Sorry this wasn’t meant for public viewing but I thought I was being smart by sending it as a complaint clearly all the major tech companies make it deliberately difficult to do this by email and instead make the process as complex as possible so I’m posting on community sites now.
Business idea
I’ve been trying to come up with an ethical business idea and think I have one you may be interested in. It was inspired by the success of the neil diamond classic Sweet Caroline and watching the amount of time my friends and family spend checking their coin investments on their phones.
That song has always been a personal favourite but when the England international football manager played it for his team I realised that a whole new generation were going to hear a lot of that song. I anticipated that it was going to be a massive hit again and would have loved to invest in the streaming or publishing rights. Through the last couple of years this song has become an anthem at sports events in Europe. This missed opportunity got me thinking that this opportunity should be available to music fans.
Everyone loves music and most people think they have great taste in music too so that’s a large group of customers right there. From that large group I anticipate that many people would love the opportunity to own a little bit of something they love. The people that think they have great taste in music are likely to invest in up and coming artists, hoping to make a profit as they share this new music with their friends while knowing they are supporting the artists they like in any case. Most new bands struggle financially initially and I’m sure they would sell their streaming or publishing rights happily at a level they can set themselves. At the very least family and friends of the new artists would buy rights just to help them out and again encourage others to have a listen.
Established artists can also benefit from this by allowing their fans to buy into the songs they love. My one would be morning afterglow by electrasy. I know this will never make money as it was never a hit at the time and is now about 25 years old, but I’d love to give my wife a gift of that certificate of ownership of that particular song no matter how tiny the percentage. I’m sure that loads of couples would feel the same way about their song. I’d also like to do the same for my youngest daughter,Grace who was named after our favourite album by the sadly missed Jeff Buckley. If you haven’t heard this give it a listen I promise you won’t regret it. Obviously there are multiple ways to merchandise the gift side as well certificates, but I’m sure you have people way smarter than me to maximise that market.
This is also going to increase airplay for the music that they buy as they tell friends and family their story, while bringing more traffic to your website as people check on their investments.
The same system can be used for artists in many fields such as television and film production. My eldest son is a fantastic cinematographer and has made a few films locally on tiny budgets. They have had some success raising small amounts of money through crowdfunding, but what if their friends and family could easily invest in their movies using an app. I would and I believe most parents, relatives and friends would do the same at a level they can afford, with no real expectations of making a profit.
I’m a big American sports fan and know a little about the difficulties of the transition of college athletes to professional teams and being unable to make money using their image rights etc. Can they get around this problem by releasing music? I’ve seen the fanatical support for the big universities and I’m sure those fans would buy their music, no matter how terrible, just to help them out or perhaps stay for another year before turning pro.
This is a large scale idea with only several company’s in the world with the resources and contacts to make this work so I’ve sent this email to a few random people in these companies in the hope that I’ll at least get some feedback on my idea. No hurry as I think it’s too late to get things in place for Xmas but then again the world moves so quickly nowadays that this maybe possible with your smart tech guys. The good thing is it seems like everybody wins with this idea. The customers get what they want, the artists get support in the early stages of their careers and established artists can sell more of their classic tunes. I think the biggest winner will be the tech company that takes this on as it’s likely to increase income and traffic to their site while improving the image of their brand.
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