Got a tricky question? Receive an answer from students like you! Try us!

How will Spotify change the traditional music industry? - Assignment Example

Only on StudentShare
Undergraduate
Author : hjacobs
Assignment
Music
Pages 12 (3012 words)

Summary

This essay describes how Spotify changes the traditional music industry by using the five forces, which includes the following: supplier, buyer, competitors, threats of new and entrants threats of substitutes. Spotify generates in a lot of changes in how the music industry works.

Extract of sample
How will Spotify change the traditional music industry?

The "How will Spotify change the traditional music industry" essay, describes the effect of the Spotify on the music business. While Spotify actually believes that “artist payments are increasing all the time as ad revenues and subscriptions go up”, it actually remains to be proven in the future. Such circumstances may pose threats with respect to the supply side of the music industry. However, the major change in the supply side (using the Delta model) would be in the form of redefining the customer relationship, wherein the supplier would need to establish long term relationships with their consumers in order for the company to ensure artists that they would get competitive royalties, as well as ensuring that they would attract enough ads so that they can get enough revenues to make artists happy and make their business profitable.
With regards to the buyer side of the music industry, Spotify also introduces major changes. In traditional companies, they actually entice customers to own albums and other music collections for their favoured artists through their purchase of CDs or downloadable digital files. In this case, the central theme would include inducing consumers to actually own music, and expanding their personal collection.
In this case, the major break with Spotify is that it does not induce consumers to own a personal collection of music; on the contrary, it entices consumers to enjoy the music that they want, when they want, and where they want, without actually owning it.
...
Download paper

Related Essays

How dividend signaling changes market valuation in UK telecommunication industry
As a financial consequence of increasing the dividend payout, the telecommunication company will have lesser available fund to invest in research and development (R&D) and upgrading its existing telecommunication technology and infrastructure. Therefore, the future profitability of the company could suffer. Increase in the dividend payout could signal temporary positive changes in the market valuation of telecommunication industry in UK. Although increasing the dividend payout could temporarily improve the market valuation of the company, public investors should be aware that a high dividend…
36 pages (9036 words)
The Music INdustry
TicketMaster and Live Nation Inc, p.5). Ticketmaster's fee charges are added to the cost of the ticket for the consumer, though it does share some of the fee moneys with venues. This means that Ticketmaster's effect on the industry was generally slightly beneficial for venues but harmful to consumers because the cost of a Ticketmaster ticket is much higher than other tickets. Ticketmaster had 80% of the market venue share and an 85% contract renewal rate, meaning that for the foreseeable future at the time of the court ruling, it had monopoly power in the ticket industry. Its monopoly power…
How to adapt to change in the workplace
This paper studies the basis of change as it happens within the workplace settings. Change comes about with a lot of denial on the part of the employees who are simply not ready to accept it within their stride. They believe that change shall mean a great amount of negativity for their work processes, and that they would have to undergo stress and tension at the hands of the employers who want to persist with change. They are of the view that change shall bring in a great amount of work pressure for them, which would eventually mean that they would have to exponentially increase their work yet…
"How to manage change and achieve sustainable growth in Hong Kong Travel Industry?" A case study on China Travel Service
The interview results were analysed to develop an understanding of the change management process of CTS, the barriers that it faced and overcame and the outcomes of the change. The analysis of the change process revealed that CTS has succesfully used the change management techniques to instil both a process and culture change. The case study of CTS provides inspiration and insight to other travel organizations in Hong Kong to emulate. Table of Contents Chapter 1: Introduction 1.1. Background and Introduction 1.2. Research Questions 1.3. Research Aims and Objectives 1.4. Research Methods 1.5.
80 pages (20080 words)
Perspectives: Words in a Song
The relationship between words and music has created a form of communication that involves combining to art forms in which the emotional content must be complimentary. Lyrics are forms of poetry, the words intending to evoke an emotional response, often specific to the intent of the author. The music is intended to frame that emotional response, creating a connection between the meaning of the words and the melody, harmony, and rhythm of the music. Most often the lyrics are written first with the music written to specifically connect the message of the words with emotions of the music; however…
3 pages (753 words)
How music can shift social structure especially in countries after wartime and/or poor countries
This "How music can shift social structure especially in countries after wartime and/or poor countries" essay describes how music and society both affect each other and at times it becomes difficult to find out which influences most on the other. There has been a strong bonding between the musicians and the peace activists all over the world. The role of musicians in the peace and civil rights movements in America in the decades of 1960s and 1970s is known to everyone. Likewise music’s support to the anti-apartheid movement in South Africa, the “Singing Revolution” in Estonia that…
34 pages (8534 words)
How does online banking affect the banking industry
Introduction of ATMs, partially alleviated the problems, and ATMs proved successful in load reduction as well as cutting transaction cost. Advent of internet provided another window of opportunities for the banks to expand their customer reach by providing limited set of internet based banking capabilities to full-fledged virtual banks. This has been extended by further proliferation of PDAs and mobile phones, wherein mobile banking is gaining its foothold as a prominent channel. This paper analyses the progress of online banking since its inception, specifically on the aspects of service…
35 pages (8785 words)