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backus's profile
John Backus
John Backus
John Backus
@backus

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John Backus

@backus

Seeking alternative compression. Hopefully wrong on average. Shameless. Started @getcognito and @bloom

San Francisco, CA
Joined August 2012

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    1. John Backus‏ @backus Jul 4

      Music industry wasn't just anti-tech By 2000, they were addicted to inflated revenue: album bundling and illegal price fixing meant you payed $15 for a $10 album to get a $1 song. Even if $1 songs replaced piracy, revenue would fall by ~90%. More for fixed price streaming.

      4 replies 6 retweets 36 likes
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    2. John Backus‏ @backus Jul 4

      Recording industry couldn't adapt to the internet because >90% of their revenue was artificially inflated. $15 albums online won't kill Napster. iTunes/Spotify may, but that is almost as bad. Lesson: Bezos-style thin margins mean your rev model can't be used against you

      1 reply 2 retweets 24 likes
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    3. John Backus‏ @backus Jul 4

      Regarding the music industry fixing prices: > Between 1995 and 2000 music companies ... artificially inflated prices of compact discs. ... It is estimated customers were overcharged by nearly $500 million and up to $5 per album https://en.wikipedia.org/wiki/CD_price_fixing …

      1 reply 5 retweets 11 likes
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    4. John Backus‏ @backus Jul 4

      If you think the music industry was disrupted b/c didn't understand tech, you're wrong. They had 2 choices: • Try to kill small companies that facilitated unprecedented amounts of theft. Surely they won't get away with it, right? • Embrace tech; best case lose 80% of revenue

      1 reply 1 retweet 14 likes
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    5. michael_nielsen‏ @michael_nielsen Jul 5
      Replying to @backus

      I don’t think they understood those were the choices. Here’s the CEO of Universal in a very interesting article: https://www.wired.com/2007/11/mf-morris/ …pic.twitter.com/XGkm43EjmT

      1 reply 0 retweets 1 like
      John Backus‏ @backus Jul 5
      Replying to @michael_nielsen

      John Backus Retweeted John Backus

      I love that interview! I read it from the perspective of another author who points out how funny it is for someone in journalism to mock another sector for not adapting to techhttps://twitter.com/backus/status/1007818976343175168 …

      John Backus added,

      John Backus @backus
      Journalist: Why didn't you build your own tech to address internet piracy? Music exec: We don't know how. Imagine you had to operate on your dog. What would you do? Journalist: Personally, I'd call a vet Music exec: 😡😡😡 ... how is that working out for journalism? pic.twitter.com/aIgzaHGwhm
      11:11 PM - 5 Jul 2018
      • 2 Likes
      • Pop Goat * RIP Popson michael_nielsen
      1 reply 0 retweets 2 likes
        1. John Backus‏ @backus Jul 5
          Replying to @backus @michael_nielsen

          yeah I agree that they may not have known how to build a tech business from scratch, but I think there is still something to be said for the fact that they were watching mp3s online in 1997 but were so stingy with licensing that music became notoriously bad for doing startups

          0 replies 0 retweets 2 likes
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