Tim Alan How The Internet Has Changed The Music Industry

Two thirds of Australians use the internet to consume artistic content. A summary of Australian Participation in the Arts’ found consumption rates had increased from 15% in 2009 to 20% in 2015. This digital participation has caused an increase of 5% to the value of recorded music in Australia. Technological advancement is Omni-present within the working environment for Australian musicians and has caused a profound change in how individuals listen to music (p. 34). There are a limited number of platforms available on the internet that contain a ‘library’ of projects in

When speaking economically, the digital music sector of the international music industry is undoubtably the most important sector in the industry. Within the last decade, music has seen cardinal changes in the way both major and independent labels distribute their products. An industry that once relied on Payola 's and mass distribution of physical records and CD 's now relies heavily on the power of the internet. The first instance of mass distribution of music through the internet was by the service Ritmoteca.com in 1998 [1]. Ritmoteca had a library of over 300,000 songs, offering individual songs for 99 cents each and albums for $9.99. After signing distribution deals with many major music labels such as Warner

In “In Praise of P2P,” The Economist reports on the improvements of P2P technology for content distribution, and use of internet-routed phone. The P2P technology is praised as a bright system if we use it in an appropriate way. It seems that the entertainment industry should change it’s tactics against file sharing. Instead of demonizing P2P sharing, they should align themselves to take advantage of it. They should supply music through the internet in a more attractive way than underground. In “Anger Leads Metallica to the Internet,” it is introduced

3-4). While these statistics provide a look into the numerical growth of the streaming industry, it is also important to discuss the power that these streaming services have generated—over both the music industry and over established/aspiring artists. Subscriptions are on the rise, having increased significantly over the past ten years, but as is the amount of users streaming music on a free-trial or ad-supported basis—ultimately undercutting the music industry and artists alike. Blewett and Gollogly (2017) elaborate on this point, stating that, by the end of 2016, paid music streaming subscriptions drove a revenue growth of 60.4%—this growth more than offsetting a “20.5% decline in downloads” and a “7.6% decline in physical revenue” (Blewett & Gollogly, 2017, para. 4). Moreover, Borja and Dieringer (2016) explore the concept of streaming even further in their academic article, positing that the decline in paid digital downloads may be a direct result of streaming—as, music streaming can be perceived as a “complement” for music piracy, in which listeners can freely sample music to pirate later on (Borja & Dieringer, 2016, p. 1). The authors also suggest that streaming can provide a “venue for discovering and listening to new releases”; and after completing their 1052 surveys, conclude that streaming increased the likelihood of piracy by

Despite relevant findings, many individuals are under the impression that digital media services, such as digital downloading and streaming have a positive impact on the Music industry for reasons including music

Introduction: Setting the trend for the future, the distribution and consumption of recorded music transformed dramatically with the launching of Apple’s iTunes in 2001. The proliferation of online music subscription services and other music sharing services exerted a great pressure on the conventional music distribution business model. Combined with this transformation, piracy of digital music had a profound impact on the whole industry. These worsening conditions in the market place for recorded music forced both established and upcoming new artists to experiment with new ways of selling their music.

In the midst of the United States’ “dot com bubble” (years 1997-2000), there was a surge in technology that brought about file sharing and digital downloads. Threatening the survival of the music industry and introducing a unique set of challenges for the industry to overcome. To remain relevant in the new global market of digital music online, the music industry would have to evolve and change with the introduction of each new facet technology had to offer. The introduction of digitally compressed music files, so easily attainable for a small fee or downloaded legally (pirated) for free, made the music industry reevaluate how to make a profit and protect copyrights. Social media created a visible opportunity for both consumers and artists to maintain digital relationships while providing a platform for consumers to follow and discover new musicians and bands, naturally, making the internet a promotional medium for artists. As the corner record shops closed to make way for virtual storefronts and instant downloads; the internet, digital downloading, and social media made an enormous impact on the music industry that has changed the way consumers purchase, source, listen to, and produce music today.

The music industry has been greatly affected by the rising interest in the internet. People can instantly listen to songs by a single search, even entire albums. Digital downloading has allowed people to have constant access to any and all music. Deciding whether it is affecting the music industry positively or negatively is its own question, but there is absolutely no question that the entire industry is affected.

