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The Internet has been hailed as one of the most prolific inventions in modern times. Although many believed it to be a passing phase at its inception, it has proven to be a driving force especially in the business world. Most industries have seen a boom in business due to the access of the global market the Internet draws. However, many have had to deal with the increase in competition. The music industry is no stranger to some of these challenges. Much has been said about how music piracy has decreased the revenue for some in the business. The Internet has revolutionized not only how music is made. It has affected economically the record companies the artists and those who listen to their music. In the Pre internet era record labels controlled the music industry. They produced, distributed and promoted the music. They were the middlemen between the creators of the music and the consumers. Naturally they received most of the profits of their enterprises. They even went as far as obtaining the rights to their artist’s songs and in some cases even their names. Their financial succes...
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.
Recently, there has been a series of copyright infringement litigations against Internet businesses that are involved with unauthorized distribution of music files. The US recording industry claims to lose three million dollars per year because of piracy. A report predicted an estimated 16 percent of all US music sales, or 985 million dollars would be lost due to online piracy by 2002 (Foege, 2000; cited from McCourt & Burkart, 2003) Even though this claim has to be taken with caution, as it is based on false assumption that if copyright laws were strictly enforced, audio pirates would become buyers, it is apparent that audio piracy grew to a worrisome level for the record industry. (Gayer & Shy, 2003)
The Internet has led to financially devastating consequences for the music industry (Stafford). The industry is struggling to generate enough revenue because of new technology (How the Internet Changed Music). When music changes hands without money being involved, royalties can’t be paid. Since royalties can’t be paid, so much has been done recently to try to prevent illegal downloading. The availability of music for free has cost the industry $2.5 billion in economic loss (Writer).
Upshaw, D., & Babin, L. A. (2010). Music downloading: Competing against online piracy. International Journal of Business & Public Administration, 7(1), 14-26. Retrieved from EBSCOhost
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.)
Do the names “Dirty Diana”, “Superstition”, and “I Heard it through the grapevine” sound familiar to you any? Well does it? These are major hit records made by well-known artists and musicians whom we know couldn’t take overnight to accomplish. Where do you think most artists started their musical journeys? Maybe it all started while in their basements banging away at tools, shelves, etc., or while sitting on the swing set in their backyards imagining how it would be to be famous, or even while just having a good ole fashion play date in their tree-houses with friends or family discussing each other’s goals and dreams.
Internet piracy has been a source of much controversy as it has grown and become the new medium of communication in our generation. The Internet connects so many people with so many products and, as in all industry, not all these people and products are fair and honest. The same is true in the world of the online music industry. Some artists champion the public's right to hear and record their music in an "industry-free" atmosphere. Others fear that their art is being exploited and their rights denied. In October 1999 the IFPI announced its efforts "aimed at ridding the Internet of large amounts of pirate content and paving the way for artists and record companies to deliver music electronically and legally across the world" (IFPI, 1999). The recording industry is collaborating to try and fight this exploitation. The "IFPI estimates there are some 1 million illegal music files posted on the Internet at any given time" (IFPI, 1999).
Define and explain globalisation, then critically evaluate and illustrate the impact globalisation has had on a particular business, the industry it operates in, its country of origin and the country or countries the business has expanded into.
Napster was a peer-to-peer (P2P) file sharing application that was created by Shawn Fanning in 1999. This application was developed so that users could share compressed music files with other users by searching their hard drives and transferring copies of the files via the free Napster software. Though Napster aided in the facilitation of these file transfers, it did not store music files on a server or any other company owned computer or storage device. Popularity of Napster quickly soared; within a year’s time, Napster’s website was a rated as a top 50 most-visited web address.1 Record companies took notice of Napster’s popularity, and also took issue with the large-scale distribution of their copyright protected music
Music Business Music Business Exam Number One Question 1 - What is The music publishing industry at a glance would seem to be those who print sheet music, method books, lead sheets, and all of the texts or notated music that musicians (and those aspiring to be musicians) use. Years ago, this was what most music publishers did, but as the industry has evolved, the process has become much more complex. Music is not just ink and paper, intellectual material and property to the individual who writes it. Therefore, the song does not become "a song" when it is written down. This is not an easy concept to grasp because the song itself has no physical makeup.
At the turn of the millenium, the music industry has been faced with an unforeseen phenomenon that has affected its very foundation - mass scale music piracy. The decline of CD sales in the past three years have been blamed on the availability of songs that can be downloaded from Internet sites and service providers like Napster, KaZaA and Morpheus free of charge. Today the issue of intellectual copyright infringement in music has been taken more seriously than ever before, as large record labels and companies like Sony and EMI struggle to maintain healthy album sales in the face of online music piracy. In addition, music piracy affects more than just the corporate world - it affects the very artists who create music and receive no compensation for their efforts. In fact ?many high-profile and buzz artists, including Eminem, Oasis and most recently 50 Cent, have seen their upcoming albums undercut by file-sharing online before their scheduled releases, prompting record labels to move up street dates to avoid losing album sales.? (Grossberg) In light of this, are a few positive aspects in the face of such widespread negativity but music file sharing continues to be a controversial topic in the world of music and the arts in general.
Record companies provide an essential role to the music industry, as they provide the most income to the system, (which is provided by a percentage of all artist’s revenue) which is then used to fund other up-and-coming artists around the world, creating an ever-lasting system of funding for artists globally.
Is important for anyone who has created any intellectual property to protect it. In the music industry, in order for someone to protect their work, they must obtain a copyright. Music has been around before anyone could obtain a copyright and when the invention of the computer came along it made it easier for someone to steal another artist's intellectual property with the help of the internet. This paper will cover what events have taken a big role in copyright protection for artist, the consequences if someone was to break the rules of a copyright which is called copyright infringement, and how will a copyright hold in the future. Were copyrights enacted without the thought of life changing technology, and how can some music companies surpass copyright infringement and make a profit from the artist? Can a copyright really make that much of a difference in the world we know today?
When musicians produce albums, they want people to listen to the albums. There is not one specific way for a band or single musician to gain an audience and promote their music. Musicians use many different kinds of media to promote their music. They use visual media as well as strictly listening media. The radio, television, and the internet are all different types of media musicians use to promote their music.
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...