2005, Oct 27
Music Shops Come of Age
In case you haven’t noticed already, and I still will be pretty amused if you really haven’t, online music shops are really coming up big time. And they are doing really good too!
First, Apple hit it huge with the iTunes Store, which just opened up it’s Australian website down under. Many me-too sites have come up, following iTunes, wanting to cash on in the opportunity. At 99 cents per song, it’s not that very expensive by American standards. Plus, the satisfaction of a legal download. But this is not a post about that.
This post is instead a showcase about the VSNL – Tata Indicom and SoundBuzz collaboration. Yes, it’s a music store, targeted to the Indian audience. You need to have a VSNL Internet Account, and the same ID can be used to login to the online store. There is a decent selection (over 300000 tracks) from SONY BMG, Warnern Music, EMI and Universal. And each download costs something between Rs. 8/- to Rs. 20/- per song.
What is interesting is the revenue model. The amount is deducted from your VSNL account, or if you are with post-paid plans, you get a bill for those downloads. The downloads themselves are in WMA format, and the site uses DRM allows you to make three copies of the file. One for the host machine, the other for your supported portable player, and a third for burning to a CD.
The way this has been tied about the VSNL account is awesome. It speaks volumes about the market strategy being used by the moguls of the Tata Industries. Hats off to them!
As far as I can tell, when they start advertising this explicitly, people are going to get hooked. Yes, the cost is a little deterring at present, but if iTunes is any indication, people will still flock to it. This has interesting repercussion for the entire Indian music industry. Hope they don’t screw it up!
Even more, it means that companies are growing up to recognize the potential. And that internet is growing in India. If a company can decide to actually go the distance by setting up a working e-shop, they are already there. Wonder what is the current download rate… This is going to be one hell of a thing to follow!
I’m simply glad that this is happening in my lifetime.
===============
DISCLAIMER: I do not work for, or endorse, or receive any renumeration for this post. Though if any one feels that this blog is a good enough medium, I’ll be willing to consider.
-
http://www.blogger.com/profile/5154159 rohit bhute
-
http://www.blogger.com/profile/5154159 rohit bhute
-
http://www.blogger.com/profile/5164138 Hrishikesh
-
http://www.blogger.com/profile/5164138 Hrishikesh
-
http://www.blogger.com/profile/5164138 Hrishikesh
-
http://www.blogger.com/profile/5164138 Hrishikesh