The digital revolution is pushing prices down. For us, we have always had to compete with piracy so are used to it but the majors had some very good years in the 70s, 80s, 90s so must have had to economise as a result of digital. Digital sales now account for about 20% of our sales income and are growing but physical sales are still strong. The main negative effect on us has been the demise of record shops and then distributors which makes it harder to continue the traditional methods of selling music.

Digitalization, data compression, and the internet have affected the music industry significantly. These technologies have shifted the recording industries from hard-copy recordings to digital music distribution. This has made it easier for consumers to enter the music market through copying. Consumers have access to copying technology that allows them to obtain music without paying the record label. The situations clipped high in 1999 when Napster, a file-sharing service was launched. The service facilitated music file sharing on a wider scale. The consumers just download the music and transfer it to a digital music device. This has negatively affected the trade value of music sales, for instance in

In 2000 the digital music was the next big thing in how consumers listen to music. The technological shift in music changed how the relationship is between the artists, recording companies, promoters and music stores on how they operate today. In the late 90’s and early 2000’s Peer-to-peer (P2P) networks allowed free exchange of music files with companies like Napster and Kazaa was a big step that allowed consumers to store large libraries of music. With the cost of hard drive space going down; it allowed for pocket-sized computers to store more information in a smaller space that open the door for apple to step in with the unveiling of the iPod and iTunes. These systems made it possible for storage and playback that gave consumers the

There are a number of factors to consider when attempting to determine whether or not the internet has done more to help musicians or to hurt them. Some of these factors are discussed within the internet posts of John Gump and Faza. However, the question of whether or not the internet has helped or hurt musicians is actually fairly broad. All musicians are not the same. There are living room, weekend warrior hobbyists who can consider themselves musicians, as well as professionals, who earn money for the playing and the distributing of their craft. A thorough examination of the arguments presented by the aforementioned authors demonstrates that the internet has done much to assist the former of these "musicians", and done just as much to harm the earning potential of the latter. To phrase this point more clearly, the internet has helped musicians in providing widespread access to a number of tools that are useful for the contemplation, production, and creation of music. But it has not helped musicians to earn a living.

The music industry has changed in very quickly in so many ways it almost seems impossible. Thomas Edison recorded the first voice in 1877 and now we listen to hundreds of different types of music on devices that hold more information than the computers that sent the first astronaut to the moon. People have been getting music in tons of ways for the past hundred plus years and when the internet came into the picture, the music industry sky rocketed. People could get their own music out and be heard just by clicking a few measly buttons and using the internet to stream millions of songs with high speed. But even though the internet has helped the music industry by making it easier to distribute, advertise, and produce music, it still has its disadvantages.

The music industry is one of the few industries that have enjoyed complete dominance in their particular segment from their very beginnings all the way up to the late 1990s. Once the internet began to take hold, and become available in every home, the music industry began losing ground in their market segment. Digital downloading through the internet became so popular that record labels began losing money at a significant rate. Their reaction to illegal downloading has been controversial, as well as desperate at times. An analysis on the history of the music industry, the advent of the internet as it applies to the recording industry, and the legal and ethical implications of their reaction may offer some clarity in how the record labels may move forward and still maintain a profit.

Over the past decade, the use of CDs has been replaced with online streaming and retailing. This has eliminated much of the record companies revenues as they were used to making most of their profit off of distribution and promotion of physical copies of artists albums (Niemen). This has caused for a major shift and remodeling of major players in the music industries business models. Companies such Sony, Warner Music Group and Universal Music Group have started to completely rethink the way they conduct business (Forbes). In the past record labels were not only responsible for production, distribution and promotion of an artist and his/her music, but they also acted as a bank (Forbes), funding the artists tours and recording sessions. Recently, these music giants have been moving towards becoming more of a modular network organization. What this means is that they are less occupied with the nitty gritty, and more focused on what they do best which is distribution and promotion. This also allows for more freedom of creativity for the artist as well as fairer split of profits (Forbes). This adaption of new business models clearly shows the versatility of the music industry in adapting to new times and technologies.