I’m already growing tired of the 1.0 and 2.0 thing, but nevertheless, former EMI exec Ted Cohen has pronounced the death of music 1.0 as “five hundred top members of the music business gathered today in New York.”
Nate Anderson reports that the following statements “were made today without controversy:
- DRM on purchased music is dead
- A utility pricing model or flat-rate fee for music might be the way to go
- Ad-supported streaming music sites like iMeem are legitimate players
- Indie music accounts for upwards of 30 percent of music sales
- Napster isn’t losing $70 million per quarter (and is breaking even)
- The music business is a bastion of creativity and experimentation”
Sounds good to me.
Are you ready?
