What is Digg?72 Comments
- Hermitwise, on 10/12/2007, -9/+74Yeah, I really feel safe giving myspace.com my credit card info.
- skyhighrockets, on 10/12/2007, -0/+22"MySpace said it is working with eBay Inc.'s PayPal for the site's online payment system."
- timwizard, on 10/12/2007, -0/+22http://software.gigaom.com/2006/09/01/welcome-to-myspace-records/
"This isn’t a challenger to iTunes because the songs will be unrestricted MP3s, therefore leaving out the DRM-obsessed major labels."
If they allow bands to have fans take a cut if they help sell their music, I can see this getting popular. Fast. - Wavey, on 10/12/2007, -2/+213 million bands...and a thimbleful of talent.
- chamblin, on 10/12/2007, -0/+15OK, I hate myspace as much as the next guy, but you're just trolling for the thumbs-up.
Despite how ugly and crappy MySpace is, it has *a* market by the balls -- and is certainly more widely used among emo kids and high school kids than iTunes. If they want to allow artists to sell their music -- in MP3 format, at whatever price the artist wants -- that _is_ innovative. There are some outfits (Magnatune, etc) doing this already, but nothing on this scale.
This is nothing like iTunes. It's artist direct sales, and it's a good thing. If this makes any kind of an impact, you're going to see people that expect, slightly more, the ability to use their music how they'd like. You're going to see artists that start getting used to setting their own prices and selling directly to their fans. And you're going to see fans get used to buying things directly from the artists.
I cannot imagine what you see is wrong with this. - bantam, on 10/12/2007, -7/+22Look at myspace now, its just utter crap. It looks like crap, it runs like crap i don't think the public would just jump on the myspace music store. Also companies need to quit it, iTunes has the market by the balls, instead of trying to compete, innovate.
- brettalton, on 10/12/2007, -1/+123 MILLION BANDS??? People need a new hobby.
I suggest post-secondary education :D - skyhighrockets, on 10/12/2007, -1/+12I stand corrected.
DRM-less music really is the way to go, props to Snocap/MySpace. - inactive, on 10/12/2007, -1/+11From the article: "Songs can be sold on the bands' MySpace pages and on fan pages, in non-copyright-protected MP3 digital file format, which works on most digital players including Apple's market-dominating iPod."
Holy crap! I always thought MySpace sucked, but at least with this they're doing something good for a change - non-DRMed MP3s. Hopefully it'll catch on and show the rest of the music world that DRM is NOT the way to go. - brianjameskirk, on 10/12/2007, -0/+9I'd think they'd be more likely to work with Google Checkout since they're already working with Google?
- learnoutloud, on 10/12/2007, -1/+9I think Snocap's service works using Paypal. Not sure if that will change with this deal though...
- sentanta, on 10/12/2007, -0/+8@brianjameskirk - Google will pay $900mm over the next three years to provide search on MySpace, despite the fact that all of MySpace was only valued at $580 million the prior year. I think that you are probably right on; google should have waived any transaction fees to get their checkout as the payment option on myspace because it would give them access to 100mm+ users. Once that base has been converted to Google checkout, other online retailers might decide to use Gbuy.
This is awesome, though. I digg the fact that bands like Clap Your Hands Say Yeah and Yura Yura Teikoku can reach a massive audience now without having to deal the RIAA/Big record company pirates. - Soldan, on 10/12/2007, -0/+83 million? and what percentage just plain suck...
- doubledoh, on 10/12/2007, -0/+7Beware of people that use the word "never." History ridicules them.
- Bob042, on 10/12/2007, -0/+7However, just because a band sells music on MySpace, does NOT mean they will have any talent.
- JeffH, on 10/12/2007, -8/+14The majority of people use? There's an overstatement if I ever heard one.
