Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Intellectual property rights music
How digitalization has affected the music industry
The effect of digital music on the music industry
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Intellectual property rights music
The rise of digital music In 1997, the world music industry belonged to the Big-Four (including four record labels: Sony-BMG, Warner, EMI and Universal) achieved 45 billion dollar in revenue, a figure unprecedented in history. However, since the two software sharing P2P (peer-to-peer network) Kazaa and Napster launched in 1999 and 2004, the label has started witnessing their heyday down slope. Since 2000, global music sales have dropped to levels 25-30 billion per year. With this rate of decline, by 2009, global music sales are only from 21-23 billion. Digital music in 2007's era is unlike from digital music in 2000, not only download music from Napster and listen to on a personal computer. Music of the 2007 is through the format of music to bring everywhere. The expansion of iPod generations and online digital music stores such as Apple has reached 2 billion in revenue in 2006. In 2007, this number was 3 billion. Total songs downloaded from the internet reached 5 million with more than 500 digital music stores worldwide. From this success, the social network has moved gradually into the music business model based on online advertising. However, that strong growth tended to slow over time. In the circumstances, CD sales were strongly declining. That is why in 2007 it was the survival time for the Big Four: tried to convert most business models from CD to digital music to save them before it was too late. In reality, those big record labels have significant changes such as digital publication for all the music, diversification in music formats and distribution channels, bypassing DRM, and implementation of the business model in that digital music does not charge listeners. The downfall of DRM wall DRM (Digital Rights Manag... ... middle of paper ... ...rk can upload and listen to music for free. Business model based on advertising have also been implemented by a number of digital music stores like Napster or Rhapsody: it is free for you to listen to the music and you will be charged only when you download those content. In 2007 also saw the recovery of those websites that play online music (web-radio) after the RIAA copyright lawsuit. This shows that respect the copyright of music is the best way to ensure long-term benefits for all three parties: the listeners, the service providers and music companies. The giant record labels also created separate social networks for fans, as well as listening to music services separately, typically as Sony-BMG's MusicBox. From now on, the big record labels have started moving from indirect form (through retail system) to direct form (directly approach to the consumers).
The two biggest components are major and independent record labels. Major record labels are the driving force of the industry, “Big Four labels/major record labels represented the majority of the music sold, making up as much as 75% of the music market or more depending on the year.” (About.com) Additionally, “The five major record labels; Sony, Universal, BMG, EMI and Time Warner dominate 85% of the market when it comes to sales of Compact Discs. Leaving only 15% for the hundreds of independent record labels and thousands of artists out there." (Raprehab and Bomhiphop.com) In his essay A Brief Outline of How the International Popular Music Industry Manipulates and Exploits the Audience, Shams Quader discusses this issue."Big Four is responsible for 70% of the worldwide music and 85% of US music sales. ... Seeing that these companies have such a monopolistic hold on the world market..." (Quader) it would be safe to presume that the music monopoly was/ is created as a result of how the three major record labels today are holding more than three forths of the net profit of the industry moreover the question of the monopoly was brought to the table especially when Universal Music Group proposed a merger with EMI and many of its top billboard chart artists, Universal Music Group was also the
The music industry has changed in more ways than we could imagine. At first we started with artists just selling singles, then it transformed over to people buying albums, and then on iTunes started to sell songs for just cents. In the year 2005, Pandora was launched on the Internet and later they created a mobile app. Most of the artist’s music can be found on YouTube. Free downloads have affected this industry as well.
The Internet—as it did for almost everything—has radically changed the way people get music. The Internet has cut into the music industry's profits. It reduced the demand for CDs, increased the interest in singles and let people decide whether they want to pay for the new Prince album. This alone could be offset if all of the people pirating music would go to their favorite artists' shows. However, the hard economy has rapidly cut into people's ability to spend on luxury items and concerts rank right up there with sports in terms of practicality.
Pfanner, Eric. "Music Industry Sales Rise, and Digital Revenue Gets the Credit." Business Day Technology. The Nre York Times, 26 Feb 2013. Web. 21 Mar 2014.
The new age of commerce has changed the way trading occurs. Record labels were once sluggish and governed by selfish interest, employing the “Build it, and they will come” concept. A limited amount of content on the web was tested and proved to be a consumer preference even in the 90’s. Today free web content has become the numb that would not just go away, the music industry has taken one of the biggest hits in the process.
The Use of Electronic Technology in 20th and 21st Century Music In this essay, I have examined the use of electronic technology within 20th and 21st Century music. This has involved analysis of the development and continuing refinement of the computer in today’s music industry, as well as the theory of the synthesiser and the various pioneers of electronic technology, including Dr. Robert Moog and Les Paul. Also within the essay, I have discussed the increasing use of computers in the recording studio. The computer has become an indispensable tool in ensuring that both recording and playback sound quality is kept at the maximum possible level. Many positive ideas have come from the continued onslaught of computerisation.
