The attempt to earn money from subscriptions and ads is fruitless. Those methods of monetization have been around since 1927 and were always a minor or secondary source of income.
Cleveland, Ohio (PRWEB) April 23, 2014
According to Remi Swierczek, visionary behind Discovery Moment Monetization, the music industry has limited time to capitalize from their property. Remi states that as music identification services continue to enable listeners to obtain music for free, music as a merchandise item may not exist in just few years.
“The attempt to earn money from subscriptions and ads is fruitless. Those methods of monetization have been around since 1927 and were always a minor or secondary source of income. In my opinion, all subscription based streamers and “YouTube style” advertisers who focus around free music might be able to generate $35 billion in revenues, at best. The problem lies in $55 billion of lost revenue generated from music sales and radio. I think there is only one real conclusion that came from my analysis. The music industry is going down the wrong path and using the wrong business model.” – Remi Swierczek
Remi’s latest updates on his MusicIndustryRX blog identify two major obstacles that he says need to be addressed to make music a product again. These two major obstructions include getting music streaming services and music identification services on board with his plan, as well as creating “Music Bank” to deliver all tunes to distributors with a custom identification code. In Remi’s eyes, this would allow the proper payout to music creators and distribution participants.
Remi estimates that the music industry in general could increase the 2013 revenues of just $15 billion to an access of $100 billion by 2020 by utilizing Discovery Moment Monetization. His plan involves converting music streaming services, over 100,000 internet and terrestrial radio stations, as well as a few million web sites into music merchants.
Remi Swierczek is an inventor and an entrepreneur who has had many successes in the past in a variety of different industries. He is the owner of Best Laminate, as well as a patent holder for a Music Identification System. For more information regarding Remi and his vision for the future of the music industry, visit his blog at MusicIndustryRX.com.