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  • Declining Record Sales: Who Is to Blame?

    5617 Words  | 23 Pages

    The music recording industry is in trouble. For several years now, sales of new and popular music have steadily declined and show no sign of changing. The record companies are quick to blame the growing popularity of the Internet; music is being traded in a digital form online, often anonymously, with the use of file-sharing programs such as Morpheus, KaZaA, and Imesh, to name a few. The RIAA (Recording Industry Association of America) succeeded in disbanding the pioneer Internet file-sharing program

  • The Impact Of Internet On The Music Industry

    1276 Words  | 6 Pages

    Introduction: The music industry consists of the companies and individuals that make money by creating and selling music (Wikipedia). The current music industry which emerged around the middle of the 20th century has been undergoing drastic changes for the past two decades. When the Internet, and peer-to-peer file-sharing services such as Napster, Kazaa and Limewire, began their rise at the turn of the millennium, many predicted that the music industry, among other entertainment sectors, was headed

  • The Music Industry Is An Oligopoly

    1864 Words  | 8 Pages

    The music industry is an oligopoly. Since the late 1800’s people like Thomas Edison have been buying up patents in communication technology, forming monopolies, leading to a non-competitive entertainment industry. With only a handful of corporations controlling all aspects of acquisition, distribution and marketing of music, harsh business principles create an exploitative industry that takes the best of what artists have to offer and leaves many of them unable to support themselves. Beginning in

  • Marketing Analysis : Music Industry

    4034 Words  | 17 Pages

    EGRMGMT 590.06 Competitive Strategies Team 4 Anuraag Mishra Mani Ganesan Vaibhavi Kulkarni Zihe Meng Dhaval Trivedi Case 6: Music Industry CONTENTS EXECUTIVE SUMMARY 1 THE MUSIC INDUSTRY 1 INDUSTRY VALUE CHAIN 1 CONSUMER BEHAVIOR 2 DISTRIBUTION 4 RECORD LABELS 5 ARTISTS 5 TECHNOLOGY DISRUPTION 6 MEM RECORDS 8 MEM RECORDS VALUE CHAIN 8 VALUE PROPOSITION CANVAS 9 MARKET FORCES 10 PORTER’S 5 FORCES 10 ADDITIONAL FORCES AT PLAY 11 RECOMMENDATION 11 THREE HORIZON MODEL 11 HORIZON 1: 12 HORIZON

  • The Music Of The Digital Age

    1856 Words  | 8 Pages

    In today’s digital age, the record industry is booming and in 2014 alone recorded music generated almost 15 billion dollars, ("Global Recorded Music Sales Totalled US $15 billion in 2014.") and now, more than ever is the best time to capitalize on it. Due to the increased value of music and money that is being brought in from such artists as Taylor Swift, Justin Bieber, and Kanye West music is becoming a money making game.There are many start up indie labels that are capitalizing on local music scenes

  • Music And Electronics Aid One Another

    1389 Words  | 6 Pages

    Music and electronics aid one another. In one way a person can capture music they love through technology and electronic companies flourish due to the sale and popularity of these electronic devices. If a person wants to hear music they will turn on a stereo or TV, choose a CD or DVD to play, or listen to a songs downloaded in ITunes. All of these devices use electronics to record, play, and change the way music is heard. A look through history will show how far society has come in music alone. The

  • The Importance Of China 's Music Industry

    1828 Words  | 8 Pages

    Due to the sharp growth of economic and the huge scale of music market in China, the importance of China’s music industry catches the attention. Although the China’s music industry still cannot shake off some issues such as governmental control, political influence, copyright and so on (Montgomery 2010), the innovation of information technology bring an enormous change to this industry. Indeed, from 2000, this dramatically change attracted more international music companies to enter China’s music

  • The Sound Recording Amendment Act

    1401 Words  | 6 Pages

    In 1971 The U.S Congress passed the Sound Recording Amendment to the 1909 Copyright Statue. Through this act, it was acknowledged that audio recordings were worthy of legal copyright protection. This was the beginning of a new era for the music industry. The Sound Recording Amendment was enacted due to the bootlegging of vinyl records in hope of preventing the coping of music. Coincidentally, the issue of bootlegging music remains unsolved. “Much of the animosity toward our existing copyright framework

  • Should Music Be Free Or Not?

    2228 Words  | 9 Pages

    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

  • Music Entertainment : The Most Influential Label Essay

    1352 Words  | 6 Pages

    Sony Music Entertainment has been the most influential label in music history. They have signed musicians of all different generations and genres so their artists appeal to my generation, my parents generation, and even my grandparents generation. How do they know how to produce music that anybody can enjoy? And at the end of the day, what is more important to them, making a profit or making great music that they are proud of? Sony Music Entertainment was founded in 1929 by the merging of several