You should always stick to your guns, right? Well, not necessarily. Plenty of companies have rethought their business model or approach – and you can argue that this kind of flexibility is increasingly important, given the current economic climate. Here’s five music firms that changed something important – their business model, for example, or their user interface.We7UK-based We7 has always focused on ad-supported music, but the format changed pretty drastically in October last year. Originally, the company tacked audio ads onto music downloads. However, its new model is a more standard streaming music service with adverts in between the songs. They claim they’re not abandoning ad-supported downloads – it’s just that they thought the market wasn’t quite ready for them yet. Since then, We7 has focused on promoting its streaming service, revamping its site in the process.ImeemAnother Music 2.0 service that’s adapted with the times is Imeem. Users had been able to upload as many songs as they liked to the service for no cost, but last month that changed. Imeem now charges $29.99 a year if you want to upload up to 1,000 songs and 100 videos, and $100 if you want a higher limit of 20,000 songs and [...]
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