Maybe the majority of iPod owners, but the majority ( - kevinmotel, on 10/12/2007, -2/+7i think what he means is that since ipod has 85% of the digital music player market, it makes sense that itunes also has a large percentage
- bennyboy371, on 10/12/2007, -0/+5Okay, myspace has been getting hacked so often that people trying to get free iPods have been posting their referral links through other peoples profiles. No one is going to do that. In fact, the security problems make me want to organize a mass exodus from myspace, because they're not doing a damn thing to stop them and its getting worse.
- doubledoh, on 10/12/2007, -0/+5@chamblin:
Chamblin couldn't have phrased it better. The fact is...the market has been longing for a long long time for some company to EFFECTIVELY allow artists to sell (at much lower more reasonable prices) directly to fans. If there were one place that allowed me to stream songs for free to sample them, then buy them in an unrestrictive format like mp3 or ogg for my own personal use at whatever the ARTIST decided to price each song at, I would be on that system like a hungry stripper is on stage. I'm sure there are lots of little sites that have tried this...but myspace has a built in highly prized target audience and indeed many thousands of artists that try to capitalize on this audience. It has a very good chance of working...if they can get the interface right.
As it is, I download all my music from various bittorrent sites and I don't pay a dime. I wouldn't mind paying for music if it were cheaper, not on stupid CD's, not DRM'd and NOT helping out greedy fat-cat record executives that treat me like a criminal. If I knew 100% (or close to it) of my money was going to the artist, then I'd buy music. But I'm still not going to pay a dollar for a 3 minute song. There are too many free or next to free entertainment options out there these days that dramatically lower the value of songs in the entertainment landscape. Musicians need to realize this, suck it up, and realize that much of this can be offset by taking advantage of the cost-slashing realities of today's technology. For less than 10 grand, a band can set up a professional recording studio of their own with brand new equipment and even sound insulation. They can easily set up a website for next to nothing and spend a few hours a day promoting their music on various websites, including myspace.
My point is...it's not expensive anymore to be a successful, well marketed musician. You just have have some talent and be willing to put in some elbow grease like every other job...and you need to charge accordingly (by lowering prices to reflect this lowered cost). I can't reiterate this enough...the worlds most lucrative businesses realize that low-price high-volume almost ALWAYS makes more money than high-price low-volume models. - skyhighrockets, on 10/12/2007, -10/+14MySpace could never be an alternative to iTunes...
MySpace is a website with growing problems, iTunes is an application that the majority of people use. - Enkid, on 10/12/2007, -0/+4That 100 million number is *****. There maybe (but probably not) 100 million accounts, but thats not 100 million users. I have a myspace account that I made like five years ago, before absolutely everyone was on it, saw how crappy the site actually was, and haven't updated it since its creation. Am I considered a user? Probably. 100 million users would be more then one third of the pop of the US. I don't beleive it.
- doubledoh, on 10/12/2007, -1/+5I see why your name is "nogoodreason"
- dj_sea2005, on 10/12/2007, -0/+3Speaking from a music producers point of view. (i also use myspace on a regular basis) This is fantastic news!
soundclick.com have been doing a similar thing to what myspace plans to do for a while now. Its been successful too. however, soundclick isnt really well known and doesnt have much of a market.
combining the popularity of myspace with a similar idea to what soundclick have, would be a winning combination. not only that, but it would also be a fantastic leap for the music industry as a whole if this thing took off, as more unsigned bands, producers with home studios (like myself) and new talent get there music out to the masses. and make a quick buck in doing so.
i see a bright future for this feature. as long as it doesnt break every other hour, of course ;) - hybrid8, on 10/12/2007, -4/+7myspace can barely stay online as just a website, add in a music store and their bandwidth will kill them...
- origclubsoda, on 10/12/2007, -0/+3""Everyone we've spoken to definitely wants an alternative to iTunes and the iPod. "
All 10 of you , eh? There are at least a dozen iPod alternatives and about a dozen music sources. Besides, 9 of 10 digg users are ok with stealing music or allofmp3.com - mudfly, on 10/12/2007, -2/+5how about first they fix the ***** code on myspace, it constantly crashes firefox and I get server side errors all the time.
