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state of the current music industry
changes in the music industry
modern day music industry
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The limitless access to music makes it easy to forget that people's careers rely on the profit behind every song. A profit that is continually shrinking, something that is forcing companies to re-think the way they get music to us, the fans. This will affect everyone who has the slightest interest in music. Some for the worse, but many for the better. MUSIC INDUSTRY STATE Earlier this year (DATE???) alt-rockers Cake topped the Billboard 200 chart with their first album in seven (???) years, Showroom of Compassion. The album sold 44,000 copies the first week of its release, a record low for the number one hit. At the same time, Britney Spears' single “Hold It Against Me” scaled the digital song chart with 411,000 copies sold. The two charts illustrate the change in the way we listen to music. The Internet—as it did for almost everything—has radically affected the way people get music. The Internet has cut into the music industry's profits. It reduced the demand for CDs, increased the interest in singles and let people decide whether they want to pay for the new Prince album. This alone could be offset if all of the people pirating music would go to their favorite artists' shows. However, the hard economy has rapidly cut into people's ability to spend on luxury items and concerts rank right up there with sports in terms of practicality. This one-two punch has left the industry experimenting with different ideas trying to find their next revenue stream. No one is sure where the music industry will be in the next five years, but things are already changing. Musicians have more and more avenues to reach fan bases, and huge record companies no longer dominate the scene. This is good for musicians and even better for fans... ... middle of paper ... ...ller, more intimate venues. Think First Avenue instead of the Excel Energy Center. The strategy helps artists because loyal fans are the ones most likely to head to shows (and buy a t-shirt). It benefits fans because they get much more back from artists they love dearly. The Gorillaz released an entire album free last Christmas as a tribute to their fans. Artists and fans alike have been at the forefront of the music-scene revolution, and both have benefited in a number of ways. While major record labels try to find new ways to return to the years of massive profit, many artists have found new ways to connect with fans on a more personal level as well as new ways to get their music heard. Fans are discovering the perks of following artists that aren't controlled by four-record deals and corporate input. The music landscape is changing. This is a good thing.
In the past, singers made money through CDs and cassettes. These forms of media have been replaced with digital copies of albums and songs. Even this method of accessing music has begun to fade away with the replacement of streaming services such as Spotify, Apple Music, or Soundcloud. Artists’ music has also been used in advertisements. This can negatively affect the artist’s career. Music artists shouldn’t have their songs in advertising.
Despite these drastic changes in the way the world consumes music over the last ...
...he essence of a grief-stricken generation, exhibited an unyielding emphasis on the importance of piercing passion over musical intricacy, and introduced the world to a vast array of gifted musicians who did not deem music as a tool to achieve recognition or financial stability. In turn, the decades that followed the rise of alternative rock have been inundated with so-called musicians whose main goal has been to get their faces plastered on magazine covers and achieve maximum public exposure, rather than devoting themselves to their craft. Consequently, the world has been left with nothing but an endless parade of shocking behavior, skimpy outfits, and mediocre music. Unfortunately, if the current state of affairs is any hint of what the future holds for music audiences, the magic generated by the nineties alternative rock will not be matched in years to come.
The music industry is about selling the recordings and the performances of music among many individuals and organizations that works with musicians. The music industry has both the charm and the organizational architecture to affect the business and the cultural trends. There are millions of listeners and followers to the products of the music industry. The opinions of these listeners always change depending on what they see or hear. The music business or industries have been influencing generations of recording artists, business professionals and consumers. The music industries have been reinforcing questionable subject matter, music lyrics and business and social norms.
I have been asked to identify and evaluate two important current developments in the music industry. I will be discussing the rise of electronic dance music and also the growing number of musicians gaining success via YouTube.
