Music Industry Analysis Paper

The bigger companies like Warner Music Group, Universal Music Group, Song BMG Music Entertainment, etc., have the big dollars to promote all of their artists. Because the Internet has caught on, all of the music companies can promote everyone. Even the little companies can do this. Hopefully, the music industry will look at this as a blessing in disguise for the underground labels. Looking at this in the short-term of things, downloading music could hurt the music industry and their profits. However, later down the line, it will eventually benefit them. In a study done by Ipsos-Reid, it shows that 81% of the public that download music, often spend at least the same on records or even more than they did before downloading music from the Internet. The record industry must concentrate on offering value to the user and adapt to the publics needs (Vives, 2004). The music industry should try to realize that the ideas behind free downloads can benefit them. They should do what they can to market more from it, rather than turning their noses up at the technology behind it. They should realize that they waste more money on fighting the sites that offer free downloads and lobbing Congress to stop the downloading, they should build a system in which all music is readily available free. Making sites with easy to follow links to other online music store so that the people can buy music from the same place that they listen to it.

In may of nineteen ninety nine, Shawn Fanning and Sean Parker had had enough of paying for music. So, like any entrepreneur of the late nineties, they took to the internet, and founded Napster. A free website that used file-sharing technology to allow people to get their favorite songs by sharing files over the internet. The website was so successful, record companies began to take notice of their dwindling sales. By December of the same year, Napster was sued by the Recording Industry Association of America (RIAA), and basically anyone else who produced music for copyright infringement. Although the site got shut down, Fanning and Parker started what would become the music industry's streaming revolution. Music has become more and more vital over time because of the technology we use. Learning more about music can be beneficial to people all over the world. Today we will discuss the ways in which we consume music in the twenty-first century, how it has evolved, and what it means for the music industry going forward. I am going to discuss the way we listen to music because I have done Research about this topic and this is something I am passionate about. First, I will talk about the different technology that was so big decades ago. Then, I will talk about the different ways we consume music today and what that mean for the future. The changes in music development had in incredible impact on the music industry.

When wanting to listen to a song today, one no longer has to buy or download a physical copy. In today’s world, streaming has become one of the top ways of retrieving music content. This major change has led to a profound shift for the music industry and its artists. It has developed a continuous conflict that affects the way music is distributed and how artists make a living. Listeners stream music electronically through their computers, phones, cars, and more. Most of these streaming platforms allow for the content to be free, which directs to the question of whether music should be free or not. Streaming is a topic that has presented itself to be a valid issue on whether it ultimately hurts or helps artists and their careers. Streaming has both pros and cons, but in order to aim to figure a possible solution there needs to an examination of the history of the issue, a proper analysis of both sides, and evaluating its importance.

I believed the basic aim of these websites were to digitally respond reasonable to the technological changes of how music was conveyed to drive sales In a positive manner but musician ended up getting a small fraction of the income receive from streaming videos and audio songs as royalties. I can personally testify to this with my personal attitude towards many popular songs I downloaded for free online that I heard for the first time on radio. In his article published in the New York Times on January 2013, Ben Sisario commented on how online streaming has hurt the industry and partially reduced sales. According to him, Many consumers has greatly welcomed this system citing them as a smart way to save money since streaming saves them more money than buying the physical album. This will virtually hurt the artist survival unless they are engaged in an important side business for survival. ( Hartwig Masuch, chief executive officer of BMG rights

As a company in the streaming music Industry, it is essential to have a competitive advantage in order to stay in the run. Indeed, a big competition is established between all the companies which are using more or less the same business model. In the streaming music Industry, it is easier for clients to make implicit bargaining. Indeed, the more subscribers a company has, the more music labels will be in

In recent years, the music industry has immensely changed from buying physical copies of an album to streaming songs online from services such as Apple Music and Spotify. The landscape of the music industry is slowly transforming due to listeners' transition from buying music to streaming music. Many think that these services are giving artists a run for their money, as less and less physical copies of their work are being sold. Due to this, artists are leaning to consider licensing out their music and corporate sponsorship. Yet many think that artists are "selling out" if they take this action. Yet, in the midst of the large upheaval, artists should be allowed to use their music for advertisement.

