music industry

2 statements across 2 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Nov 8, 2021 by Benedict Evans · across every show →

Everything said about music industry, oldest first

Nov 8, 2021 neutral
Insight
Evans: The entire global recorded music industry is a tech rounding error
“The entire global recorded music industry is what, 16, seventeen billion dollars. Global online advertising is three hundred billion dollars. You know, Apple has, what, a hundred and fifty billion dollars of cash? Like, music is just a rounding error for the t…”
Benedict Evans Nov 8, 2021 ▶ 31:38 How to think about tech
Feb 16, 2024 neutral
Insight
Evans: Flat-rate subscriptions cap high-spending whales, failing in books
“With all of these subscription models, you're capping your whales. So with music, you had a small number of people who were paying a hundred dollars a month or more, whatever it was, and now they can only, for CDs, now they can get everything for 10 dollars a …”
Benedict Evans Feb 16, 2024 ▶ 33:45 Breaking and remaking media
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