After a long discussion with my binomial & friend
Carl Hallard, i would like to share on
Myspace approach of the music industry's value chain... (The picture is
the myspace page of Fancy an emergent french band)
I remember my school's tutors wondered us : "where do you place
So ME (Our platform) on the value chain?" We were not sure, especially because it was a new web 2.0 platforms editor (
Business plan 2004).
So ME, the first launched platform was an
intermediation one for artists and fans (a M
yspace like but with a deeper focus on the relation between fans and artists), allowing "experts" (artists) to sell entertainment/cultural products on the site...
Value chain seemed to be the thing we must respect and we used to say "We respect the value chain and bring solutions". It has been designed to bring promotion tools and revenue drivers for artists, diversity and direct contact with artists for fans, tools for Majors (to select the artist with huge potential artists with an objective approach)
I think
Myspace's success is mainly due to this. They focus on bringing solutions to most of the value chain actors... If you think
Myspace is blog or just "6 degree rule", you're wrong...
We don't need to respect how things goes in the current value chain but we need to bring solutions to actors that are currently involved in. Then when you get most of the market share as Myspace or Apple with the Ipod you can bring your own value chain in a sense.Myspace has created social links between
people around their interests, involving expert as emergent artists, video makers, nights clubs staff... as fans and other
consumers (public), they will start to allow them the generate commercial transactions.
It's relevant to introduce commercial transactions on a Social Network but it's not easy to generate social links based on commercial transactions.
Yes i know that some
people are now engaged after meeting them as sellers and buyers on
Ebay... Just crazy but not very representative...
Why will i need to buy music in a store if i can buy it to "my friend" the artist directly on Myspace?
Today the only reason i could buy music in a store (for myself) is that "my friend" artist told me to, or cause the packaging add a specific value... (I've finally put all my cds' packaging in my cave last week...). I've never buy MP3 files yet but I'm just waiting for Myspace to allow registered artists music sells to do it and I can't wait (yes truly!)
I think
Myspace will become
the first MP3 paid distribution platform, Apple store is not so relevant for M
yspace users...
Myspace could become a strong e-commerce player soon.
Who is going to make the smart move to deploy his CtoC payment solution on Myspace?
. Ebay with Paypal
. Yahoo! / Alibaba with Alipay
. Google with Google checkout
I think it's the most important deal to make this year for Payment solutions to expand market shares. It seems to be Paypal but we don't know really...
Will Myspace and Newscorp turn into e-commerce successfully?
I'm more in love with the e-business than with any company so i hope it they will do it!