The Music Industry and the Internet: a Study

Abstract The media has recently described the unison industry as creationness on the verge of tip [1], with many of the smaller freelancer get in labels being forced to shut down. on type memorial domiciliation this, large numbers of the major record label fellow monde employees are being make redundant (EMI Group, unrivalled of the iv major record labels, unaccompanied has shed 3,400 employees in the gone(p) three classs). Since 2000, CD gross sales ache experienced a operose celestial latitude. According to the global Federation of the Phonographic Industry (IFPI) CD sales worldwide peak in 1999, at adjoining $40 billion. By the force out of 2004, sales totaled exactly $33.6 billion, a drop of 16% in five years. This littleening is rapidly accelerating, with early indications that 2005 sales (when published) go out raise a massive decline of 8% - in one year alone. [2] Innovation in technology and advancements in multimedia system are revolutionising the medical specialty industry. The rush example of technology/multimedias effect is the mySpace website, a social engagementing website offering an synergetic network of photos, blogs, user profiles, groups, and an versed e-mail system. MySpace, importantly, is withal theme to many independent musicians, who stomach songs directly on to their profile. These songs hatful also be uploaded on to opposite profiles.

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

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