Turntable.fm shutting down - new "Turntable Live" introduced
blog.turntable.fm
blog.turntable.fm
It was a specific application of the general idea that social recommendations are more powerful than algorithmic recommendations. I don't know how valid the general idea is, but when it came to Turntable, it worked. People search the space of musical works much more effectively than algorithms.
And then Turntable did nothing with that power. They had high quality playlists being minted by the thousands on a daily basis, and I could not access any of them.
At least for a time, they were focused on live engagement. Unfortunately, it's just too hard to grow a music streaming product that demands each listener be present to click a button for every song. I loved the service, but I also have a job. I cannot be on the site all day long. At the risk of being presumptuous, I would guess that the product leaders were blinded by their devotion to live engagement.
Focusing instead on their brilliant, yet simple, solution to the problem of "What song should go on next?" would have been the right call. But they did not walk this path.
As for their new product, which predictably focuses more intently on the live engagement aspect, I am unconvinced. Turntable Live provides a subset of the functionality that Twitch.tv does, with less reach.
Best of luck to them. No doubt, they are an extremely talented team.
And I'm really, really going to miss Turntable. Kickass idea. (yeah yeah plug.dj, whatever)
the playlists on turntable were an organic composition of the community in the channel. the user was directly involved in the creation process. the playlist changed to reflect the people in the channel. it was an entirely social gathering (when it started anyway), as if you got 50 music heads into a room and asked them to rock out.
songza is purely curated. for that reason, it misses the social aspect. songza is more like hiring an extremely inexpensive dj. other users dont get to interact with the playlist content.
different approaches to the same problem, but i believe the real innovation is in combining humans minds and experiences in searching the song graph. songza does not do that. turntable did.
songza still cool tho!
Their decision to focus on virtual events makes sense from a monetization standpoint, and I couldn't agree more with their approach. I do think there's a sweetspot to be had for user-generated radio, as Pandora is too repetitive while Turntable was not repetitive enough.
In any case, the simple fact of the matter is that there was no way tt.fm was making money. They have to change.
No salivating VCs, no cutesy avatars, the redesigned site is nice but nothing exceptional, and for some reason I doubt they even consider themselves a "technology company"—but they nail all the important bits. Great acts, frequent events, live audiences provide effective WoM and a sense of exclusivity for those who attend, and perhaps most importantly, everything's available on YouTube[0] and Soundcloud[1] in perpetuity.
Wake me up when anyone else is doing anything half as compelling.
[0] http://www.youtube.com/user/brtvofficial [1] http://soundcloud.com/platform
For musicians, its great to perform live for people but having to tour and go from gig to gig, lugging equipment around, and most of the time only being paid beer money and travel expenses.
Being able to perform for an audience but not having to leave your doorstep saves you both time and money. You can reach more people worldwide than you can in a small pub holding fifty to a hundred.
I understand people love turntable.fm but the labels have pretty much killed innovation by the licensing so to me it isn't a surprising that streaming companies are having problems.
Maybe the new turntable.fm can be the Twitch.TV of the live music world. Who knows but anything is possible!
You're right that most SL live musicians broadcast from home studios, which is great because it keeps their costs down. Turntable Live currently says musicians have to come to their NYC studio, which I suppose is better than travelling all over the country, but I'm sure musicians would much prefer performing in a home studio or a studio in their area. Maybe in the future?
I loved them and have only known about them for about a year. Pip pip cheerio.
They only recently set up subscriptions, pay what you want, and made a lot of changes to the service, ie adding music only through soundcloud, which saved them tons on licensing fees.
I'm fairly certain that most of the user base has no intention of moving into the live events.
So, they spent all this time building a brand, gaining users who would be happy to pay a bit each month, and then just let them all go? Isn't the # users part of the product when getting funding and advertising their new live TT?
I guess the move goes on to plug.dj, but it's a pain to try to add all the songs built up in the tt playlists, I can't seem to find a way to import the csv to plug. or soundcloud for that matter.
The pivot is interesting and definitely an opportunity there.. but no doubt there is nothing like experiencing music live in person. At least to me the format of the new pivot is too similar to just a listening to a live album.
All the best guys and thanks for some awesome memories!