Got $50 to spend on music?

Of course you do. If you're like me you easily spend more than that on CDs, LPs, and digital music files each year already. But Peter Jenner says $50 a year is all it would take to save music. He made his argument at a panel held at SXSW last week called Reinventing Payment Models for Digital Music. The influential manager of musical acts from Pink Floyd to The Clash to Billy Bragg has publicly gone off on this subject before, but this time he's put forth a bold and simple solution to the situation. And no one has to put up with any crappy DRM schemes.

Needless to say, I like this idea. But do you think anyone at the Big Four will listen? Color me doubtful . . . but hopeful.