Allowing Piracy As A Potential Business Opportunity. Online
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Allowing Piracy as a Potential Business Opportunity Online piracy is commonly referred to as a threat to businesses in the creative industries. The WTO Agreement on Trade-related Aspects of Intellectual Property Rights (a.k.a. “the TRIPS” agreement) defines piracy as: pirated copyright goods shall mean any goods which are copies made without the consent of the right holder or person duly authorised by the right holder in the country of production and which are made directly or indirectly from an article where the making of that copy would have constituted an infringement of a copyright or a related right under the law of the country of importation ().
A study conducted by Ipsos and Oxford Economics concluded that consumer…show more content… Streaming services such as Netflix and Hulu have taken this question and formed an answer that meets the satisfaction of their subscribers. Driven by anti-piracy innovation, by adopting the concept of online piracy downloads and streaming, services such as Netflix and Hulu allow various movies and television shows to be accessible across platforms such as mobile phones, laptops, computers, and televisions (). In an interview with Spanish newspaper, El Mundo, Netflix CEO Reed Hastings states “Well, you can call it a problem, but the truth is that [piracy] has also created a public used to viewing content on the Internet,” (). With piracy shifting viewers from television to the Internet, Netflix jumped on the opportunity to offer a streaming service, creating a legal version of piracy.
Moreover, with these streaming services being so successful, studies have shown that piracy has dropped by 29% in 2015 for the Australian film industry (). Hastings sees Netflix as a solution to piracy by saying:
We offer a simpler and immediate alternative to finding a torrent. In Holland, we had a similar situation. It was a country with a high rate of piracy. And the same thing happened in Canada. In both we are a successful service. We can think of this as the bottled water business. Tap water can be drunk and is free, but there is
flourished as a result of this era. Music piracy, which is the illegal act of obtaining or distributing sound recordings without the owner’s permission, is theorized to be the ultimate downfall of the music industry. CD sales have plummeted and caused the music moguls to panic, but their worriedness might be narrow sighted. Through speculative research, it can be surmised that the act of piracy can positively influence a musician’s career, allow for new opportunities and niches in the market, and have little
achieving the ambition of revitalizing and restructuring a weakened industry.
Business Philosophy – As a team, we progress with a strong tie with both our neighbor and ethics; we provide patrons with emotions, experiences, engagements and exclusiveness; and we develop, care and feed our artist’s fan base.
Vision Statement – Become the team who changes the worldwide poor reputation of the entertainment industry.
Business Model
Devotion Music Group places less emphases on the short-term return of hit
Piracy: Asset Not Annoyance
The music industry claims to be suffering losses in large amounts due to pirates. Apparently billions of dollars of money that could have been made is being taken away. Peer-to-peer file sharing, born from the advancement of modern technology, has been a large aspect of the internet for a couple of years, but still the music industry cannot figure out how to use it to their advantage. The truth is that file sharing should be viewed as a good thing for the music industry
faster rate. As technology advances there continues to be more of an opportunity for things to go wrong. The ability of our society to obtain information has been becoming as easy as it has ever been. I simple line into the google search bar and you are looking at millions upon millions of lings and opportunities to attain information. With this source and hundreds or even thousands of these resources just like it, piracy and copyright issues have never been more of a problem. And a very serious
Internet are becoming of essence to achieve successful business with the unremitting technological advancements. One of the fallacies of people is that you can only do e-business through the Internet. Conversely, that is just a part of this seemingly clear-cut novelty. E- Business is the complex fusion of business processes, enterprise applications, and organizational structure necessary to create a high-performance business model. E-business is needed in today 's market just to contend with the
Amber Dawkins - Music Business Skills
The Evolution Of The Internet And Its Effect On The Music Industry
The evolution of digital music has created an obvious and drastic shift in the way consumers and producers view and use the music industry. The introduction of digitally compressed music files has made music so easily attainable to all for a small fee or to download illegally for free. This has made the music industry reevaluate how they are to make a profit off their art form. Social media
Malaysian Piracy Industry
Though it isn’t the largest or the most lucrative business of its type, the Malaysian software piracy industry is arguably the boldest and most blatant in the world. Despite international pressure, government crackdowns, and attempts by focus groups, the industry survives and flourishes to this day. The purpose of this examination is to reveal what keeps the pirates running, what is being done to curb them, and ethical issues involving the unauthorized duplication
Video-on-demand or VOD, a service that allows users to select and watch videos over the internet, will be one of the greatest innovation as stated in the Netflix case study. It will be a great opportunity for Netflix, but it will also be a challenge to integrate or do away with its current business model. Its current business model is one that relies on the internet and the post service to deliver DVDs to its subscribers. Netflix should carefully enter the VOD market without doing away with its current model
the Idol Entertainment Ltd, ‘this represents neither a retrogression of society, nor a down step in terms of culture. It is normally a reflection of the current music market, which is to satisfy the consumers’ demands fundamentally.’ In fact, music online is currently receiving both profit and widespread acclaim, drawing lines with recording industry and traditional music profit modal (Zhang, 2006).
This report aims to give knowledge about several evolutions
DISCUSSION QUESTIONS, CASE INTRODUCTION AND KEY POINTS
Introduction
The case covers Blockbuster’s emergence in the video rentals market. After detailing the intricacies of the video rental market, the case takes a deeper dive into Blockbuster’s business model, based on brick-and-mortar locations throughout the US. This costly infrastructure has slowed the entertainment giant’s growth in an industry that has rapidly transitioned from the traditional store-based model, to mail rental and video-on-demand