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Monday, October 29, 2012

Trade Review: Week Nine (1/2)


8Tracks, a new iPhone and Android app that allows users to stream playlists created by other users is becoming a hot topic in the app market. 8Tracks encourages legal, peer to peer sharing of playlists that are tailored to specific moods, settings and events. With playlists themes ranging from parties to studying, 8Tracks hopes to take advantage of preexisting business models like social media and music streaming to attract more users by integrating both of these models into their interface. The biggest appeal to 8Tracks is that celebrities and DJs alike are creating playlists for their fans to listen to as a better way to connect with fans: “there's something special about listening to a playlist that's been curated by hand with real thought about how the songs flow together” (Henry).  8Tracks’ app lets users search for playlists based on song titles, keywords, artists or account names as a way to “find something new to listen to…connect with the DJ that created the playlist, stay up to date on new mixes as they're posted, and discover new songs based on what you're in the mood for” (Henry). However, the most interesting aspect to 8Tracks is that it will not charge an app purchasing fee, subscription fee, downloading or streaming fee, nor will there be any advertisements in the interface. This troubled me because I do not know how the company plans to obtain revenue to support the royalty payments owed to artists, let alone payroll for 8Tracks’ employees. 

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