- ylikone, on 10/12/2007, -1/+4My guess, probably 99% of them suck. But there might be a few good ones that will become popular from this.
- inactive, on 10/12/2007, -0/+3I don't think ANYONE is suggesting that people are going to sign up for MySpace just to check out hte newest bands. What they are saying is that the huge amount of people that already are ON MySpace every day and listen to these music may decide to buy using MySpace than going to iTunes.
No one expects this to be an iTunes Killer, except the morons on Digg who think that all companies that enter a market are expecting to take down the market leader. MySpace is merely hoping to grab a profitable share of the online music market. - Charlotte_Web, on 10/12/2007, -0/+3Could this be the end of freely uploading music to MySpace? If they go with e-commerce for music, then they could make it a requirement that you set up payment processing in order to confirm that you are the actual band.
And I hate how artists are posting 30-second clips of their music on MySpace now.
This has the potential to put a hurting on iTMS, but it also means that MySpace will have to take steps to become "more respectable". - inactive, on 10/12/2007, -2/+5Even though I hate myspace, I am actually rooting for them this time. Anything to hurt iTunes is good.
But myspace will prolly have DRM too, so who cares I guess. - negativefx, on 10/12/2007, -3/+6Just because a band isn't signed to a major label, or on iTunes Music Store, does NOT mean they are talentless.
- SelfAbortion, on 10/12/2007, -0/+3@Hermitwise
It's totally secure. I got an email from a security expert in Nigeria verifying that funds had been received and the treasure map taking me to my mp3's would be mailed directly. - origclubsoda, on 10/12/2007, -0/+2@ jeffH if the majority use iTUnes to purchase online music then the majority of of people purchasing music are using iTunes software. People who dont buy music are irrelevent.
- gmillerd, on 10/12/2007, -0/+2If IMS had a 'sell your digital junk' mechanism the world would crumble.
But alas if your myspace ya gotta sell something. - geardosdotnet, on 10/12/2007, -0/+2The design on that site is terrible. I don't mind giving away music there but if I was selling music I wouldn't want to do it through such a poorly designed website which can barely stay functional most of the time.
- chillypepper, on 10/12/2007, -0/+2I know I'd never use myspace to buy music, but even if it does become popular, thats good for everyone- iTunes (and other services) will have to compete with DRM free content, and possibly prices. Capitalism strikes again!
- sentanta, on 10/12/2007, -0/+2From Google:
"If you're not an AdWords advertiser, or if you've exceeded your free transaction processing amount for the month, you'll only be charged 2.0% plus $.20 per transaction. This fee is the same regardless of the buyer's payment type (Visa, MasterCard, etc.)." - Google checkout
From Paypal:
"Transaction Fees 1.9% to 2.9% + $0.30 USD"
Seems similiar to me - Google just provides the additional integration with Adwords. - mos6507, on 10/12/2007, -0/+2I wonder sometimes what it would take for someone to be willing to pay for indie music like this. I don't think other sites that offered services like this (such as the old MP3.COM) were that successful. I think the economics of music is all about promotion. The internet gives you a face, but you get completely lost in the information-overload. Traditional music companies do a far better job of selling music as a commodity.
- inactive, on 10/12/2007, -0/+1Gah it just won't go away!!!
- weareglass, on 10/12/2007, -0/+1here here. Myspace is positioning itself in a way that iTunes, Napster, Sony, Microsoft/MTV and even eMusic haven't tried yet. In fact it's closest to eMusic (DRM-free, non-major label) but takes it in a much more grassroots way.
I think honestly that I would buy music this way, Myspace has a lot of excellent obscure groups, including lots of them in other countries, and their stuff is not always easy to find on any of the other music sales sites. One wish I'd have would for Myspace to work on its music features though. I wish I could have my musical group friends separate from my regular friends, it's a confusing mishmash the way it is now. - shigthenewt, on 10/12/2007, -0/+1I'm with you on this one. Half the time I try to look up bands on myspace (the majority of the music I listen to comes from bands I discovered on myspace) I can't even get the damn site to load. They need to do some major upgrading before I consider this a good idea.
