Music Consumption Faceoff: Subscription Vs. Ownership

Posted Wed, 02/03/2010 - 03:13 by Mashable

Mashable was in attendance at today’s New Music Seminar in Los Angeles, where Spotify CEO and co-founder Daniel Ek gave an excellent keynote about the state of the music industry and the re-emerging subscription model. Since we have new music on the brain, we wanted to pose a relevant question for this week’s Faceoff Series head-to-head matchup. Which music consumption model do you prefer: subscription or ownership? It’s no surprise to anyone that the third answer — or how the majority of music consumption happens today — is, “Neither; I get my music for free.” But the statistics are starting to show that fans are still eager to support artists, and that even the people who increase their free music consumption tend to also increase their paid music consumption at the same time. So if and when you do spend money on music, how do you like to do it? Do you need to own every album in your collection or does the all-you-can-eat, on-demand subscription model seeing a renaissance with services like MOG and Spotify pique your interest? Which model do you think is better? Let us know in the poll below. Who would win in a fight: Music subscription, or music ownership?(survey software) Tags: business models, music, p2p, social media, subscription, web faceoff

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