near future.
mobile payment would be nice but with all these micropayment systems the high transaction administration costs are real show-stoppers. With very small amounts, these costs can go up to 40%!
I agree to Andreas that Google / FB might introduce an interesting product in the future.
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