- dunstdunst, on 10/12/2007, -0/+1http://jukeshare.com
- inactive, on 10/12/2007, -2/+3As long as there's no DRM ***** involved, I think this is going to be huge for independent labels.
- inactive, on 10/12/2007, -0/+1There is one problem they are going to face though. Now they will have to police who signs up for Band Accounts more thoroughly. Otherwise, regular people who sign up for band accounts just so they can upload their favorite song that isn't already on the site are going to try to make money by selling the music.
- sharph, on 10/12/2007, -0/+1I really don't like the idea of Newscorp being in control of selling 90% of indie music out there.
One thing is for sure though... If myspace gets a share of the profits, (which it will...) they are going to make A LOT of money. - sansbury, on 10/12/2007, -1/+2@sentanta: Google Checkout is not a competitor to PayPal, it is a merchant service for e-commerce. The purpose of it is to unite with AdSense and Analytics to allow Google and the merchant to track the sales process from the person walking into the store, to tracking what items they look at, and those they buy.
- maffematician, on 10/12/2007, -0/+1Ha, there are not 3 million bands on myspace. There are probably 3 million accounts listed in the music section, many of which are fans uploading their favorite artists' songs, or empty accounts with no songs on them, or just kids uploading recordings of them and their friends being goofy. The article has a misleading headline as it appears on yahoo: "MySpace to sell music from nearly 3 million bands." What the article describes is a very small maneuver compared to what the headline hypes.
From the article itself:
"Before the end of 2006, De Wolfe said MySpace will offer independent bands that have not signed with a record label a chance to sell their music on the site. MySpace says it has nearly 3 million bands showcasing their music."
I would be interested to get an idea of how many true independent acts are on myspace who would conceivably have a chance to use this. Not 3 million, certainly, but how many? - jbelkin, on 10/12/2007, -0/+0First of all, iTunes can and does co-exist with lots of competitors, why is there a certain % of people who think that it's an either or situation?
MySpace if ANYTHING will sell more ipods because most artists wil sell unemcumbered mp3's, where are people going to load those on? A Dell DJ ditty?
Yes, that 3 million is an exaggeration because even if that's a real number - that does mean most of America is going around hunting down tracks to buy off of MySpace ... if a few bands can sell 25,000 tracks, it'll be a massive success.
Just like eMusic doesn't really affect iTunes - they DO NOT sell the same tracks (there might be some crossover but not much)
AND until someone else can come up with a desirable portable player, good battery life AND has a software interface that lets you buy/load and SYNC music, music videos, movies, movie trailers, tv shows, photos, podcasts and audiobooks with ONE CLICK.
One Click (to Rule Them All).
Until that happens, NOTHING will make much of a difference to ipod/itunes 75-80% especially after September 12. - ryaninsocal, on 10/12/2007, -0/+0The end of the RIAA and traditional record distribution and promotion is near. Maybe myspace won't be the primary distribution point, since their website is a strong candidate for most unreliable on the web, but it could lead the revolution... IMHO consumers are seeing more and more that we don't need record companies to have access to music. Imagine... $5 albums. As much as half of that going to artists (as opposed to the less than $1 of the $17 current price). Music sold on its inherent artistic quality. Tower Records likely closure wasn't the fault of consumers, nor was it the fault of its management. Overpriced music was what drove consumers to look for new ways to build collections... and it was the ignorance of recording industries that resulting in overlooking how the industry was changing with technology.
- chudgoo, on 10/12/2007, -0/+0Everyone is speaking about this as if -there are no other competitors- to iTunes on the market. I'd say one of the real problems at this point is that there are TOO MANY music services out there, and not enough differences between them.
allofmp3.com is probably the only one that really sets itself apart from iTunes while maintaining a non-subscription model....too bad about its legality though.... -
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