Wednesday, September 24, 2008

How I helped save the music industry

Hyperbole? I think not. Here is what I wrote on October 13th of last year:
Digital music is certainly a growth sector. People love buying music online. But there is an old school segment of the market that still isn't all that big on the internet. So for them, and for some who are internet savvy but love shopping at bricks and mortar stores, set up kiosks in record stores and big boxes. Partner with flash drive manufacturers, and at these kiosks sell flash drives filled with music that the user can sample and select from on the computer screen.
I had a more primitive version of this concept on May 4, 2006. So what's on the horizon? This.

SanDisk (NASDAQ: SNDK) today announced "slotMusic," an initiative that aims to position its microSD memory cards as a new music medium. The vendor has partnered with the major music labels EMI Music, Sony BMG, Universal Music Group and Warner Music Group to produce microSD cards preloaded with music free of digital rights management (DRM) copy protection.

The cards will be available from both online and retail stores including Best Buy and Wal-Mart, SanDisk said.

You're welcome, music industry (and memory card industry). If you'd have listened to me earlier, you'd be all the richer right now. You may deposit, out of goodwill, a small fee in my checking account at any time.

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