Music industry businessmodel finally dead?
This New York Times column quotes some staggering numbers indicating that the longtail theory might no longer work for music. With more and more people listening to streaming music the licensing model may finally have met its match.
“A study last year conducted by members of PRS for Music, a nonprofit royalty collection agency, found that of the 13 million songs for sale online last year, 10 million never got a single buyer and 80 percent of all revenue came from about 52,000 songs. That’s less than one percent of the songs.”
via Op-Ed Columnist – Swan Songs? – NYTimes.com.
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I think the same could be said of stock photography