Has this been tried before? What could be learned?
Resonate.coop was a music streaming co-operative that failed through lack of investment and insufficient focus on its core mission. It had an innovative 'fair play', 'stream to own' model that offered fair rewards for artists and listeners alike. Despite support from Coop UK and a government inquiry into the predatory behaviours of the streamers and major labels and rights holders, nothing was done to help bootstrap the co-operative.
What could be learned? (cont'd):
To succeed, an all-in, well funded launch and growth phase is vital. A sense of community and curatorship built around the creative content on the platform is a key differentiator, and could bring additional UK social cohesion and economic benefits, perhaps becoming a more modernised democratic vehicle for UK cultural identity, a bulwark against populism, alongside the BBC.
Anyone interested?
