For instance, there is a difference in culture between Eastern and Western Europe; the languages spoken are a variety while there are over five religious groups that are predominant. The continent is actually said to have a fault line in culture in the countries that fall all across the continent of Europe.
The industry is also commonly known by the name creative industry. This is a combination of the process of designing, producing, distributing of products either goods or services that have a cultural basis. The services and goods are normally covered by the rights on intellectual property. These industries among others include audio visual, cinema, the music industry and the craft industry.
The creative industry is an essential industry in the creation of employment in Europe. It is estimated that an approximate number of 7 million people from Europe earn a living from this industry. The European people are themselves the source of cultural diversity as well as cultural identity. The industry has its basis on knowledge and heavily relies on human labor as well as creativity.
The industry is particularly in Europe for fostering creativity and also nurturing innovation among the members of the society. Hennighan, Tom (1996). ...
In the recent past, the cultural industry in Europe has incorporated the latest digital technology to enhance the quality of the products and services. In addition, there has been the drawing of policy on regulation of this industry at the international, regional and national levels.
The deregulation in the industry has radically changed the context from which the flow of cultural services, goods and investments between countries takes place. The cultural industries have consequently gone through the process of progressive concentration and internalization which has resulted to the creation of just but very few conglomerates that are big .They are part of the global oligopoly. Dorland, Michael (2004).
The recent trends in the cultural industry
In the recent past, the creative industry has been growing at a very fast pace. Infact, in Europe, it is rated as one of the sectors of the economy with the fastest growth rate. The growth is attributed to the rapid dynamism in technology, growth the economy that is digital, the increased commercializing of all the intellectual property and the union of the media. Dorland, Michael (2004). All these factors and many others have enhanced the production, the distributing as well as the consumption and piracy of the goods and services produced by the cultural industry.
The modern digital technology in communication and information sectors have completely lead to the revolutionalizing of this industry by improving the process of production so that it is of more quality, the channel of distributing the produced goods and services, the modes of consumption by the final consumer to he products. The availability of the technology at a low cost has made the diffusion of text, sound and image possible to