Sony Exec Says Spotify Could Be The Next MySpace
“Spotify has been one of the first companies to be able to really make a statement about subscription services that has made sense to consumer," Tim Schaaff, president of Sony Entertainment Network reporters in London earlier today. "But it’s early days and we used to think that Myspace was going to dominate everything in social networking and they’re gone. They’re gone.”
Schaaff does not believe that Spotify will dominate subscription music in the same way that iTunes does music downloads. “It’s certainly not in the label’s interest to have one company dominate everything,” he said. :That’s not likely to happen, that doesn’t happen in general.”
Of course, part of Schaaff's job is to see that Sony’s Music Unlimited and Video Unlimited services is a hit beyond its own Sony Playstation platform.
“This is going to be a long struggle, it’s going to be a very messy competitive landscape,” he told Electricpig. “Sony’s in this for the long run and we’ve got the kind of financial stability to survive through the ups and downs that industry is experiencing as we find the right formula for this experience.”
No shit, Einstein!
Most internet companies run their course.
But, you (Sony) own part of Spotify, as do the other majors.
“But it’s early days and we used to think that Myspace was going to dominate everything in social networking and they’re gone. They’re gone.”
That’s cause you major label types are $%#&ing retarded. MySpace is “gone” because it was a shitty social network – the only thing that kept it around WAS the music element.
This might be the most asinine quote I’ve read in a while.
Now considering that this line in the sand as been placed. (i.e. the moment we figure out how to make this happen without you then BAMM where gone)I would think that any site that wants to have a sustainable model will have to make it’s bones with the indies.
No one should ever doubt the greed of a Multi-National Corporation. They’re in it to win it and if it means tearing down their own creation then so(ny) be it.
bwt myspace is not GONE. It’s still one of the most visited sites in the world.
Alexa Traffic Rank Reputation
130
Global Rank
108
Rank in US
Totally agree with him. From a user perspective, Spotify always had the same sort of clunky design and slow response which saw Myspace’s demise. The perception of Spotify is already pretty negative, even if it is growing.
Spotify is a very regional service. Myspace is international. Here in Germany, Spotify are a no-show so I just don’t believe the hype.