Friday, June 19, 2009 4:08:11 PM
I can see reasons for not releasing information right off the top of my head.
Starting with the obvious:
-He's never been one for releasing information nor keeping his shareholders updated.
-To announce something like that would surely impact the pps and if he had any intention of buying back the shares, they'd cost him an arm and a leg.
-To announce something like "We, the owners of streaming music companies would like to announce that we're going to begin cooperating to charge the crap out of the consumer for services which have hitherto been free." would go over like a lead balloon. It would cause many people to terminate their userships just out of spite. This would be a self-defeating gesture which would cause an initial loss of millions in profits before people started filtering back in. And even when they did come back, they may begin using another company that they perceive is better.
-It would alert the artists. Sooner or later one of them would take a calculator with them to the beach and when they saw that these services were all of a sudden able to make millions per month, they're going to want a bigger cut. Right now they're in court battles with radio stations trying to get the exemptions lifted so that they can get a bigger cut of the revenue from radio.
-It would alert the Federal Government. I think this is one of the main reasons why it's taking so long for them to start charging. They've got to find a very subtle way to work out how they're going to start charging everyone in a simultaneous fashion to avoid losing clients when they do it but they can't look like it's a cooperative effort among all the streaming music companies or the government is going to get involved because it'll look like they're conspiring against the public.
Starting with the obvious:
-He's never been one for releasing information nor keeping his shareholders updated.
-To announce something like that would surely impact the pps and if he had any intention of buying back the shares, they'd cost him an arm and a leg.
-To announce something like "We, the owners of streaming music companies would like to announce that we're going to begin cooperating to charge the crap out of the consumer for services which have hitherto been free." would go over like a lead balloon. It would cause many people to terminate their userships just out of spite. This would be a self-defeating gesture which would cause an initial loss of millions in profits before people started filtering back in. And even when they did come back, they may begin using another company that they perceive is better.
-It would alert the artists. Sooner or later one of them would take a calculator with them to the beach and when they saw that these services were all of a sudden able to make millions per month, they're going to want a bigger cut. Right now they're in court battles with radio stations trying to get the exemptions lifted so that they can get a bigger cut of the revenue from radio.
-It would alert the Federal Government. I think this is one of the main reasons why it's taking so long for them to start charging. They've got to find a very subtle way to work out how they're going to start charging everyone in a simultaneous fashion to avoid losing clients when they do it but they can't look like it's a cooperative effort among all the streaming music companies or the government is going to get involved because it'll look like they're conspiring against the public.
