Are you willing to pay $600 for an online music service?

Last Thursday in my Digital Strategy class at the University of Oregon, the students and me spent a few hours trying to upend assumptions and clichés in different business models. Following some of the ideas in Luke Williams' book, Disrupt, we took the first steps in crafting a disruptive hypotheses by looking at disruptive marketing opportunities and then settling on some disruptive ideas. The Monocle magazine example of creating the subscription-premium plan for pricing, by breaking the pricing cliché, sparked a lot of new ideas. We haven't yet reached a single, disruptive solution but we did get to a disruptive idea: How can we disrupt the competitive landscape of the Internet music industry by delivering an unexpected solution? That idea is an extension of my post - Why does Pandora exist? This particular exercise will continue into next week but in the meantime some interesting results came up when we started to ask each other what were our favorite online music Apps or web services. We started out by asking ourselves - What if record labels didn't exist? What do record labels do, and what would happen if they disappeared? Here's some responses:
Clearly there are some assumptions in that list and so we set about dismantling them:
Ok, so we dismissed some assumptions but I still had a question. Given that my students had posed the first list of considerations re a label-free world without having time to research the subject, I asked them - what do record labels actually do..? The answer - we don't know? Which is very interesting to me. Or not. Research is critical. Read the rest of this post here.


