After raising more than $12 million and promising to revolutionize digital music with Pono, Neil Young is making his believers wait. As of Monday morning (May 16th), Neil Young’s just-released ‘Love and Only Love’ is available only as a pre-order on PONO, while Tidal enjoys the full exclusive.
This goes hand in hand with what I was writing about today--streaming is the preferred business model for people who run music companies and have content to sell. Creating walled gardens and selling downloads isn't going to have much of a future when these technologies die out.
The guy who made this happen--and collected over six million dollars in cash from people who wanted the product--won't even support his own technology. What does that tell you about the future of the music business?
And what's really sad is that there are always going to be people who prefer a collection to a menu.