Hip-hop is moving backwards in the sense that it is regaining its revolutionary and activist voice, as more independent artists are claiming control of the spotlight. Hip-hop is moving forward in the sense that it is no longer catering to one general sound, and corporate labels are losing their grip on the images that get displayed to the masses. Hip-hop is becoming more local. Hip-hop is becoming more about the experience, and less about what is hot and on the top 100 right now. Hip-hop is catering more to the individual’s unique taste, rather than mass-producing one sound and one message. Hip-hop, in the future, will be able to truly uphold its title as “the people’s genre” again. Hip-hop is being reborn, and being returned to a state that runs on artistic investment rather than commercial
Spotify’s Time. (n.d.). Music Business Journal Berklee College of Music RSS. Retrieved May 21, 2014, from http://www.thembj.org/2014/05/spotifys-time/
Majerol, Ueronica. “How the Web Changed Music Forever.” New York Times Upfront 145.11 (2013):21. MasterFILE Complete, Web 24 Feb. 2014
The world of the music industry has changed greatly since the heady heyday of vinyl. The way to a music fan 's heart, however, has not changed at all. There was a time when fans fell in love with music and lined up for the next hot album release. Those days are gone.
In today’s evolving and changing society, many people do not appreciate how extraordinary music truly is. Since the birth of the vinyl record, there are less people who own and are interested in them. Even though vinyl records have recently been making a comeback, they are still not as popular as they once were. People take for granted how easily accessible music is today though in the past it was not as simple. Even though vinyl records may be costly and may not have a large quantity of songs, as time progresses and technology continues to develop, the way that people listen to music degrades their appreciation for music due to easier accessibility, weaker sound in terms of quality, and decaying genres.
Back in the early 1980’s, record labels controlled what people could hear through airplay, record distribution and manufacturing, and selective promotion of music based on their judgement of their audience. An artist’s only feasible option was to go through this system. To obtain music of high quality, people had to buy vinyl singles or albums or tape, and later, only CDs. There was no practical way to listen to music before buying it without listening to or taping off the radio. Music was very restricted by several different record companies.
Spotify is one of the most popular streaming services. And since its breakthrough, access to music have never been easier – just type in the name of an artist or a song and press play. The advantage of it is that listeners gets to listen to their wanted music instantly and for free and artist gets paid royalties. But since spotify’s big breakthrough there has been big debates if free music streaming is going to kill the music industry or if it’s going to help it.
One important change that has occurred is the distribution of music digitally. Music now in our society is purchased through the Internet. The simplicity of having an entire library of music on one device has been adopted versus having stacks of CD’s or tapes. The emergence of the Mp3 file has changed how we listen to music. Mp3 are digital songs that are portable, provide high quality sound, and are less expensive. Essentially by eliminating middlemen, digital music took control of music away from the major record companies and put the power in the listener’s hands. Major companies such as Apple’s iTunes created the distribution of digital music. CNNMoney mentions, “iTunes is currently responsible for 63% of all digital music sales” (CNNMoney). They set the standard of 99 cents for a single song, which was quickly adopted by major music companies. Selling songs by singles provided more control ...
When it comes to the music industry, an artist makes a song, the label sells the song and then the listener buys it? In the world today, the music industry is knowledgeable of digital downloads, music videos, file sharing, and now social media. Social media is the voice of an individual and captures joy, emotions or thoughts in pictures, tweets or status updates. It is a reachable space that is used to keep in touch and to reach out. Social media allows listeners to shares their favorite artists, post their favorite songs and really created a genuine connection with the artists. The music industry has changed because social media is a tool needed to connecting with the listeners. Social media is necessary to maintain a career in the music business.
The music industry started in the mid 18th century with Wolfgang Amadeus Mozart. Through the decades there has been a great increase in this industry; however, the revenues for this industry have declined by half in the last 10 years. This has been caused by music piracy, which “is the copying and distributing of copies of a piece of music for which the composer, recording artist, or copyright-holding record company did not give consent” . After 1980’s, when the Internet was released to public, people started to develop programs and websites in which they could share music, videos, and information with...