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Old 4th Jan 2019, 5:03 pm   #67
Grubhead
Heptode
 
Join Date: Dec 2016
Location: Sheffield, South Yorkshire, UK.
Posts: 539
Default Re: HMV in administration.

I don't think it's the end of owning music. The problem is that the streaming sites are not paying the full cost of the music. One artist said that after over several million streams on Spotify they got a royalty check from them. And then sent a reply back and said "another one of them and I will be able to afford a year's subscription to Spotify".
With that kind of indirect subsidy it's no wonder Spotify and the like are doing well and HMV going down the pan!
Of course it can't last and the gravy train that the public are riding with millions of almost free songs will have to paid for at their expense down the line.

WH Smith are still going due to the book market. Even though you can get books cheaper on Digital, it's not the same as a printed book. You don't have to recharge the reader too!
And many people are idle when it comes to searches on the net. I think they would sooner go looking around a book shop.

Last edited by Grubhead; 4th Jan 2019 at 5:09 pm. Reason: Extra information
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