Very interesting. I'm normally not a fan of entirely flash-based websites, but since they need it here in order to play the music, I can certainly understand.
I've been using lala.com for streaming music recently- They have a model which more emulates iTunes on the web, for $1/album.
I'll be interested in learning more about their Membership once it goes live, which allows you to create a media library- That's what I like about lala.com currently.
I think their business model could certainly work, but it's going to be a tough sell- Let's say they charge a $6/month subscription for membership - Assuming a 1 cent fee per play (per http://www.techcrunch.com/2009/03/27/the-sorry-state-of-musi...) Unless I listen to over an hour of tracks, every single day, they're ahead.
If they can target people who only listen once in a while, they might do well.. The problem is, those people are unlikely to sign up for a web-service specifically to play music.
I see on the site that they're going to offer Advertising, but the click through rates have to be pretty abysmal.. If I'm listening to a playlist, I'll likely not be paying close attention.
This works in traditional radio, but advertisers have been hesitant to pay high rates without clickthrough online.
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[ 2.7 ms ] story [ 31.3 ms ] threadI've been using lala.com for streaming music recently- They have a model which more emulates iTunes on the web, for $1/album.
I'll be interested in learning more about their Membership once it goes live, which allows you to create a media library- That's what I like about lala.com currently.
I think their business model could certainly work, but it's going to be a tough sell- Let's say they charge a $6/month subscription for membership - Assuming a 1 cent fee per play (per http://www.techcrunch.com/2009/03/27/the-sorry-state-of-musi...) Unless I listen to over an hour of tracks, every single day, they're ahead.
If they can target people who only listen once in a while, they might do well.. The problem is, those people are unlikely to sign up for a web-service specifically to play music.
I see on the site that they're going to offer Advertising, but the click through rates have to be pretty abysmal.. If I'm listening to a playlist, I'll likely not be paying close attention.
This works in traditional radio, but advertisers have been hesitant to pay high rates without clickthrough online.
I'll love to watch and see how things turn out!