There are 7 billion people on this earth.
Lets assume that one billion of those people have no interest in music.
Lets assume that one billion of those people are too young and do not understand music. (Ten years old & younger)
If you take Shazam, Gracenote, Sounhoud, TheEchoNest, all lyric ID services and a few more music ID/Discovery services with over two billion users, you have to sell one song a week to five billion people on earth.
Let’s just enslave music ID services in golden chains and convert them from PHILANTHROPIC pimps of music, to cash registers of the music industry.
Do you know how much MUSIC INCOME this would be?
It would be 125 billion dollars every single year at just 50¢ per song.
There is no reason to prostitute MUSIC on YouTube or with all inclusive, discovery loaded streamers…
Apple/Beats (… or DEADBEATS) or Amazon boy arriving in few days will follow hopeless stampeed into the DEAD-END TUNNEL!
200M sub at $5 makes for a $12B dollar industry. Guess what? 200M might never happen – recent studies show that AT THE BEST only 4% of FREEMIUM subs convert to paid customers!
To conclude: OUT of 5 BILLION of WILLING & ABLE humans only 4% or exactly 200M can become STREAMING revenue makers.
TIME TO TELL MR. EK THAT HE IS PRACTICING THE WRONG BUSINESS MODEL – SWITCH TO PANDORA STYLE AND THEN SWITCH AGAIN TO Discovery Moment Monetization.
The music industry is currently absurd!
New “fair use act” can change all of ID services from looters to cashiers of music. ABSURD converted to IMPOSSIBLE SUCCESS.
“Only those who attempt the absurd can achieve the impossible.” ― Albert Einstein