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Music

+ - "Immaterial goods turn out...equally immaterial income"

Submitted by Rick Zeman
Rick Zeman writes: This quote, in an article in Pitchfork, says Damon Krukowski of Galaxie 500 and Damon & Naomi breaking down the income stream (puddle?) generated by both Pandora and Spotify. He observes, "As businesses, Pandora and Spotify are divorced from music. To me, it's a short logical step to observe that they are doing nothing for the business of music-- except undermining the simple cottage industry of pressing ideas onto vinyl, and selling them for more than they cost to manufacture." and that he has "...simply stopped looking to these business models to do anything for me financially as a musician." In addition, he posits that they purely exist to collect speculative capital to enrich their owners.
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"Immaterial goods turn out...equally immaterial income"

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