The Open Music Model is an economic and technological framework for the recording industry based on research conducted at the Massachusetts Institute of Technology (MIT). It predicts that the playback of prerecorded music will be regarded as a service rather than individually sold products, and that the only system for the digital distribution of music that will be viable against piracy is a subscription-based system supporting file sharing and free of digital rights management. The research also suggests a price point of US$5 per month for unlimited downloads as the market clearing point. Since its publication, a number of its principles have been adopted throughout the recording industry.
Read more about Open Music Model: Overview, Industry Adoption
Famous quotes containing the words open, music and/or model:
“To open a book brings profit.”
—Chinese proverb.
“I think sometimes, could I only have music on my own terms; could I live in a great city and know where I could go whenever I wished the ablution and inundation of musical waves,—that were a bath and a medicine.”
—Ralph Waldo Emerson (1803–1882)
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—Mrs. H. O. Ward (1824–1899)