Streaming radio service Pandora recently announced the launch of a lower-priced interactive streaming platform, the result of its purchase of Rdio last year. Unfortunately, the launch might not have the result many in the music business are hoping for; while it will surely convert a handful of listeners who couldn’t afford the standard $9.99 USD per month price, it won’t move the needle in a meaningful way. That’s because the hardest jump for people to make is not from $5.99 to $9.99 -- it’s from zero to a penny.
in : Music & Technology
With the announcement of Pandora’s partnership with Ticketfly to enable in-app ticket purchases, it appears that streaming services have started to realise that they can’t survive on music listening alone.
Spotify has deals in place with Songkick and Merchbar, and other services will likely follow suit over the course of the coming year.
While these steps are laudable and needed, they are only the tip of the iceberg. For streaming services to survive and thrive, as well as compete with one another, they need to greatly expand their commerce offerings.
With a population of over 250 million, big companies have their eyes set on Indonesia.
Statistics show that the total number of mobile phone users for 2017 is expected to rise to a whopping 173 million, making this country an attractive territory for mobile marketing.
But while Indonesia is a promising market because of the density of its consumers on mobile, geography is a hurdle for all marketers.
With over 17,000 islands and more than 726 dialects spoken across the archipelago, how can brands reach this seemingly fragmented audience?
The influx of capital investments in emerging markets creates massive job opportunities, which in return gives millions of consumers new purchasing power. And with the growth surge of smartphone penetration in Southeast Asia, this region has undoubtedly became one of the most attractive markets for mobile and internet marketing. Throughout the years, I’ve seen how big multinational brands launched aggressive campaigns to win the race of capturing these territories first. But while “first strike” is important, it is equally significant to “strike the right note” with these consumers.
There has been a major shift in how brands, labels and technology providers are engaging and communicating with consumers due to the digital revolution.
What is often seen as three different enterprises leveraging the same universal language — music — must now work out a way to come together and provide the best music streaming services to engage music fans in the most memorable way.
The digital landscape brings us now to a much more sustainable environment that allows brands to measure ROI while sending targeted messages to collect user data.
This initiative drives brand affinity and customer loyalty and increases conversion.
The key to working together more effectively is to move from a client-supplier relationship to one of a more unified approach and economy, namely the partnership between brands, tech platforms and record labels.
Too often, the relationship between industry players is compartmentalised, instead of embracing the opportunity to grow the market together by achieving a common goal.
To collaborate successfully, a transparent and open discussion is needed between all parties involved with a willingness to approach the market challenges with a fresh agenda.