An Immodest Proposal for the Music Industry
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From the 1940s to the 1960s, countless millions of people would put a dime in a jukebox to have a single piece of music played for them, one time. If they wanted to hear it again, or to play another song, they'd put in another dime. In today's music business, companies such as Spotify, Apple and Pandora pay fractions of a penny to stream songs to listeners. While this is a big business that continues to become bigger, it fails to cover what the music industry calls a "value gap".
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