One of my favorite people in the tech business is Anthony Volodkin, founder and operator of the Hype Machine. Anthony's a media hacker in the greatest sense of the word. He builds apps that allow us to discover and enjoy new things.
And his latest project, really just an experiment, is called Kickstumbler. I found out about it this morning. Think stumbleupon meets kickstarter. Give it a try.
But the coolest thing of all is this linear video version of Kickstumbler. I'm going to point my big screen TV in the family room at video kickstumbler tonight and just sit back and enjoy all the awesomeness.
Enemy Of The State is a mixtape which means it is a bunch of tracks that Lupe remixed and put out for free on the Internet. Artists who Lupe remixed on Enemy Of The State include Radiohead, Lil Wayne and Jay-Z.
I don’t know what the economic relationship is between Lupe and all of these artists he remixed. Clearly that impacts the cost of putting out a mixtape. But the fact that a major recording artist like Lupe is putting out free music is pretty interesting to me. He plans to put out another mixtape called “Friend Of The People” later this month.
The last track on Enemy Of The State is called “HP Skit”.
Give that track a listen and then watch this HP advertisement which features Lupe and others.
So Lupe included an HP advertisement on the Enemy Of The State mixtape. Let’s say Enemy Of The State is downloaded a half million times. And let’s say that the average downloader listens to the mixtape all the way through five times. Then that HP ad would be listened to 2.5 million times. At a $10 cpm (high but not crazy high), that would be worth $25,000 as an audio ad buy. If Lupe could put out one of these mixtapes a month, then that’s $300,000 per year.
I was in a board meeting last week and one of the company founders made a very interesting assertion about the difference between old media and new media. He asserted that old media is about how much money you can charge each viewer. New media is about how many viewers you can get.
Now that’s a gross oversimplification of his assertion, but the point is useful. The whole free mixtape movement is about getting as many listeners as possible, using existing music for the most part. The idea of monetizing it with lightweight advertising (nobody forces you to listen to HP Skit and it comes at the end) is very interesting to me.
It will be interesting to see if we get more of this kind of thing. I think we will.