This blog contains posts and comments written by students in Dr. Tufte's economics classes at Southern Utah University.
11/29/2005
Music Downloading
Many companies have attempted to provide online downloading sites for music at affordable prices. But, it seems like all failures because people are still able to download for free, committing piracy, so there's low demand and willingness to pay for it. MusicLand is opening an online music downloading site that will also offer sales of concert tickets and other links. You would think that they had hopes for a profit, but its actually the exact opposite. It's true people want to be able to downloand the exact songs they want quick and easy in their own home, so give the consumer what they want right? I don't understand why a company would go out of their way when there isn't any money to be made. Maybe it helps the iPod market, I don't know you tell me........
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1 comment:
-1 on Maddy's comment for poor punctuation.
I think Bree missed the ManEc here. The site proposed by MusicLand is a way to attract surfers to their other online shopping sites. This is a loss leader - and they hope they are bundling the overall package in a way that makes money.
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