That Worldspace is folding up is no longer news. Surely most readers would be aware of The Long Tail. I thought Worldspace was a true Long Tail business, in the sense of tapping niche music tastes the world over and trying to bundle it and make money off it.
Thursday, December 31, 2009
It is well known that making money off the Long Tail is not easy, but Worldspace in that sense was perhaps the biggest possibility. Then again, ipods and personal music players were already there in that space and I am not sure a radio service will be able to compete with this level of personalisation.
That being said, perhaps there was a good opportunity which was perhaps lost. Is this the end of satellite radio or paid radio models?