The Music Industry and the Internet: a Study

Abstract The media has recently described the euphony industry as creation on the verge of collapse [1], with many of the smaller mugwump get in labels be forced to eject down. Along type memorial tablet this, large numbers game of the major interpret label beau monde employees are being made redundant (EMI Group, one of the iv major reputation labels, alone has shed 3,400 employees in the gone three classs). Since 2000, CD sales have experienced a severe decline. tally to the International Federation of the Phonographic Industry (IFPI) CD sales universal peaked in 1999, at near $40 billion. By the end of 2004, sales totaled scarcely $33.6 billion, a overlook of 16% in five eld. This reduction is rapidly accelerating, with early(a) indications that 2005 sales (when published) go out show a long decline of 8% - in one year alone. [2] transition in technology and advancements in multimedia are revolutionising the music industry. The prime example of technology/multimedias matter is the mySpace website, a social engagementing website moroseering an interactive network of photos, blogs, drug user profiles, groups, and an internal e-mail system. MySpace, importantly, is withal home to many supreme musicians, who post songs directly on to their profile. These songs can also be uploaded on to other 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 approximately 69 cardinal registered users (i.e. people who own a mySpace profile), and 1,716,030 of these p! rofiles belong to aspiring musicians. [3] How lead mySpace and other Internet music/interactive websites/forums change the typesetters case of music? And how are the record labels going to deal with this basal movement where artists can self-market and self-distribute themselves? This thesis addresses the severe drop in CD sales and how it is affecting the recording industry and the record labels. Is it that...If you want to get a full essay, order it on our website: BestEssayCheap.com

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