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Why isn’t Last.fm bigger?

Lastfm

We’ve been tracking Last.fm for the last couple of years.  You can tell that they’re growing – moving to new offices, hiring more staff, getting a new ‘endline’. But for such a brilliant idea, why isn’t it bigger, more talked about and better known than it seems to be? (I know it’s pretty big, but why isn’t it a MASSIVE phenomenon?)  Some ideas define the power and brilliance of the internet and this is one of them. By the way, if you don’t know about last.fm (a) point made (b) wikipedia it and (c) try it out at www.lastfm.com.  But in summary, it’s an internet radio station and online new music recommendation system that learns your musical tastes and introduces you to similar stuff that you might not have yet discovered.  It does this by matching your playlist to the playlists of people with similar tastes, so there’s a social networking benefit as well. (Having read that back, maybe their new endline ‘the social music revolution’ is too obscure or maybe I’m making it sound too complicated?).
Anyway, we’re not posting this because we’re on some kind of commission.  LOVE’s interest is far more lucrative.  If the technology and thinking behind Last.fm can be proven to ‘revolutionise’ the music industry, then maybe it’ll work for loads of other things – travel, for example (i.e) share your taste in holiday experiences, tell us your favourite places and we’ll match you to ‘like-minded’ travellers who may have discovered somewhere you haven’t.  Wine is another one.  The wine industry is such a closed shop, protected by the impenetrable language used to describe different varieties.  You could debunk all of the wine language bollocks by match-making people who like similar wine and enabling them to recommend their current quaffable favourites to each other using more useful terms like "this Pinot Noir tastes brill and it didn’t give me a headache" or "I took this £2.39 bottle to a dinner party and got away with it"
Music, travel and booze – now that would be a good company to work for.

 

5 Responses to Why isn’t Last.fm bigger?

  1. I agree. Last FM is fantastic.

    on October 18, 2006 by ade
  2. Thanks, it does indeed look great. I just discovered http://www.librarything.com/ which seems to do a similar thing for your book collection – they describe it as Amazon recommendations on steroids.

    on October 19, 2006 by Mark McGuinness
  3. It’s pretty big is last.fm
    The issue for them is mainly that is costs $$ to stream music and the revenue model is mainly dependent on ads [and once you'vegot the music playing how often do you look at *visual* ads on their site [they must be looking to do audio ads soon!]? Like a lot of interweb fancy stuff it’s cool but the business model is still a bit flakey. I’m surprised that Apple haven’t pushed harder to make ther network capability of itunes do what last.fm does. there’s no reason why they couldn’t.
    And of course the data is key. Music online has signifiers to identify what you’re playing [and there's a really interesting history and politics to this btw]. but there’s nothing like that in your osophegus so wine would have to be inputted manually on a keyboard and that’s wrong.

    on October 26, 2006 by jamesb
  4. Um. I think it’s cos there’s other quirky little gems like this. http://www.hypem.com. The Hype Machine rocks

    on October 27, 2006 by dboy
  5. It’s one of those ones that could go either way, isn’t it? I think Last FM is great but despite using it for quite a few months I’ve yet to develop a proper habit.

    And re Apple: I notice the latest version of iTunes has something called MiniStore which – guess what? – suggests more music based on your current tastes. It was only a matter of time…

    on October 31, 2006 by Parick Syms

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