Digital Music Stock Market?

tommertron writes "Adam L. Penenberg has a column on Slate about about the pricing of digital music, specifically, iTunes' 99-cent-a-song model. Basically, he suggests that song prices be determined by market forces, just like stock and commodities markets. The more a song gets downloaded, the more it would cost. Song by big-name bands would cost more, and lesser-known acts would cost less (with a minimum of 25 cents.)" From the article: "Steve Jobs, who has been willing to take a few pennies per download so long as he sells bushels of iPods, calls tiered pricing 'greedy.' That view is shared by millions of consumers who believe the record companies have been gouging them for years. From the buyer's perspective, however, Apple's 99-cents-for-everything model isn't perfect. Isn't 99 cents too much to pay for music that appeals to just a few people?"

Comments

Love this idea

[spacedx]

This is great -- as long as the maximum price is 99 cents.

Re:Oh, for God's sake

[jimbolauski]

I like the idea of stock market songs I could be one of the first to purchase the song for $.99 and then could sell it back for $1.25. I'm sure I could write a simple script that would purchase new songs by popular artists at since price would be based on sales and make a fortune. By the way I am patiening the idea of creating a script or a program to purchase online music and then resell it at the ceiling price.