digitial music posts

Feed

Google: Another nutty plan to sell music online

Almost every consumer electronics company and large website has a way for people to download songs and pay for them. Even Nokia (NYSE: NOK) has set up its own system to help it sell its handsets.

Now Google (NASDAQ: GOOG) wants in. It will allow users of YouTube to download songs from Apple (NASDAQ: AAPL) iTunes or Amazon's (NASDAQ: AMZN) service. A YouTube visitor can watch a music video and then get the music. According to The New York Times, "If you like the song, you don't need to leave Google or leave the site to buy it," said Bakari Brock, business affairs counsel at YouTube.

Google may have trouble making money on YouTube, but the program is probably not the answer. The system supposes a radical change in online behavior where most people looking for songs go to music download sites such as iTunes and people who want to watch low-quality video go to YouTube. A music video on YouTube allows consumers to listen to a song for free. That may undermine getting people to pay for it, and some YouTube visitors may just pirate the music.

The new service is an example of how the failed economics of online video and social websites such as Facebook have forced the companies to do nearly anything to bring in money. The faltering online advertising market will probably increase the number of these programs, but that does not mean that they will work.

Douglas A. McIntyre is an editor at 247wallst.com.

More waiting for Beatles downloads?

Though the annoucement by Apple Inc. (NASDAQ:AAPL) and EMI Group Plc. (OTC: EMIPY) last week that ended the British record label's use of DRM technology for everything but the Beatles, more news is emerging that affects fans eager to download the band's songs.

NME is reporting today that Neil Aspinall, a friend of The Beatles and the manager of their Apple Corps. record label since 1970, has stepped down.

Aspinall was responsible for The Beatles catalog and any release it would have had with digital services. It had always been assumed that he was responsible for keeping the catalog from the digital market, though his position obviously had changed in the last couple of years. According to the report, new manager Jeff Jones' first task at Apple Corps. will be to get the catalog ready for digital availability.

Clearly, more waiting is in store for Beatles fans. This got me wondering though about why Aspinall, who was in one of the highest positions of any record company (who wouldn't want to oversee the release and promotion of The Beatles material, seriously), would choose to leave the company at such a pivotal moment. The NME article was vague on that point.

Perhaps Aspinall's reluctance to take the catalog digital was a factor and despite what appeared to have changed in the last few years was in fact bowing to pressure from EMI and the market. It's just a guess, but it seems plausible. At the same time, it could just be that he is tired of the responsibility. That too is certainly understandable.

Nevertheless, and despite my wondering, waiting is going to be a continual game for Beatles fans and music consumers. We may never know why such a pivotal figure in Beatles history left their company, but that is just another peg in the waiting process.

Symbol Lookup
IndexesChangePrice
DJIA-19.1215,335.28
NASDAQ-2.543,496.43
S&P 500-1.181,666.29

Last updated: May 21, 2013: 03:40 AM

Hot Stocks

General Electric

23.57+0.11(+0.47)

Alcoa

8.76+0.15(+1.74)

Apple Inc

442.93+9.67(+2.23)

Google Inc 'A'

908.53-0.65(-0.07)

Bank of America

13.51+0.08(+0.60)

Wal-Mart Stores

77.40-0.47(-0.60)

Exxon Mobil Corp

92.52+0.76(+0.83)

Ford

15.05-0.03(-0.20)

Citigroup

51.60+0.15(+0.29)

IBM

207.60-0.84(-0.40)

Yahoo

26.58+0.06(+0.23)

Starbucks

63.83-0.30(-0.47)

Microsoft

35.08+0.21(+0.60)

Home Depot

76.76-0.10(-0.13)

DailyFinance Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

Page Loaded in 1369122005831 ms.