Yg Swot

The music industry is made of companies which produce and sell music. The music industry as we know it was solidified in the mid-twentieth century, where records succeeded sheet music as the primary product in the music business. Record companies were established, but did not last very long until the late 1980s when the “Big Six”, a group of multinational corporations consisting of Sony, MCA, WEA, Polygram, EMI, and BMG controlled most of the market. Initially there were five corporations (CBS and RCA (both now belonging to Sony), WEA, EMI, and Polygram) that had emerged in 1978 to own 60 per cent of the market. (Wallis and Malm, 1984, p. 81)

Music is a common thread and form of expression throughout all cultures. In every country the world over you will find a different style or genre of music with a unique sound. Each original style stems from the different kinds people and their cultures. The music industry has a major influence in our society. As of 2014, America had the world’s largest music market with a retail value of almost 5,000.5 million dollars, and it continues to grow.

Social media has had a profound effect on the likability of certain genres and the artists that create music in those genres. The way in which we discover music today has drastically changed. Prior to the existence and popularity of social media, listeners listened to and discovered new music through the radio, album purchases, or from word of mouth. Music lovers today are discovering their music through social media, from small music blogs to online streaming sites. Various entertainment companies around the world have begun to rely on social media marketing; a marketing style in which companies use various social media

Figure 3 Flow chart showing the change in the way music is distributed with the entrance of new actors such as streaming services (Oestricher & Kuzma, 2009)

In recent years, three firms have taken control of over 75 percent of the music industry: Universal Music Group, Sony Music, and Warner Music Group (McIntosh & Pavlik, 2004, p. 99). Because these record labels do not profit from music styles that lacks strong mass market appeal, styles tend to fit well-established genres. This results in formulaic and homogeneous music.

The entertainment industry kept growing for years and as the business grew, the competition also increased. There has also been an increase in the sales of music online. Selling online made it cheaper for customers and as a result many preferred to buy them online rather than going to the stores and buying music. Secondly, there has been an increase in illegal digital downloading; young people tend to download music of various formats which are easily available from the internet. This has lead to

The ever-changing landscape of music distribution, due to constant advancements in technology, is sometimes hard to keep up with for artist, producer, and consumer alike. New editions of textbooks in Music Business classes are issued each year, and changes are made in the industry before the semester is even over. Because of this, it is vital for the industry to not only not only be aware of what is currently going happening, but also be able to foresee the direction that the music business is heading in. In this aspect, it seems that we are at a turning point where consumers and artists are taking

Social media is a big part of the music industry now. In the 1970’s they actually had to be in a studio to record any music, but now that has all changed such as SoundCloud and youtube have actually helped rappers to

We can divide the music industry structure into three factors as production, distribution, and consumption. It is not too much to say that distribution is the most important factor in the music

But there is a reason for this, cause in Korea once one has auditioned and have been accepted into one of these companies they must be trained in singing, dancing, music composition, and acting. They also have to take lessons in English, Japanese, and Mandarin. Or, if your one of the non- Korean natives in a group you must take Korean lessons. And usually the trainees have to be trained for a minimum of 2-3yrs. And, after all of that you are finally placed into a group of at least 6-7 other trainees and then you debut as either a boy or girl group and each member has their own special role within the group.

The popular music industry in the late 1990s was dominated by a small number of integrated corporations with headquarters in Europe, the United States and Japan. This music market starts simply with an artist and moves along through many steps to the consumer. Everything has its start when a musician presents his music to a music manager, and if he/she finds the music promising, a contract is signed between the two, recordings are made and a marketing plan is drafted for the

Music plays a significant rule in our lives. It’s a melody and rhythm we live in. It plays a very essential rule in our day to day to life when it comes to expressing feelings, passing time and for other uses as well. Though we in general may not think about how music has changed so much in the past few decades we must acknowledge the fact todays music is the outcome of the various change in the past. Today’s majority of music we hear is what we define as more as a “westernized” music. Considering other cultures in the world, a huge impact of western music is seen within them. Westernization and modernization are two different words with different meanings and they have two different impacts on a society. Modernization is used to define the improvements and show a progressive transition from one stage to another. Westernization is the concept of being influenced by the customs and techniques of the western society and reflecting them in a non-western culture. This essay will discuss furtherly about the impact of the western society on music cultures of North India and Korea by looking from both the positive and negative point of this impact.

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.

Musicians are one of many aspects of entertainment that are impacted by the media. “Possibly the biggest shift in music has come through social media through an increased level of interaction between musicians and fans” (Evans). Now that we have social media it benefits the artist and the fans. The artist is able to broadcast, promote and share things that were not possible before. An example of this would be the artist can share their latest news, achievements or plans with their fans.The fans are able to keep up with the artist, be more interactive with them and communicate with them better. An example of this would be they can message , leave comments, or watch videos of the celebrity. These are just some of the ways that the media has impacted the music industry.

The internet is an important tool for these singers to reach out to his or her fans. Websites such as Facebook and Twitter have been used as a way to do so. The internet has been used as a haven for illegal activities as well, one of them is piracy. When one mentions the internet, the first matter that comes to mind is piracy. The number of cases of online piracy has skyrocketed in the last few years. Websites such as The Pirate Bay and Mininova have been instrumental in this uprising of universal outcry for changes in copyright laws. Of all the types of media, books and music have been two of the most pirated. Full music albums are available to download for free on websites and eBooks have been pirated in large quantities. This movement of online piracy has influenced the population. Buying music is unheard of and ridiculed, while books are now downloaded more than they are bought in stores. This trend of electronic downloading instead of the old fashioned buying from a store has influenced our society immensely. Not only does it make books and music more affordable, it also makes it much more convenient for users, as they can gain access to full albums of music and books from the comfort of their homes. However, this trend of piracy also has its downside. Lesser known artists and authors whom need the sales from their books and music to make a living are now unable to because their works are publicly available for free on the internet.