Knowledge@Wharton reports on an online music service idea that's getting too little attention:
In a celestial jukebox, instead of downloading songs to a computer hard drive or burning them onto a CD, listeners log onto a site that streams the music directly to their computers for immediate listening.
They acknowledge some resistence from consumers, who have been used to 'owning' the music they buy. But this seems a trivial obstacle to me compared to the one that's really holding everything up:
The music industry continues to fixate on CD sales as the chief vehicle for delivering its product.
Of course they do. It's so damn profitable that they can't really do anything else even though this way of doing business is already outdated and ultimately doomed. It's a classic Christensenesque dilemma.
Posted by timo at July 12, 2003 08:46 PM | TrackBack