Music’s digital revolution has not only transformed the way we consume, but also paved the way for new business models to develop on the back-end.
Sony had all the hard components needed for a streaming service and it launched one 4 years before Apple but lack of understanding in user expectations cost them to turn the service down.
Founded in 2005, Hype Machine sources music through a hand-picked catalogue of music blogs from around the world.
For almost 15 years the success of Apple’s devices and iTunes services has been primarily based on indirect network effects. Now the rapid growth of music streaming services shifts the focus towards direct network effects.
YouTube is the master of both direct and indirect network effects. Take a look…