We7 CEO and co-founder Steve Purdham is over the moon at achieving a BT Digital Music Award, but warns that the industry remains under threat – even at this stage in its evolution.
“The digital world is about to go through another upheaval with 1 billion streams on MySpace Music, We7 Launching in November and Apple threatening to pull the plug,” he said, speaking to Distorted Loop just in advance of the revelation of the royalty deal for publishing in the US announced last night.
Despite the hubbub of activity, Purdham thinks there’s still significant challenges to the development of the digital music industry.
“All of this activity shows two things, first the demand for digital music is outstanding and if allowed to flourish will build a very healthy business for artists, labels and fans alike,” he said, warning, “but at the same time the fundamental economics of the industry are still trying to kill off the opportunity rather that allowing it to grow.” Continue reading →
We7, which recently signed EMI for its ad-supported streaming music service, now has a catalogue of over three million tracks. But the site claims that it is now a challenge for its users to discover new music based on tastes due to the huge choice available.
TheFilter.com’s integration into the We7 service will combat this problem by giving users access to its smart filtering tools. The tools use an advanced mathematical algorithm to filter out music that a user will not like and filter in content that reflects their taste. Continue reading →