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Virgin Entertainment Group Music Service in 2004
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i think this is the .com revival we heard so much about in the last year. But, like all new tech's, no one saw this coming and most will fail.
Just don't start buying stock in these companies, unless you plan to sell it the week after the IPO.
Just don't start buying stock in these companies, unless you plan to sell it the week after the IPO.
Virgin is essentially its own label -- I don't see how it is going to get the cooperation of the other labels for its music service. And without all the major labels, any music service is a non-starter -- folks want one-stop shopping (at least for the most popular stuff).
Quote: Virgin is essentially its own label -- I don't see how it is going to get the cooperation of the other labels for its music service. And without all the major labels, any music service is a non-starter -- folks want one-stop shopping (at least for the most popular stuff"
Oh yeah? don't think so, they sell plently other labels in their Mega stores, I don't think this will be any different in an online service. AND they have a huge catalog allready...
Oh yeah? don't think so, they sell plently other labels in their Mega stores, I don't think this will be any different in an online service. AND they have a huge catalog allready...
sooner or later there'll be 10s of thousands of companies with these sort of services.. and it'll get out of hand geesh..
It's very true that companies take Apple's ideas, but we all knew that
It's very true that companies take Apple's ideas, but we all knew that
this is simply getting out of hand...
that it is getting riddiculous.
so in the wake of these new "competitors" aka. "iTMS-killers", for Apple to stay on top, they have to be first in offering:
_IiTMS (International iTunes Music Store)
_support local bands in different countries.
_*joke* lower prices.
that it is getting riddiculous.
so in the wake of these new "competitors" aka. "iTMS-killers", for Apple to stay on top, they have to be first in offering:
_IiTMS (International iTunes Music Store)
_support local bands in different countries.
_*joke* lower prices.
hehe, I was wondering how long it'd be before good old Richard Branson jumped on the bandwagon
Also, knowing Branson, this will be well executed, he is a clever man, and runs many good, successful branches of the Virgin brand. Airline, Cola, Mobile phones....
Also, knowing Branson, this will be well executed, he is a clever man, and runs many good, successful branches of the Virgin brand. Airline, Cola, Mobile phones....
i figure between the lot of us, we can open our own online music store with all the **** we've all downloaded over the years. uh... we'll call it "used mp3s" the internet music super store. with $0.50 songs and $4.99 albums we'll make a killing considering it's "used" music.
Ok, let my take a shot at this.
1. iTMS
2.Napster
3. Musicmatch
4. Dell
5. HP
6. Real Networks
7. Virgin
8. Wallmart
9. Sony
10. Microsoft (more then likly)
That is all I can think of. please add to this if you know more.
1. iTMS
2. Napster
3. Musicmatch
4. Dell
5. HP
6. Real Networks
7. Virgin
8. Wallmart
9. Sony
10. Microsoft (more then likely)
11. MTV
12. buymusic.com (remember, get loaded?)
Does Walmart really count?
Can anyone think of others?
2. Napster
3. Musicmatch
4. Dell
5. HP
6. Real Networks
7. Virgin
8. Wallmart
9. Sony
10. Microsoft (more then likely)
11. MTV
12. buymusic.com (remember, get loaded?)
Does Walmart really count?
Can anyone think of others?
Wow, the playing field is getting crowded, and each think they're better than the other.
This should lead to an interesting series of events for internet history. Is online music buying the way of the future? I guess many companies think it is.
My thinking leads me to believe that all of these companies are jumping on the bandwagon knowing that they're going to be losing money, but hoping it will make them profits in the future. At least Apple has a back-up plan. It's kind of a win-win situation for them. If the iTMS still loses money in a year, the extra sale of iPods will make up for it. If the iTMS is hugely successful, which I hope it is, they will be putting out more iPods in addition to the bragging rights of having developed the first successful online music store. Of course I'm thinking that the Microsoft music store will claim they did, or some stupid Microsoft-esque crap like that.
I say let the other companies join us. Ultimately, most of them will drop like flies, and only a few will remain. I agree that this is very reminiscent of the dot.com boom and bust, but it also reminds me of mp3 players a few years ago. (Correct me if I'm wrong) RIO had the first mp3 player, and many weren't sure whether mp3's were going to hold out. I remember I bought one for about $200 I think, because I kind of new inside that mp3's were here to stay. The player was pretty crappy. It was supposed to be skip-proof and essentially it was, but if the bottom were to be jolted slightly, it would hit the battery cover and turn the player off. Even though it sucked, it showed that mp3 players were viable and had the potential to be huge. A year after, the marketplace was flooded by super-cheap mp3 players done by companies to get a piece of the pie. But many of these players were crappy too and phased out into nonexistence. Now only a few good players remain, which include the iPod.
As I see it, Apple was that first company that showed the world that online music stores were very possible and had the potential to be huge. All these companies wanting to come play is just a natural part of the economy and marketplace. And like the case with mp3 players, many of them will phase out.
God..I have a chem exam to study for. Talk about procrastination..
This should lead to an interesting series of events for internet history. Is online music buying the way of the future? I guess many companies think it is.
My thinking leads me to believe that all of these companies are jumping on the bandwagon knowing that they're going to be losing money, but hoping it will make them profits in the future. At least Apple has a back-up plan. It's kind of a win-win situation for them. If the iTMS still loses money in a year, the extra sale of iPods will make up for it. If the iTMS is hugely successful, which I hope it is, they will be putting out more iPods in addition to the bragging rights of having developed the first successful online music store. Of course I'm thinking that the Microsoft music store will claim they did, or some stupid Microsoft-esque crap like that.
I say let the other companies join us. Ultimately, most of them will drop like flies, and only a few will remain. I agree that this is very reminiscent of the dot.com boom and bust, but it also reminds me of mp3 players a few years ago. (Correct me if I'm wrong) RIO had the first mp3 player, and many weren't sure whether mp3's were going to hold out. I remember I bought one for about $200 I think, because I kind of new inside that mp3's were here to stay. The player was pretty crappy. It was supposed to be skip-proof and essentially it was, but if the bottom were to be jolted slightly, it would hit the battery cover and turn the player off. Even though it sucked, it showed that mp3 players were viable and had the potential to be huge. A year after, the marketplace was flooded by super-cheap mp3 players done by companies to get a piece of the pie. But many of these players were crappy too and phased out into nonexistence. Now only a few good players remain, which include the iPod.
As I see it, Apple was that first company that showed the world that online music stores were very possible and had the potential to be huge. All these companies wanting to come play is just a natural part of the economy and marketplace. And like the case with mp3 players, many of them will phase out.
God..I have a chem exam to study for. Talk about procrastination..
Well you know that Apple is already generating a run rate of over a billion dollars a year just on iPod sales. One of the major record studios was just sold for 2.4 Billion. Since it is looking like the industry is still on the decline, Apple may be able to pick up a studio in the next year for under 2 billion, thus keeping a lions share of the track sales. That's why Virgin is doing it, they get to keep that extra 34c per track for each of their own sales. But, they forget that it costs money to host your own service and stream all those bits. It makes more sense for Apple who already has made the major part of the investment to go ahead and buy one or two of the big players for their Copyrights or even to spin-off iTunes and allow it to go on and do its thing.
This is getting crazy. I wonder how many of them will be around in a year or two. How many songs is buymusic.com selling per week or month? They said they were going to sell a ton, but I never heard from them after that.