Monday, July 02, 2007
A charitable music label
On the train ride I've been surfing a bunch of articles articulating the continued demise of CD sales in the record industry. This is of interest to me for two reasons: 1) My wife is signed to Universal Canada and;
2) I suppose I helped contribute to the demise of record industry during my time at Apple many moons ago.
The latter point is a great story of the road to hell being paved with good intentions.
Anyway, I think I've come up with the new business model for the record industry: A charitable music label.
We'll incorporate a new independent label but instead of structuring it as a for-profit, we do it as a registered charity.
We'll distribute the music free and collect donations for our artists. People will reward music they like. Get a tax-receipt and support good music that you like. I think there's something to this.
2) I suppose I helped contribute to the demise of record industry during my time at Apple many moons ago.
The latter point is a great story of the road to hell being paved with good intentions.
Anyway, I think I've come up with the new business model for the record industry: A charitable music label.
We'll incorporate a new independent label but instead of structuring it as a for-profit, we do it as a registered charity.
We'll distribute the music free and collect donations for our artists. People will reward music they like. Get a tax-receipt and support good music that you like. I think there's something to this.
Labels: business, ideas, music, musicindustry, online
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