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In Reply to: Scary thought! posted by Ivan303 on January 21, 2020 at 08:50:18:
" More likely and maybe Jeff Bezos ends up buying it all at fire-sale prices."
Klaus Heymann (Naxos) who had run his own hi-res streaming operation but had to close down for economic reasons, predicted a few years back that the only way to run a streaming service given its costs was to own a business that could simply afford to bundle it as part of the overall offer and absorb the losses.
From the record company point of view streaming royalties for specialist repertoire are too small for them to recoup even a fraction of the cost of making the record in the first place as they are aggregating royalties from only hundreds or thousands of streams at best unlike the billions of streams for major pop acts. So the move by consumers from purchase to streaming is ultimately bad news for those specialist labels if things remain as they are now.
The danger for, say, classical music fans is not that Amazon may end up being the only streaming service but that it will contain no new classical music releases, only back catalogue (which is almost all that the majors now release for this genre given that only the majors may be left, funded by pop music).
"We need less, but better" - Dieter Rams
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Follow Ups
- RE: Scary thought! - PAR 09:27:44 01/21/20 (11)
- thanks for posting that! Crappy, homogenous, white washing - Sordidman 07:45:14 01/23/20 (2)
- RE: thanks for posting that! Crappy, homogenous, white washing - PAR 08:13:04 01/23/20 (1)
- Hi Par.... I am agreeing with you 100% and adding on - Sordidman 09:47:28 01/23/20 (0)
- A lot has changed since......................................... - Kal Rubinson 14:12:48 01/22/20 (2)
- RE: A lot has changed since......................................... - PAR 14:41:09 01/22/20 (1)
- Thanks for your posts and conveying your knowledge here - Sordidman 10:20:28 01/23/20 (0)
- Keywords: "No NEW classical releases" (emphasis mine)... - Ivan303 10:20:09 01/21/20 (3)
- For once, he's right. ;-) - Kal Rubinson 14:10:28 01/22/20 (0)
- "I find the idea of having to stream music from Amazon as having little appeal" - Chris from Lafayette 11:18:49 01/21/20 (1)
- +1 :-) -t - Sordidman 11:15:57 01/23/20 (0)
- I wonder how much majors actually make from "specialist" disc sales though - Chris from Lafayette 10:18:52 01/21/20 (0)
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