Have a look at the model… mutual accounting… in a similar way that loyalty points are redeemed be retailers.
And we have a common enemy in Daniel Ek and the 3 majors.
We’re not much of a threat to Bandcamp! But we still have useful brand capital.
Or are Bandcamp too capitalist and unethical for us to deal with? I honestlly don’t know enough about them, but on the face of it I admire their resilience, growth and verall material benefit to artists.
morning all -
@LLK @sganesh @Hakanto i’ve been through the text, made a couple of suggested edits.
please check when you can.
going back through this thread from last night - where are we with the huge discrepancy in the explorer costs? one figure was 17 another was 125?
regarding bandcamp - love them but… they have issues.
but the main barrier for us aligning with them is that they are a private company (as far as i’m aware they don’t have a worker union or any shared ownership with staff or artists) who could cash in anytime they choose and leave us with a less palatable partner. this isn’t what we want for our business or the industry as a whole - so it simply makes no sense to get into a bed with an unquantifiable entity.
something like the download capabilities we must build and control ourselves.
we could sacrifice the building of our own back end dashboard for metadata/reporting/payments, but not control of our downloads!
the buy music club is a hack - bandcamp didn’t want to work with them on it.
also has issues of just mates promoting mates = extreme gatekeeping.
something like currents.fm is more interesting - but their biz model is confusing to me - i think @kavan could shed light on that. they call themselves a non-profit but i think that just means they’re not making money right now! they also promote a lot of spotify playlists, which doesn’t make much sense, i’d like them to take ours but will take dev work. i like the commons aspect but they have very limited audience.
The only way I see it is it’s based solely on niche user (where 5€ gets you roughly 13 hours of music? ) even using the spreadsheet that’s what I get so yeah. If @Sam_Martyn and @Nick_M want to shime in I’d be curious to hear how that number was calculated.
Hey @melis_tailored , it is/will be a non-profit, but the current development work for the site is still at its infant stages, and there are other factors on their roadmap which won’t synergise with any DSPs in the future. Am always open to discuss in person!
I’d love to have an open discussion about currents.fm sincerely. From just looking at it it’s not very clear what it is exactly that the platform provides as a service and I’m always very curious about those types of things (Platforms where “the values” are shown to me first and not “what they do”).
It’s something I’ve been fighting against at Resonate (that we don’t show our values first but our product, and that means our product has to align with our values and then people can dig and find our manifesto etc.) and I’d be curious to dig into these questions with someone working on another platform !
See the pricing and products section of this post.
It was based on discount tiers with simple prices in Euros at Stripe checkout.
People who listen a lot and can get a better price for their credits by paying for more of them up front.
That reduces the amount the co-op pays in transaction fees to Stripe and most importantly gives better cash flow
In the calculator, I included the checkout tiers as they seemed an important factor
in reducing the long term listening cost.
We only have one price at the moment. The spreadsheet calculator anticipates the tiered pricing and savings from buying more credits.
If the coop does not intend to implement it, then take those savings calculations out.
The hours of listening is much harder to estimate. I used a historical analysis of 90k plays at an average cost of €0.026 per play and a track duration of 4 minutes on average. That’s 12.8 hours for €5 I think. Not sure if ‘average’ past listening since inception is what you want to use?
The typically x hours of listening statements are very subjective. It depends on the profile of listening and would need to be supported by better maths and a listener pattern segmentation analysis… statistical evidence rather than the pattern hypothesis in the spreadsheet.
Okay, I got a scenario out of the calculator that matches 16hrs for 5 credits,
8 tracks a day as a niche listener uses 0.153 credits a day which adds up to 5 credits after 32 days so is about a month’s listening. So, 8 x 4min tracks a day for a month is ~16hrs total.
I think I’m struggling with a few things here and so it’s hard to communicate as it all gets balled up together. I’m listing these to express the confusion, there’s no need for specific responses to any of these from anyone (unless you really want of course):
My questions to the community then are:
