SubscribeAbundance And Scarcity Economics Shape Media Trends
Posted in Music, Long Tail, News on February 4th, 2007. By Eduard F. Vinyamata.
The perfect example of a Long Tail industry would be the music business, as can be read in a recent article (and in it’s comments) from Chris Anderson. The article explains how abundance and scarcity economics helped some music content creators realize that giving away their music for free, while still profiting on the experience of their live shows, is not as crazy as the music labels want everyone to believe.
With time, this trend may reshape the music industry from the ground up and may catch up in other similar industries under abundance economics. For cinema, television and even the publishing industry, the equivalent of a payed, live music performance could be translated to payed (or sponsored) early/live access to contents before they reach everyone else, for free.
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