Record Industry Tries To Save Itself By Distributing Online Content On A CD

Welcome to another edition of the unintentional irony files. Today's target, the record industry. Their special new idea? The ringle.What's a ringle, you may ask? It's the latest brain burp from the recording industry, you know, the industry that stubbornly refuses to learn how to evolve its business model? Yeah, that one.

Anyway, the ringle is a combination of content offerings in one package: a popular song track, a remix, an older track from the same artist, and a ringtone. All sold on one CD. That's a right, a CD. You know, it's sort of like an 8-track, but it's round and silver. Your great grandparents used to listen to them.

Not surprisingly, bloggers have been less than receptive to the ringle. One blogger has dubbed it the "Edsel" of the recording industry. Frankly, I prefer to think of it as the "Bad Idea Jeans" of the recording industry, but to each their own.

What the ringle demonstrates is that after nearly eight years of non-stop disintermediation by the Web, the recoding industry still has no desire to actually try to evolve its business model. Instead, record companies are trying to re-arrange the deck chairs on the Titantic.

Blogger Bob Lefsetz has some interesting ideas on how the record industry might start thinking about, you know, new business models:

While Bob's thoughts here apply to the iPod, I think they apply equally to the ringle. Bob is right, people actually want music, they want lots and lots of music. That isn't the problem. The problem is that today's technology enables consumers to listen to more music than ever. In fact, we can listen to music all the time, thanks the iPod and other mobile MP3 players, cell phones with built-in MP3 players, and the inclusion of digital music on almost every notebook and desktop PC on the planet. But the current pricing model that the music industry is addicted to is built for a world where people don't have nearly ubiquitous access to music players. It's built for the world of the phonograph, not the world of digital music.

The key is to push the music industry forward to come up with pricing that allows people to actually afford all of the music that they have the technology to listen to. The industry needs to figure out a way to charge very little for music but sell loads more of it than it currently does. While I think iTunes is a step in this direction, I think it's too expensive.

And frankly, the ringle is not the right step in the right direction. It's a step backwards. Maybe it's a series of steps backwards.

What do you think? Can the music industry evolve? Or will it die while someone else in addition to Apple figures out how to sell music online and make money?