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RE: The Music Industries First Ad-Free Encrypted Music Store- Join the MediaCoin Bounty Program Today!
Nice article! This sounds like great news for the music industry. But will this support services like Pandora and Spotify accessing the music?
I’m definitely upvoting and following you!
@shredz7
Thanks for the comment Shredz. We will be a direct competitor to services like those. Currently, artists get paid something like $.008 by those streaming services when their music is played AND the content is easily ripped off. We are planning on solving both issues by protecting the content of course, but also by allowing the artist to choose the price to view the content.
What will happen eventually is that the exposure artists get on those platforms will be outweighed by the benefits of securing your content and charging a very low rate to view it instead. Streaming services will continue to work with the music that they have, but they will struggle to continue to get new music because artists will choose to keep it exclusive with someone who will keep it from being stolen.
"Free" or even streamed music was never here to stay. It was just propped up because artists didn't have any other options and needed to be on the internet.