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Jobs Says People Don't Want to 'Rent' Music
eldavojohn writes "PhysOrg is running a piece on a recent speech by Apple CEO Steve Jobs about DRM free music. While we know that Jobs is a self proclaimed proponent of DRM free music who's not all talk, he's now said that 'by the end of this year, over half of the songs we offer on iTunes we believe will be in DRM-free versions. I think we're going to achieve that.' Jobs pointed out what's obvious to us, the consumers, but isn't obvious to the music industry — 'People want to own their music.' He also dismissed subscription based music as a failure, and claimed a lot of other music labels are intrigued by the EMI deal."
... that Apple's clout is sufficient to a) hold the price line on the renegotiaed contracts with the other 3 and b)that those 3 will jump on the non-DRM bandwagon. BUT - i fear they may pull their contracts to greedily make more money elsewhere, and to try to spur lagging CD sales.. Although, even if they did that, seems to me Job's prediction of 50% non-DRM music on iTunes is all but guaranteed.
Consumers want what gives them the best deal.
... if you download less than 120 songs per year (or less than 12 albums), buying your music is a better deal than renting. If you download more than 100 songs per year or download more than 10 albums, renting is generally a better deal IF you believe that (as a general rule) you will want to continue download at that level or higher for the foreseable future.
In most cases, buying a house is a better deal than renting a house. Hell, my mortgage payment is $300 less than renting the equivelent home (and that's before accounting for taxes). Buying is a no-brainer.
Music isn't as clear cut
Perhaps Mr. Jobs would like to expand his "you bought it, use it as you wish" philosophy to the OS he sells.