Smashing the Music Industry

Billy Corgan, Smashing Pumpkins frontman, believes that the music business model is outdated and takes advantage of artists. Corgan said, “The music business is mostly run by feckless idiots who do not subscribe to the normal tenets of capitalism which when they do, the business tends to work out well and stars tend to rise to the top, everybody benefits, but it is still a parochial business. It is run by thiefdoms way behind the times technologically.”

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Tidal Wave

Jay-Z’s Tidal has made many ripples, however the splash seems to have been short lived. The March 2015 buy of Tidal has become a troubling investment for investors at the forefront. One has to ask themselves if Tidal’s business plan makes any sense in a time when consumers see very little value in purchasing music. To expect consumers to pay $9.99 for a standard streaming service and $19.99 for a high-resolution service seems pretty crazy. What’s even more crazy is that Tidal as a company has not properly marketed it’s service to the consumer. Everyone is left in the dark, maybe they are left worrying or maybe they press on to the next service. I believe if Tidal is the biggest thing since MTV, then they should have marketed it like it was.

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Viacom Takes Another Stab With Artists.MTV

So Viacom Buys Myspace for $500+ billion and pawns it for $35 million…

Turns MTV into a reality pop network. What’s up Snookie, 16 and Pregnant and Jersey Shore?  Need I say more?

Buy’s B.E.T. and kills off my favorite show, Rap City. The only video show remaining is the “black” version of TRL: 106 and Park. 

Now It wants to create another version of Myspace with Artists.MTV.

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