Essay about Music Industry

Essay about Music Industry

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The current state of the music business is disappointing, yet progressive.
It’s extremely interesting the way it has morphed and continues to do so. The
switch to digital music has brought about a new era which affects all aspects of
the business. There are varying opinions on whether the business has improved
or declined, but the one thing that holds true is the fact that it is changing and
the future of music will form before our eyes. It’s quite clear that there are
advantages and disadvantages regarding the current industry, but is it the same
as it used to be?
The frequently used statement “back in the day” commonly refers to an older
time where things were different. Often grandparents use it explaining life in the
40’s and 50’s. In the music industry however, the statement “back in the day”
refers to a time before itunes. It refers to a time before digital music. It could
refer to the days in the 90’s when people would line up outside of Tower
Records waiting for that new album or single to drop. Of course the music
industry changed during the evolution of the LP, 8 track, cassette, and cd, but
none of these changes came close to the switch to digital music. Some say that
itunes is saving the music world. Others say they are ruining it. If itunes were
the only means of obtaining music, it would make the industry a lot less
complicated. Unfortunately there are those pesky little websites that have been
popping up for years such as Limewire or Kazaa, which provide free/illegal
downloads to pretty much any song or video the guest desires. There is no
telling what kind of revenue artists have missed out on due to these bootleg sites,
as millions are stealing their music. It is...


... middle of paper ...


...or can knock them off.
It’s my understanding that whether you believe that the industry has and will
be changing for the better or for the worse, it will always be a driving force in the
economy even during times of economic downturn. The companies like Apple
and Live Nation will surely remain on top in the foreseeable future, but anything
could happen. Unfortunately, it seems as though CD’s become more and more
obsolete as new methods of obtaining music arise. Hopefully the industry will
continue to flourish as major labels begin to make less and less sense as far as
true music is concerned. It’s truly amazing how the industry grows and changes
in a matter of a year. It clearly has its benefits as well as its negative attributes
much like any other business. The music industry is a living breathing thing, and
that will continue to remain true.

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