I'm no economist, but it appears as though some sort of trend is taking shape. |
But music's evolving relationship with the Internet goes far beyond Youtube videos. The Internet is now allowing music consumers to share their musical tastes with others and discuss their favorite artists and songs. On 8tracks.com people can contribute personal playlists and connect with other users that share similar tastes. Another website called Mog claims to allow users to "discover people through music and discover music through people."
The digital music revolution coincides with the rise of social media networks that are sprouting up around every corner of the Internet. Music consumers on the web are increasingly idiosyncratic, demanding comprehensive forums through which to consume music. People's tastes vary significantly so websites face the challenge of developing a strong business model whilst simultaneously appealing to a diverging audience; The once-popular "Imeem" failed at this and eventually went under. Successful social music sites allow artists and listeners to interact, but also allow consumers to develop an online musical "identity." All of these things are easier said than done, and require creative developers and programmers that can identify the needs of music listeners.
As I explore different social music networks, I am finding that there is more than one way to skin an mp3 (forgive me). Each of these sites tailor to different audiences and utilize a broad range of tools and functions. For a general recap of the most popular social music websites, check out THIS ARTICLE, which explains how different sites are tailored for specific uses. Some sites, like the extremely popular Pandora, focus more on music streaming, while others like Buzznet allow users to connect with each other and share their music-related ideas. Other popular sites include TheHypeMachine, Myspace, Purevolume and iLike. Each are considered social media sites, yet they all serve quite a range of different functions. TheHypeMachine, for example, is a blog aggregator, which indexes popular songs/artists circulating the blogosphere. It is essentially a mothership blog, where music seekers can branch out to new blogs and find the latest hip songs.

Fans of particular bands can chat on forum pages that amass lists of the latest news and activity surrounding an artist. Take for example the page for the group Nirvana. Here you can see what members are listening to the group and what they are saying. Furthermore, thanks to the "scrobbling" feature, users can connect in real time with others whom are currently listening to the band. These and many other features are helping bring listeners (and to a lesser extent artists) into a forum in which they can share and discuss music.
The amount of music circling the web can seem overwhelming. However, sites like Last.fm, TheHypeMachine and many others are developing innovative ways of bringing it all together into an interactive and comprehensive forum. The digital revolution is changing the face of music, in ways both good and bad. In the years to come I expect that several of these music sites will consolidate, as a newer corpratist business model begins to form. In any case, the future of music online seems bright, as long as it remains open and ubiquitous.
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