The Internet's Effect on the Music Industry

2401 Words Oct 31st, 2008 10 Pages
The Internet’s Effect on the Music Industry The internet has had a big impact on the workings and revenue of the music industry. It has forced the industry to change and adapt (Blethen). These changes have had both positive and negative effects on the music industry, effecting all people within the business (Mansfield). Some people share the opinion that the industry having trouble and is in turmoil (Sloan). Others think that the internet has helped the industry with its growing success and will only make it better (“A Change of Tune; The Music Industry”). The internet has influenced the music industry by making piracy easier, creating online radio, creating new customer advantages and creating some company disadvantages. The internet …show more content…
Illegal downloads are a big contributor to the rise of concert ticket prices. Since 1996 concert tickets prices have risen 8.9 percent a year (“The end of music?”). Even those who do not commit music theft suffer from high ticket prices because of others. Unlike the rise of concert tickets, stock prices in the music industry have fallen because of piracy (Hauke). Many people have lost money due to this drop in the prices of music stock. Laws are also created because of piracy which have been know to annoy consumers (“France to Shut Off Internet for Pirate Users”). A positive effect of piracy on consumers is that it causes music companies to make their works easier to access and to buy (“France to Shut Off Internet for Pirate Users”). Many legal issues and court cases have been created between music pirates and record companies. An example of a legal issue would be the University of Tennessee. UT students rank fourth on a list of complaints from the record industry regarding online music piracy (Eder, “Music plunderers”). In 2007, the Recording Industry Association of America sent 959 notices to the University of Tennessee informing it that a user on its network is offering music for illegal downloading (Eder, “Music plunderers”). UT has received 700 music copyright infringement cases (Eder, “Music plunderers”). “Everybody downloads illegally. Everybody.” said Kristi Bogle, president of…