It’s probably not feasible to avoid streaming music services nowadays. Every smart phone on the market is able to operate numerous music streaming applications, ranging from radio-style streaming, on-demand streaming, and even cloud-streaming. Smart TVs come equipped with Spotify, Pandora, or Rdio. AT&T partners with Beats music to offer a unique on-demand music streaming service with playlists complied by DJs. It seams that with the advent of Wifi hotspots and high-speed mobile Internet services, music streaming is becoming more and more a part of mainstream life. Spotify has been in the spotlight within this particular segment of the streaming industry ever since its introduction to the United States in 2011. (Roose, n.d.)
Before the 1990’s, if people want to listen to music, they just visit a music store and pick up a CD and then put it into a stereo equipment. However, the development of MP3 file format gradually changed the way people listen to music. This format lets everyone download music easily and it can be converted to CD as well. But, there is still a problem: searching MP3 files on the internet is maddening and people seldom can find the music they want. Therefore, the birth of Napster solved this problem, creating a virtual music community in which music fans could use the Web as a “swap meet” for music files. More importantly, Napster is easy to use and it’s free, which expands the range of audience in age. Bandwidth also contributed to Napster’s success. The greater the bandwidth, the faster the file can be transferred. So, Napster really changed the way people listen to music, discover music and interact with music.
Since 1999, the situation around music has been changed drastically. In that year, the novel software “Napster” was released. With this software, people became able to get any file they want easily, sometimes illegally. Some musicians and people in the entertainment industry have tried to exterminate that P2P “Peer to Peer” technology. But it looks as if their efforts are in vain. People are going to use P2P technology more and it might as well become the official way to handle music distribution. The music industry should rather take advantage of the technology than keep trying to exterminate it.
One important change that has occurred is the distribution of music digitally. Music now in our society is purchased through the Internet. The simplicity of having an entire library of music on one device has been adopted versus having stacks of CD’s or tapes. The emergence of the Mp3 file has changed how we listen to music. Mp3 are digital songs that are portable, provide high quality sound, and are less expensive. Essentially by eliminating middlemen, digital music took control of music away from the major record companies and put the power in the listener’s hands. Major companies such as Apple’s iTunes created the distribution of digital music. CNNMoney mentions, “iTunes is currently responsible for 63% of all digital music sales” (CNNMoney). They set the standard of 99 cents for a single song, which was quickly adopted by major music companies. Selling songs by singles provided more control ...
Although a lot of times the artists the labels push are not successful, there are also times where they succeed. Artists such as Pink Floyd, the Rolling Stones, ACDC, Foo Fighters, Journey, The Beastie Boys, Eddie Van Halen, Rick Springfield, The Beatles, and Nirvana are all examples of successful artists who were picked up by record companies because they were the next new, big, thing andor because they were considered to have potential for making money. The record industry has been around for about a century, and recently the record industry has taken on a transformation. There were many changes in the business of music records from the 1980s onward.... ... middle of paper ... ...
There are six key new market disruptions concerning the digital distribution of music: the creation of a new and broad customer base, the possibility of an annuity versus a per-unit revenue model, the gatekeeper advantage for a record company having proprietary access to a new digital distribution infrastructure, understanding of a technology that could be applied to other digital content, need for balance between physical and digital distribution strategies, the strategy the incumbent should adopt with respect to the evolving war over digital distribution standards. Was there a disruption or an evolution?
The music industry impacts the lives of people from around the world. With the implementation of technology, the influence of the music industry has spread to affect anyone with access to technology. Streaming services have contributed to the increased popularity of music. While there are positive effects to being able to stream music and have multiple ways of listening to it, the music industry suffers from the lack of revenue and illegal activity associated with technology. Technology has had both positive and negative effects on the music industry by affecting how people access music and how music is produced
The three major record labels are Sony Music Entertainment, Universal Music Group, and Warner Music Group; these majors have sub-labels such Atlantic Records (Warner) and Columbia Records (Sony). There are thousands of indie labels (300 Entertainment, Mad Decent, etc.) yet they only represented about a third of the total US album market share in 2015. Majors have substantial amounts of capital at their disposal and key divisions in-house (distribution, publishing), often putting them at an advantage over their smaller competitors. The below graph shows just how large a share of the US recorded music market the major labels controlled in 2015 compared to their many independent
The music industry started in the mid 18th century with Wolfgang Amadeus Mozart. Through the decades there has been a great increase in this industry; however, the revenues for this industry have declined by half in the last 10 years. This has been caused by music piracy, which “is the copying and distributing of copies of a piece of music for which the composer, recording artist, or copyright-holding record company did not give consent” . After 1980’s, when the Internet was released to public, people started to develop programs and websites in which they could share music, videos, and information with...