... wow. Ben Affleck perfectly predicting Spotify and Netflix in a random 2003 interview Almost exactly right about the unit economics of annual music subscriptions and the timing of online movie streaming. Solid point too on how shareware (Napster) is a necessary predecessorpic.twitter.com/mpEgRPK4zL
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Fun fact: Music industry revenue actually went UP after Napster took off. It didn't start plummeting until the iPod was releasedhttps://twitter.com/backus/status/1006242203050610688 …
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People in the 2000s warez scene risked going to prison in order to leak music online, pseudonymously. When you think about what motivates people, does your model explain the warez scene?https://twitter.com/backus/status/1006391268216205312 …
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If you're interested in the connections between p2p file sharing history and blockchain, I've written about a bunch of connections in this article:https://medium.com/@jbackus/fat-protocols-arent-new-42d2c538db41 …
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By the way, I found this clip by digging through the
@internetarchive’s incredible resources which include a lot of old TV news clips. I basically spent last night watching everything that comes up when I search “file sharing”Show this thread -
MP3s catalyzed the music revolution by compressing music to 1/12th the original file size. Did you know that a lot of the compression techniques work by reducing the quality of audio that the human ear can’t pick up?https://twitter.com/backus/status/1006958023321870337 …
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Music studios were slow to embrace music subscription services like Spotify for many reasons, but IMO part of it was that even a complete elimination of piracy in favor of subscriptions would have destroyed most of their revenuehttps://twitter.com/backus/status/1014664705544089601 …
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End of conversation
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Worth noting the difficulty for emerging artists and small genres in this environment, and that the system implicitly favors back catalog (sunk cost content) over new releases.
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Same with OAR
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