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Woxy.com may come back

History tends to repeat itself, so this will be another financial train wreck if it comes back. Unless the Z Foundation is a non-profit or lulu.com is using it as a "loss leader" to attract hits, I am not sure why they want to do this. ???
 
Word is that WOXY.com looks to return within 2 weeks. Here is the group behind it which is non profit

The 'Z' Foundation
Inspired by Charlie Chaplin's visionary creation of the Motion Picture Relief Fund and United Artists, lala.com is today announcing the "Z" Foundation, a non-profit that seeks to unite working musicians to address the economic challenges they face. Like Chaplin's endeavors to assist and empower entertainment industry workers nearly a century ago, the "Z" Foundation is a collaborative effort.

http://www.lala.com/frontend/action/z
 
More observations on this:

The investor didn't know anything about woxy.com until a few days after it station went dark. Who in their right mind would rush into a $10 mil investment without knowing anything about the investment? You can buy a decent FM radio station for that somehere. Maybe two in a smaller market.

He obviously knows nothing about 'net radio. He is basing his decision on the passion of the posters to the woxy.com boards. Has anybody told him that they only have a few thousand listeners at any given time? ANd that they couldn't convince advertisiers to buy time? And that they tried to increase revenue by charging listeners and couldn't get enough to sustain them?

If he's sinking major coin into this, he'll want it back two times over at least. And as we know, not gonna happen. It is still a flawed business model. He also says the DJs will have total freedom. Until they're told to start playing all the hack bands who post their mp3s on lulu.com. Or until they're told to start playing more familiar stuff because they need more listeners.

I don't have priviledges to post on woxy.com, but I would love to give them a dose of reality. The listeners are all giddy, but they don't have a clue. They think this investor is just going to keep throwing $$$ at it in the name of musical freedom.

Just as I did the first web-only go-around, I give this two years, and then it really is over for good.
 
If you bothered to check into the investor:

His name's Bill Nguyen, and he's got a long & successful track record as an internet entrepreneur. He's started & sold 6 or 7 companies, selling one of them a while back for $850 million bucks (all this info is online). Operating a station like WOXY online will be tip money for the guy and should integrate nicely with his current venture, LaLa.com, which is a site where people trade CD's. That's right: trade CD's. Kinda like Netflix for music fans.

In short, everything this guy's touched has turned to gold & I think it'd be foolish to bet against him at this point. I think he's smart enough to realize the passion behind the WOXY audience. His experience & connections in the tech world should mean he's got the resources to put WOXY in front of people who've never heard of them before, and trhere's a reason people love them so passionately: they're good at what they do. It may not be your cup of tea. It's the art house of music, you get it or you don't.

Quit making excuses for terrestrial radio, anyone who wants an alternative has long since left. It sounds like you're a big fan of the status quo and see nothing wrong with the mainstream.

You keep thinking that... the future is niche, especially if you can afford it, and it sounds like this guy can.
 
Even Donald Trump screws up now and then. Stand-alone Internet radio is still a black hole for $$$. I still give it two years. And $5-10 mil isn't "tip money", regardless of how much a person is worth.

The future is niche, but more so in on-demand music sampling. Bands and music companies are uploading their songs to sites like myspace.com. Listeners sample the music they hear and download what they want. This model works better than the traditional radio model. And, as alternative as woxy.com is, it is still a traditional radio model...we pick the songs and play them when we want to play them.

And by the way, I have benn listening to 97X and woxy.com in all its forms since 1984. Unlike some people on these boards, I don't base my statements on whether or not I like it. I base it on whether I think it will be successful. And I don't think this will be.
 
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