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kleinbl00 · 1838 days ago · link · · parent · post: The Economics of 24/7 Lo-Fi Hip-Hop YouTube Livestreams
I honestly believe the calculation went like this: "How many CDs did people buy per year before MP3 was invented?" "About 700 million." "So, like, three each?" "More or less." "At like sixteen bucks a pop." "I know, right?" "That's 48 bucks a year. So... we license everything they would have gotten off of Napster and charge 'em $4 a month. They're legal, we take 80 percent of it and the artists and labels take whatever we give them because something is better than nothing." "Make it $4.99 it sounds rounder. And we'll double it when they graduate."
