A major purpose in describing these music business models is to illustrate how innovations do not have to be tied to the success of a new good or service. Rather, an organization can innovate by introducing a new method of doing business, and such innovation has the potential to “turn the world upside down” (a la Google or Facebook).
|
Model |
Currently implemented? |
Feasible? |
Currently legal or illegal? |
Consumer satisfaction |
Record label satisfaction |
|---|---|---|---|---|---|
|
Traditional |
No |
Not anymore |
Legal |
No |
Yes |
|
Digital music stores |
Yes |
Yes |
Legal |
Yes |
Yes |
|
Peer-to-peer stores |
Yes |
Yes |
Legal |
Yes |
Yes |
|
Open Source |
Yes |
Yes |
Illegal |
Yes |
No |
|
Artist centered website hub |
No |
Yes |
Legal |
Yes |
No |
|
Artist’s personal website |
Yes |
Yes |
Legal |
Yes |
No |
|
Non-traditional “record labels” |
Yes |
Yes |
Legal |
Yes If used with other models |
No To traditional record labels |
|
Tax-the-device |
No |
Not really |
Legal |
? |
No |
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