How is the music industry being affected by itunes

How is the music industry being affected by itunes Research Paper example
Undergraduate
Research Paper
Music
Pages 8 (2008 words)
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Name: Instructor’s Name: Course Name: Date of submission: How is the music industry being affected by iTunes and other services that allow customers to buy individual songs as opposed to entire albums? Picture a life without music. I am sure you will not be able to imagine a life without it…

Introduction

The contemporary world has seen a great change in the music industry with the advent of the Internet and the facility to download individual songs rather than buying whole music albums from the neighborhood’s music shop. The fact is that the Internet has added a new dimension to the music industry business. According to Joshua Friedlander, vice-president of RIAA, ‘There have been a lot of changes over the past 10 years, in which the industry is adapting to consumer demands of how they listen to music, when and where, and we’ve had some growing pains in terms of monetizing those changes’ (Stolpmann 7). Gone are the days when people used to buy cassettes or records of their favorite artists. They were replaced by CDs and DVDs however now these are also growing redundant as people are switching to downloading or buying music albums or songs online. ITunes and other services such as Amazon MP3, Napster, Zune Marketplace and Rhapsody have changed the landscape of the music industry however in my opinion the music industry was on a decline before these services emerged and their impact with regards to providing relief to the industry has not been very significant (though I agree that the launch of such services is a step in the right direction for the industry). ...
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