In “The Music Industry Has Been Revolutionized,” Greg Kot explains musicians in the music industry are experiencing unwanted change around the world from technology since the popularity of file-sharing websites available online. Consumers of music don’t want to pay for music because of the increased availability, although not doing so prevents revenue for musicians. Explained in Kot’s article, increased popularity of file-sharing has made access to music so convenient to the point where the music industry is confused about how to respond to the lack of revenue while still keeping music readily available for consumer use. New technology has allowed the music industry more opportunities in being efficient with producing music. Furthermore, it

As streaming grew in popularity, a quandary developed: An artist's streaming and singles numbers must in some way affect their number of records sold, but how?

Who is really benefiting from digital downloads more? Since 2012, the digital music Industry has a dramatic increase in subscribers to the music in streaming sites such as Spotify, Deezer or Itunes . People spend over 62 billion on music downloads but how much of that goes to the artist?

Music is at our fingertips. We can turn on a radio or select a song on a menu and it

What’s your first thought when you hear a mind-blowing guitar? For me I used to gravitate towards the pickups, or the manufacturer. But after working on many guitars and building a few, I started to gain a respect for the relationship between wood and tone. The overall tone of a guitar can often times get overlooked. When deciding on your perfect guitar you need to consider every factor.

The "business side of music is struggling to generate enough revenue because of the new technology" ("How the Internet Changed Music."). "Most of the people who are part of making a record are paid in royalties, and anytime music changes hands without money being involved, those royalties can’t be paid—which is why so much has been done in recent years to try and reduce music piracy"("How The Internet Changed Music."). iTunes and Amazon has helped by offering cheap downloads for single songs, which allows the customer to only purchase songs they like rather than the entire album ("How the Internet Changed Music."). Spotify and Pandora, who offer either ad-based or paid subscription streaming of their music libraries, are Internet radio stations which have also helped with the piracy problem ("How The Internet Changed

When people illegally download music they are robbing the artists of royalties. The fact that people are increasingly stealing music begs a further question of how slippery this slope is. Will the music industry stop making money altogether because people can just find a way to get their music illegally? While this is the far extreme it is important to note the far reaching implications of what this could mean for the industry. Striking losses of profits would cripple artists and everyone involved in producing or distributed the music. An example of how the music industry is losing profits on royalties is evident with the declining us of CDs. Today, the CD is becoming an outdated and inferior product that only true fans of an artist will seek out. Another example is when music is being purchased legally online. When consumers purchase online music it is almost always going to be a lower cost. As a consumer, you have the option to just buy the songs you like.

The internet is the one media that brings up the most controversy in bands spreading their music. Whether they promote it or not their music is downloaded for free on the internet. Most bands do not like that their music is downloaded for free, but they can’t do much to stop it. In a way downloading music for free could bring the musicians even more money. If a person likes one of the songs they downloaded off of the internet they may be inclined to buy the entire album or at least the single. After the person buys the latest album they may even buy earlier albums from the same artist if they like the music enough. The internet has

The evolution of the music industry follows the familiar pattern of digitization. Innovation began with the introduction of the vinyl record, transitioned from the cassette tape to the compact disc and landed us in an era of digital downloads. The emergence of music streaming services like Spotify has progressed the industry even further, giving consumers the ability to access music on demand using download-free online platforms. Spotify faces criticism from artists as a result of the overlap of creativity and commerce. They argue that business activities corrupt creativity, transforming it into a tool for profitability rather than an outlet for expression. Artists insist that Spotify deters album sales, favors established artists and fails to support them financially. However, Spotify was created for consumers. It delivers an accessible alternative to purchasing and downloading music. The interplay between creativity and commerce is changing the nature of the music industry. Spotify has adapted to this change, providing a platform that supports both artists and consumers. Through analysis of the market, artist’s revenue, record labels and consumers, I will argue that artists should accept the evolution of the industry and support Spotify.