Radiohead: Music at Your Own Price Introduction: Apple’s iTunes launched in 2001 transformed distribution and consumption of recorded music setting the trend for the future. 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
Rap Music conquered the world. It no longer matters what part of the world you live in. Rap music can be heard playing from car’s passing in the streets and the hottest night club scene all across the globe. There is no doubt that Rap music has made a name for itself. With hard baselines and incredible word play put together in what is considered a standard sixteen bar versus has brought fame to artists of all styles. A virtual cash cow in the industry from music sells “it now generates over $10
issue of copyrighted music and its illegal consumption over the internet still continues to be a major issue. With the advent of the internet, digital music, and mp3 players, one of the drawbacks for many of those in the music industry was the subsequent increase in pirated music that occurred. As illegal torrent sites appeared, such as Napster and Limewire, people were discovering that they could now download for free what they once paid for. Of course, as a direct result, music companies and artists
of us who report using our smartphones to listen to music in a typical week”) might instead be texting while streaming a movie or song or perhaps downloading files to review on the small computer (aka smart phone) I carry around in my pocket. According to Neilson’s annual study of music listeners, “91% of the national population listens to music, spending more than 24 hours each week tuning into their favorite tunes.” (cite) We listen to music and we continue to listen to a lot of it. While Americans
• Illegal downloading platforms The recording industry estimates that it loses more than $4.6 billion every year to physical piracy (Lessig, 2004). The chart below shows that Spotify is helping to shift consumers away from piracy and towards their free, legal alternative. Due to the history of illegal music downloading in the digital age, consumer’s willingness to pay for the services provided by Spotify remains very low. • Free Versus Subscription Services Artists and record labels are
companies that manufacture and distribute recorded music and promote that music (or at least hire people to handle the promotion). There are two kinds of record labels; independent (indie labels) and major labels (aka big four labels). Indie record labels are independent companies that do not have a corporate backer. Major labels are large corporations often owned by a parent company, like Sony." Are record labels still revelant to the music industry? After some research, the
The discourse of authenticity in mass music culture has consistently been a recurring topic; from the mid-1960s onwards, the rise of rock n’ roll intensified a strong culture explicitly concerned with the authenticity of musical artists.1 Remaining increasingly valued, a certain popular music approach emerged, privileging anti-commercial, direct relationships between the autonomous act and its audience 2 over manufactured, commoditized acts mediated before cultural consumption. The conflict between
Spotify is a Swedish music streaming website that hosts music from record labels and musicians. The website contains albums, track lists and singles that can be played from the website. Music can be browsed on the website by artist, song, genre, or record label. Spotify was launched back in 2008, by a start up called Spotify AB. As of last year, Spotify had about 75 million active users on their website. The first most important event in launching the website was that the ideas
compensation system and their recently added online on-line music warehouse and distributor E-Sonic. By creating this strategic analysis there becomes a pathway to make informed decisions on employee compensation strategies at all levels of E-Sonic. Having this detailed concise report helps provide paramount information for E-Sonic to grow organically and achieve the ultimate company objective of dominant market leadership in the online music category. Having a better understanding of current state
INTRODUCTION The landscape of music industry has undeniably changed during the past 15 years. The advancing technology made a big impact on how we produce, market, promote, monetize and consume music. In my essay response I will be focusing on three themes: music production, branding and music consumption with my overarching theme being Technology. For an established or up-and-coming band in ‘90s there were four possible income sources: touring, merchandising, recordings and publishing. These