We’ve all bought things we no longer need. Clothes, shoes, furniture – even gadgets. And that’s why eBay exists. One of the things we sell on most is entertainment: books, music, films, games and TV box sets. Yet there’s no way to sell an MP3, ebook, movie or game download once you’ve grown tired of it. Yet.
That’s all set to change as ReDigi, an online marketplace for second-hand digital music, comes to Europe. The service, which already exists in the US, plans to launch on the other side of the Atlantic in the first quarter of 2013 – alongside a flurry of controversy about digital ownership and piracy fears.
The music industry will be desperate to stop the second-hand market bleeding its profits – music download revenues were worth US$4 billion in 2012 – and second-hand digital music is just as good as the first-hand sort. We don’t know how much of that figure is accounted for by Peter Tosh’s Brand New Second Hand (or Roots Manuva’s album of the same name), but it looks like that title could be a theme for the future of music.
Talking to the FT (login required to read link), ReDigi founder John Ossenmacher was bullish about the services European prospects. “Property laws the world over have always been the same,” he said, “If you buy something, you have the right to resell it.”
We fear your iTunes Store terms and conditions will prove a bit stickier than that in a court of law, but we’re interested to see what’s the future of ReDigi’s digital second-hand market is – and whether it might later include ebooks, films and games. Exciting stuff.
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