Is Prince right or not?

Prince in his first interview to a British newspaper after 10 years, explained why he decided his new album “20Ten” to  be released in CD format only in the Mirror, while there’ll be no downloads anywhere in the world because of his ongoing battles against internet abuses. Prince has banned YouTube and iTunes from using any of his music and has even closed down his own official website. He says: “The internet’s completely over. I don’t see why I should give my new music to iTunes or anyone else. They won’t pay me an advance for it and then they get angry when they can’t get it.“[…] “The internet’s like MTV. At one time MTV was hip and suddenly it became outdated. Anyway, all these computers and digital gadgets are no good…

Are Prince’s arguments against iTunes and Youtube justifiable?

Well telling from the following infographic, I guess yes they are…The promises and hopes for a fairer distribution system for music with Web 2.0 seem to have been too idealistic and romantic. The Long Tail story by Chris Anderson,  and the “economics of abundance,” or else how supply and demand are connected through technology and the Internet seem to favor so far only  iTunes, Rhapsody, last.fm and Spotify. Artists receive only a tiny fragment as “thecynicalmusician” describes in his post (where the data of this infographic are coming from).  As another more cynical swedish artist, Magnus Uggla, who pulled his music off Spotify states: “I’d prefer to be raped by Pirate Bay than played on Spotify”. It seems that music streaming is not about fighting piracy, but about companies becoming pirates themselves…I’m ashamed as I have been a supporter and occasionally a subscriber of both of last.fm and Spotify…

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