5 Questions with Steve Skrzyniarz, Co-Founder and CEO of SoundflavorAuthored by Jay Baage on October 5, 2006 - 4:26am.
DMW: What is your business model? Skrzyniarz: We have several. We license our software (search technology and recommendation engine) to music publishers. Then we are now moving into the consumer space, with commission on sales of, for example, concert tickets through our recommendation engine. We also have straight advertising revenue and artists and labels paying us to include songs in our recommendation engine. Is the Music Business in as much trouble as some say? It needs to change, but digital technologies opens up all these new opportunities. iTunes sold over a billion songs so far. That is a lot. Do you see any real competition to iTunes on the horizon? Sure, Microsoft and Zune for example. But for now they are the market leader, which is why we choose to build our application for iTunes. Own or Rent as the way to access music? I am pretty neutral on this subject, I think both models have merit. I myself tend to buy music, but we have designed our software so that it won’t matter what models consumers choose. Our software will work with a subscription service too. What do you think about advertising funded free music services? The advertising needs to be contextually relevant, mass marketing is not as effective. That is where music recommendations comes in. They will be very important to the sales of music going forward. Related Links: Soundflavor Debuts Music Search and Recommendation Technologies www.soundflavor.com More Coverage of Digital Music Forum West 2006 tags: Internet | Marketing | Tech | Music | Apple | Microsoft | iTunes | Interviews | DMFW | Soundflavor | 5Q |
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How is Soundflavor any different to other players?
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