Comments on: My Love of Markets http://disruptivethoughts.com/2006/09/17/my-love-of-markets/ Thu, 28 Aug 2008 11:10:38 +0000 http://wordpress.org/?v=2.2 By: Liv Pooleside http://disruptivethoughts.com/2006/09/17/my-love-of-markets/#comment-4965 Liv Pooleside Sat, 21 Oct 2006 13:07:36 +0000 http://disruptivethoughts.com/2006/09/17/my-love-of-markets/#comment-4965 How do you determine the correct value of the song in the market? It's no simple thing, not supply and demand. The real value for listener is pleasure. In this equation, the value of my favorite song as a listener is inestimably high. Like the best art, it's beyond value. At the same time, a song I don't like is totally without value. Doesn't matter how polished it is, it's worthless to me. In practice, we assign a value to things which are beyond value relative to other things which are beyond value. Try sorting your top ten favorite songs and see how slippery their relative positions are! Unfortunately, the "pennies per song" model comes along, and a truly great recording by a big star is pegged at $.99. They can make a living at that price point, but my "half as good as that" song isn't selling twice as many copies, even at half the price! My point is, value is not truly set by the marketplace- value (to me as a listener) is entirely subjective. I want a system which ties the listener's valuation to my reward as an artist. How do you determine the correct value of the song in the market? It’s no simple thing, not supply and demand.

The real value for listener is pleasure. In this equation, the value of my favorite song as a listener is inestimably high. Like the best art, it’s beyond value. At the same time, a song I don’t like is totally without value. Doesn’t matter how polished it is, it’s worthless to me.

In practice, we assign a value to things which are beyond value relative to other things which are beyond value. Try sorting your top ten favorite songs and see how slippery their relative positions are! Unfortunately, the “pennies per song” model comes along, and a truly great recording by a big star is pegged at $.99. They can make a living at that price point, but my “half as good as that” song isn’t selling twice as many copies, even at half the price!

My point is, value is not truly set by the marketplace- value (to me as a listener) is entirely subjective. I want a system which ties the listener’s valuation to my reward as an artist.

]]> By: Liv Pooleside http://disruptivethoughts.com/2006/09/17/my-love-of-markets/#comment-101103 Liv Pooleside Sat, 21 Oct 2006 12:07:36 +0000 http://disruptivethoughts.com/2006/09/17/my-love-of-markets/#comment-101103 How do you determine the correct value of the song in the market? It's no simple thing, not supply and demand. The real value for listener is pleasure. In this equation, the value of my favorite song as a listener is inestimably high. Like the best art, it's beyond value. At the same time, a song I don't like is totally without value. Doesn't matter how polished it is, it's worthless to me. In practice, we assign a value to things which are beyond value relative to other things which are beyond value. Try sorting your top ten favorite songs and see how slippery their relative positions are! Unfortunately, the "pennies per song" model comes along, and a truly great recording by a big star is pegged at $.99. They can make a living at that price point, but my "half as good as that" song isn't selling twice as many copies, even at half the price! My point is, value is not truly set by the marketplace- value (to me as a listener) is entirely subjective. I want a system which ties the listener's valuation to my reward as an artist. How do you determine the correct value of the song in the market? It’s no simple thing, not supply and demand. The real value for listener is pleasure. In this equation, the value of my favorite song as a listener is inestimably high. Like the best art, it’s beyond value. At the same time, a song I don’t like is totally without value. Doesn’t matter how polished it is, it’s worthless to me. In practice, we assign a value to things which are beyond value relative to other things which are beyond value. Try sorting your top ten favorite songs and see how slippery their relative positions are! Unfortunately, the “pennies per song” model comes along, and a truly great recording by a big star is pegged at $.99. They can make a living at that price point, but my “half as good as that” song isn’t selling twice as many copies, even at half the price! My point is, value is not truly set by the marketplace- value (to me as a listener) is entirely subjective. I want a system which ties the listener’s valuation to my reward as an artist.

]]> By: Fraser http://disruptivethoughts.com/2006/09/17/my-love-of-markets/#comment-4917 Fraser Fri, 20 Oct 2006 20:48:55 +0000 http://disruptivethoughts.com/2006/09/17/my-love-of-markets/#comment-4917 Putting music out there and relying on sponsorship doesn't capture the correct value of the song in the market. A market pricing strategy seems to be, in theory, an elegant solution to assigning the appropriate rate to an individual song. The digitalization of music is doing more than simply changing the pricing structure of songs. It's destructing old value generating options and creating new ones. Beck said it very well in reference to his latest album: artists need to find the best way to give their music legs. Sponsorship from fans is one option, but it leaves a lot of lost value for the artist on the table. Putting music out there and relying on sponsorship doesn’t capture the correct value of the song in the market. A market pricing strategy seems to be, in theory, an elegant solution to assigning the appropriate rate to an individual song.

The digitalization of music is doing more than simply changing the pricing structure of songs. It’s destructing old value generating options and creating new ones. Beck said it very well in reference to his latest album: artists need to find the best way to give their music legs.

Sponsorship from fans is one option, but it leaves a lot of lost value for the artist on the table.

]]> By: Liv Pooleside http://disruptivethoughts.com/2006/09/17/my-love-of-markets/#comment-4916 Liv Pooleside Fri, 20 Oct 2006 20:38:19 +0000 http://disruptivethoughts.com/2006/09/17/my-love-of-markets/#comment-4916 The internet cafe has the right idea- but then, there is limited space there. This model isn't the right model for music, which is not made more scarce when it is shared. No one can earn a living at pennies per song. Unless they sell millions of songs. Who can sell millions of songs? Better that the songs be free, and true fans pay to support the bands continued existance. Sponsorship. It's a beautiful thing. The internet cafe has the right idea- but then, there is limited space there. This model isn’t the right model for music, which is not made more scarce when it is shared.

No one can earn a living at pennies per song. Unless they sell millions of songs. Who can sell millions of songs?

Better that the songs be free, and true fans pay to support the bands continued existance. Sponsorship.

It’s a beautiful thing.

]]> By: Fraser http://disruptivethoughts.com/2006/09/17/my-love-of-markets/#comment-101102 Fraser Fri, 20 Oct 2006 19:48:55 +0000 http://disruptivethoughts.com/2006/09/17/my-love-of-markets/#comment-101102 Putting music out there and relying on sponsorship doesn't capture the correct value of the song in the market. A market pricing strategy seems to be, in theory, an elegant solution to assigning the appropriate rate to an individual song. The digitalization of music is doing more than simply changing the pricing structure of songs. It's destructing old value generating options and creating new ones. Beck said it very well in reference to his latest album: artists need to find the best way to give their music legs. Sponsorship from fans is one option, but it leaves a lot of lost value for the artist on the table. Putting music out there and relying on sponsorship doesn’t capture the correct value of the song in the market. A market pricing strategy seems to be, in theory, an elegant solution to assigning the appropriate rate to an individual song. The digitalization of music is doing more than simply changing the pricing structure of songs. It’s destructing old value generating options and creating new ones. Beck said it very well in reference to his latest album: artists need to find the best way to give their music legs. Sponsorship from fans is one option, but it leaves a lot of lost value for the artist on the table.

]]> By: Liv Pooleside http://disruptivethoughts.com/2006/09/17/my-love-of-markets/#comment-101101 Liv Pooleside Fri, 20 Oct 2006 19:38:19 +0000 http://disruptivethoughts.com/2006/09/17/my-love-of-markets/#comment-101101 The internet cafe has the right idea- but then, there is limited space there. This model isn't the right model for music, which is not made more scarce when it is shared. No one can earn a living at pennies per song. Unless they sell millions of songs. Who can sell millions of songs? Better that the songs be free, and true fans pay to support the bands continued existance. Sponsorship. It's a beautiful thing. The internet cafe has the right idea- but then, there is limited space there. This model isn’t the right model for music, which is not made more scarce when it is shared. No one can earn a living at pennies per song. Unless they sell millions of songs. Who can sell millions of songs? Better that the songs be free, and true fans pay to support the bands continued existance. Sponsorship. It’s a beautiful thing.

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