When Old Media buys New Media
So
when I heard that CBS was buying last.fm I had some very mixed
feelings. Certainly, I'm very happy for the folks at
Last.fm. They've done something special and deserve to be rewarded
(and I hope all the money isn't going to the investors). However,
I'm more than a bit worried that CBS, with its old-media ways may screw
things up for last.fm. We've seen it with web 2.0 acquisitions
before, even with companies like Yahoo! that should understand these
things. Remember when Yahoo! purchased Flickr and they almost destroyed the community
by pissing off their users? Social web sites like Flickr and
last.fm are all about the community, and it doesn't take much to piss
off a community. Luckily CBS says that they'll leave Martin, Felix
and RJ in charge at last.fm - nevertheless I worry that the old media
guys will do something stupid with last.fm. Some advice to CBS.
Please don't:
- Surround last.fm with ads and promos such that it is hard to find the site. (like you see at Yahoo! Music)
- Disable or cripple their webservices
- Eliminate ties to other sites such as Amazon and Youtube that may be competing with CBS
- Require legal approvals anytime they want to push a new feature (I've always been amazed at how fast RJ can push out new web services features).
- Piss off your users by doing stupid things like changing their logins or spamming them with ads
- Mix artist promotion with artist recommendation
- Switch the focus from music to video
Please do leave Martin, Felix and RJ in charge and let them do what they do best, which is to make a really cool music 2.0 community. I've heard from folks inside last.fm say that they have been ensured that last.fm will continue on the path it is on. RJ posts in the brand new Last.fm blog that:
- The Last.fm team stays put in London.
- We will continue to execute our world domination plans – our focus is still music and the surrounding ecosystem. The founders (myself included) are still at the helm.
- We have more resources at our disposal now, and more clout when it comes to negotiating licensing deals etc.
- OH NOES UR SELLIN MY SCROBBLES!!1!! — Don’t panic. The openness of our platform and our approach to privacy won’t change.
That is good news. I hope it is true.
Posted by 71.168.146.207 on May 30, 2007 at 07:00 PM EDT #