Today’s topic talk is from Matt Kirsch, Owner/Artist Manager at Collateral Artist Group, LLC. Matt has extensive experience in the music industry (click here for a Rolling Stone article on the new economics of the music industry). In his topic talk, Matt asks us is the MP3 player dead and we’re moving to an all-streaming model?
Matt, the floor is yours…
Here’s a question I have been thinking about for awhile – – Would you rather have a song in your possession, whether on CD or as an MP3, or just be able access a stream of it whenever you wanted?
Throughout the past decade, the music industry has been in an almost constant state of adaptation, which, for better or for worse, has made a significant impact on how we view and listen to music today. With the advent of music based social media sites like Rdio, Last.fm, and most recently Spotify, the concept of how we listen to music on a daily basis has changed dramatically.
Leaving out the proverbial ‘elephant in the room’ of illegally downloading music, the debate becomes one of convenience. Why own an MP3 player or buy a CD when your phone can stream music anywhere? The obviousness of carrying around one less gadget, or emptying a glove-box full of disks is clear, at least to me.
MP3 players became dominant in the market because they could hold and store more music than a Walk-Man or portable CD player, and now it makes sense that they be replaced by the unlimited storage potential of internet streaming. While MP3 players are by no means outdated, in the ever-evolving world of music, online music streaming can go beyond simple playback to actually assisting listeners with the discovery of new music.
New technology is designed to make our lives easier, and while it is certainly possible to take advantage of all these resources for music listening, I like to support innovation wherever possible. The bottom line is that streaming services give the listener one more avenue to explore in the world of listening to, and most importantly, discovering new music.
Something to think about today…
Owner/Artist Manager at Collateral Artist Group, LLC