Will the Next Eurozone Crisis Happen Over Music?
Things suck in Europe right now. If it weren’t for the Germans and the French, the whole continent would have gone down the financial crapper months ago. And it still might happen, something that would have a huge impact on the global economy.
And now here’s something else to worry about: the over-abundance of music services available in Europe.
The Europeans have far, far more digital services than Canada and even the US. While Americans can chose from 24 such services, Western Europe has 465. There are far too many companies chasing far too few customers. That kind of oversupply is unsustainable.
What’s next? Bankruptcies. Collapses. Disappearing streams and the music that people have paid for.
Yikes. Maybe the fact that we don’t have the kind of choice they have across the Atlantic is actually a good thing.
