This paper will examine the rise of the internet in music industry that is very much affected like many other divisions in the business world. It has become more convenient for the consumers to acquire music by their greatest idols. …
The music industry is not limited to the artists and the record companies. It also includes the composers, the musicians’ representatives, television and radio broadcasting companies, advertising agencies and so much more. It has, for the past 50 years, earned most of its revenues through selling its artists’ albums in the form of long play (LP) record albums, cassette tapes, compact discs (CDs) and digital versatile discs (DVDs). Aside from these albums sold in record stores, revenue also comes from music videos played on television, music played over the radio, and, of course, concerts and tours. The music industry is considered to be one of the top industries as far as value and income are concerned. In the last few years, however, with the rise of the Internet, the music industry has found new ways to earn money. Record companies began to collect orders online and ship their products to any part of the world which has internet access. And even later, they learned to collect money in exchange for downloadable music. This meant that they needed less money to produce and store their products. It also meant faster service for the customers and, therefore, faster influx of cash. The internet became a very good source of income as it has a greater consumer reach, faster response time, and it presented a lot of choices for the consumers. But, as with many happy stories, there is a down side to this new technology.
The internet also gave way to both small and large scale piracy. It allowed its users to violate intellectual property rights in a snap, that they do not even realize it until much later. The instant connection between people that the internet provided allowed its users to share files, especially music and other multimedia content. The rise of multimedia tools and social networks, such as YouTube, Facebook, Bebo, Friendster, and MySpace, made copyright infringement easier, faster and even harder to control. 39% of social network users embed copyrighted materials into their pages and 79% of them say that these embedded media reflect their personality. In the early part, consumers did not realize that this was a form of piracy and just enjoyed acquiring "free" music. Then after some time, when record companies started to feel the pain of illegal downloads, they started informing the world of how their properties are being stolen even if unintended. Still, illegal downloads have gone up from 36% in 2006 to 43% in 2007.4 The record companies ...
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“Internet and Music Industry Essay Example | Topics and Well Written Essays - 3500 Words”, n.d. https://studentshare.net/music/272039-internet-and-music-industry.
According to the paper the impact brought to music production as a result of technological advancements has continually changed the way that artists and music producers relate in the field of music production. This is as shown by the way that the present forms of music differ from the earlier arrangements. The most diversified aspect is that in the production, as it is from the production line that music is derived.
Name: Instructor: Course: Date: Downloading Music on the Internet Today, it is very easy to download free movies and especially music over the internet. In the internet era, all an individual has to do is download a peer-to-peer application for file sharing; for example, Bear-share, Blubster, E-donkey, and Kazaa (Marshall & Frith 32).
That was the beginning of Internet basic ideas, which gave birth to the idea of 'Gateway networks'. In the meanwhile File Transfer Protocols (FTP) were specified. (Internet, 2006a)
In 1974 Transmission Control Protocol (TCP) was specified which further modified with the advent of Packet network Intercommunication - the basis of Internet Communication.
This has created both threats and opportunities to those in the music industry. Artists, labels, retailers, and consumers are all taking a closer look at the roles they will play. Although it is widely believed that consumers will be slow to adopt digital downloads over physical media such as compact discs, musicians, retailers, and independent record labels can position themselves to benefit from this emerging new business model.
In the boundless ocean of the digital culture, everything should appear as a blessing. In the music industry, however, the digital age has been seen as a mixed blessing. Because of piracy or MP3's, whichever name we give to the mixed blessing of the digital economy as it concerns the music industry, the digital economy is presently not in a state to flourish as much as possible even if the steadily rising numerical figures related to the growth of electronic commerce tell us another tale.
Power and Hallencreutz (2007) quote Storper and Venables (2002) in stating that "the processes and dynamics of the selling, distribution and retail in destination markets have profound effects on products' success" so this should also be examined. As these factors are examined, it is found that it is extremely difficult and expensive to "break in" and do well in the U.S.
The greatest contributor to the cause of decline in record sales are the more organised filesharing or P2P networks (Liebowitz, 2006; Graham, 2005) because these are responsible for huge volumes of downloads and are difficult to control because content is not stored locally.
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This decision is representative of a profound strategic shift in the music industry, which has already litigated over 30,000 individuals since 2003 (Yar, 2008: p44). This legal approach was criticized for its inability to stem illegal music
11 Pages(2750 words)Essay
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