Top iPad Music Apps (a/o June 19th):
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We thought concepts like micro-stores and fan-based reselling got washed away years ago. After all, isn't the world increasingly conglomerating around the likes of iTunes, Amazon, and Spotify, instead of spreading towards the digital bodega? Isn't this story about a few, gigantic winners, not a sea of specialized sellers?
Maybe there's an angle we're missing here. Enter reKiosk, a startup whose model revolves around user-created digital stores, for independent music and ebooks, as well as other assets like short films.
The idea is pretty much what you'd expect: start a customized store, pick a bunch of eligible items to re-sell, and take a much larger cut. Which means instead of Apple taking 30 percent, the smaller reseller takes 30 percent (costs and fees make the actual payout closer to 25 percent).
So what's the void here, the problem being solved? One is personality, or lack thereof at larger outlets. There's certainly curation and content guidance within massive music applications, but maybe not enough: for example, indie content is available on iTunes, but for all practical purposes is often completely buried in an avalanche of 28 million songs. Which means that a charismatic blogger can bring out these works, and get a much better cut than a referral fee.
Then again, bands sell their own stuff on their own sites, not to mention outlets like Facebook. And fans of targeted blogs and bloggers are oftentimes in for the tastemaking, not the purchasing. Indeed, if there is a purchase to be made, it often goes where the credit card is already swiped - ie, iTunes, Amazon, etc., which is part of the story on why startups like Snocap, Passalong Networks, BurnLounge and others became carcasses.
Other brave re-selling ventures are still alive, including ReDigi. And one backer behind the reKiosk concept is Benji Rogers, CEO of another once-exotic idea, Pledge Music.
@squishbelly Monday, September 03, 2012
Approximately zero future in this.
Jeff Robinson Tuesday, September 04, 2012
Really? This has Pitchfork written all over it...
Tune Hunter Tuesday, September 04, 2012
Yes, there is! Stop free music ID, we do not need to please S. Jobs anymore. (Shazam, Sound Hound, Gracenote are your saviors providing services for free and starving themself and the investors)
Stop lirics search too!
Now it is up to the labels to reward folks who provide the biggest goodwill that ever existed.
Brick stores with CDs never got close to this hidden power. So lets stop this industrial prostitution and convert all those free apps to cash!
whatever Tuesday, September 04, 2012
Isn't this what People's Music Store did? And failed, unfortunately . . .
YeaOkay Wednesday, September 05, 2012
Yawn
Myles na Gopaleen Wednesday, September 05, 2012
Can internet retail/distribution reverse the traditional brick and mortar retail business evolution?
i.e. mom and pop (hardware, book, grocery) store gets squeezed out by (Home Depot, Amazon, Safeway) mega store.
Can boutique music distributor cut into Apple profits/marketshare?
It is worth trying. I would risk someone else's money on it...but not mine.
sonqiuarium muzika Wednesday, September 05, 2012
Can boutique music distributor cut into Apple profits/marketshare?
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Not a chance. Not even in my world of "EDM". In fact, beatport who was once just a digital store for dance music is not a distribution team, who distrubutes artist to Itunes. They competed and now, they have joined Itunes.
Since I stop pressing vinyl in 2003, I tried many avenues, over 100 different retail sites to sell my EDM. The only one that stood the test of time has been Itunes. I signed directly with Itunes, no middle man. I keep a lot of my profit and now that I fired Ingrooves (Well did that two years ago) and took over my own destiny, I keep far more profit and sales have increased month over month for the last year and a half.
Could someone give Itunes a run...or at least try. Sure. Will they be successful as a new outlet. Sure. Will they put a dent into Itunes....NOPE.
You want to buy music from myself or artist on my label, you go to Itunes. For my remix's, you'll find stuff on beatport, etc. But for my label....Itunes only now...since 2010.
Nothing beats it, nothing can put a dent into it so far. Itunes will be the king for many years to come. Streaming ....NOPE.....can't make money and very few people stream. Numbers do not lie.
Presuminged Saturday, September 08, 2012
Label sets up kiosk for their artist.
Gets 95% of the sale. Pays artist their cut.
Artist rekiosks own album from label.
Label makes 70% same as iTunes.
Artist sells to fans directly from their kiosk.
Artist makes their cut from the label + 25%.
In some cases this would double the income for a signed artist.
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