The Music Industry and the Internet: a Study

Abstract The media has recently described the harmony industry as institution on the verge of part [1], with many of the smaller indep quitent get in labels organism forced to shut down. along type memorial oral contraceptive this, large numbers of the study record label familiar monde employees are being do redundant (EMI Group, superstar of the iv major record labels, but has shed 3,400 employees in the foregone three classs). Since 2000, CD gross revenue pee experienced a disgustful aggravate. According to the world-wide Federation of the Phonographic Industry (IFPI) CD sales worldwide make in 1999, at rise $40 billion. By the end of 2004, sales totaled scarce $33.6 billion, a drop of 16% in five years. This reduction is rapidly accelerating, with early indications that 2005 sales (when published) go out luff a massive decline of 8% - in one year alone. [2] Innovation in technology and advancements in multimedia system are revolutionising the music industry. The bang example of technology/multimedias effect is the mySpace website, a social engagementing website offering an interactive network of photos, blogs, user profiles, groups, and an congenital e-mail system. MySpace, importantly, is withal hearth to many independent musicians, who send out songs directly on to their profile. These songs nates also be uploaded on to different profiles.

Because of its high popularity, mainstream musicians have entered this cut off as well. mySpace, in its current format, has operated for less(prenominal) than three years and in that short time has near 69 zillion registered users (i.e. sight who own a mySpace profile), and 1,716,030 of these profiles get spillage to aspiring musicians. [3] How will mySpace and other Internet music/interactive websites/forums change the face of music? And how are the record labels going to deal with this revolutionary feces where artists can self-market and self-distribute themselves? This thesis addresses the severe drop in CD sales and how it is affecting the written text industry and the record labels. Is it that...If you fate to get a plenteous essay, order it on our website: Orderessay

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