Music Industry

Published on May 6th, 2016 | by Alan Cross

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Interesting Move: Apple Music Offers 50% Discount to Students

File this one under “Damn Millennials.”

If streaming music services are going to survive (or at least have some hope of turning a profit), they need to attract more paying subscribers. A lot more. But there’s a big, big problem.

Millennials and the generation behind them stream more music than anyone. However, most studies on music consumption say that people under the age of 25 spend no more than $40 a year on buying music. A year. They get everything they want from the free tiers of streaming music services and YouTube. That means asking them to spend $120 a year on a streaming music subscription is pretty much useless.

Apple’s Hail Mary plan is to offer students a steep discount. Instead of $9.99 a month, rumours are they plan to set a $4.99 price point for a new membership option. This offer is apparently coming to the US, Germany, Denmark, Ireland, Australia and New Zealand. (Sorry, Canada.)

TechCrucnh continues:

The cost reduction will be available for up to four years following sign-up, and those years don’t have to be continuous. In other words, a student who takes breaks in between semesters can still sign up for a student membership when they return to school. In addition, those who are enrolled in Master’s programs are also able to sign up for a student membership, as it’s aimed at anyone attending college or university, regardless of degree.

Again, sorry Canada. I’d love to know why we’ve been left out.

 




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About the Author

is an internationally known broadcaster, interviewer, writer, consultant, blogger and speaker. In his 30+ years in the music business, Alan has interviewed the biggest names in rock, from David Bowie and U2 to Pearl Jam and the Foo Fighters. He’s also known as a musicologist and documentarian through programs like The Ongoing History of New Music.


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One Response to Interesting Move: Apple Music Offers 50% Discount to Students

  1. It’s not just young folks, I am easily old enough to be a millennial’s father, I have not purchased any physical music since 2004 or 2005.

    There has been lots of great music made since 2005, and the means to carry and play it have gotten infinitely better, but I just don’t feel the need like I used to in the 80’s and 90’s, and that’s when a CD was far more expensive.

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