Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Music business framework
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Music business framework
Why should you have to spend money on a song you can listen to for free with streaming? With new apps like Spotify you can stream your music from a variety of artists without spending a dime. Now there is a premium version of the app but you would have to pay for a monthly subscription. While you don't have to do this, it opens up a way for you not to spend money on the newest hit song. Although it may seem ridiculous to have to buy a song all you have to do is search it in Spotify and chances are, it will show up. Now, some people will say, why listen to the song for a limited amount of time, just buy the song. Buying the song will allow you to listen to the song however long you want and it will never expire or go out of date. But, this means you will have to spend money on a song that might go out of style in a couple months. That only that one song, you could listen to the best song through Spotify or YouTube for free with no charge. …show more content…
In decades past, artists made money through physical sales of records, CDs, and cassettes. However, those forms of media are quickly fading away. And while downloading songs from services such as Amazon or iTunes has become the most common way for people to purchase music in recent years, the whole idea of buying music to own may be falling by the wayside. To take its place are Internet services that stream music directly to listeners on their smartphones, tablets, or computers (Carter). We shouldn't be having to pay for songs we love to listen to anymore. Plus, it still pays the artist every time their song is played or their music video is viewed on YouTube. In fact, they could make money from people having to listen to their music for free rather than buying it on iTunes or another
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.
An “analyst” was quoted in the case (in 2002) as saying that “people will pay for music on the Internet, eventually.” This person was skeptical of the willingness of consumers to pay for
Before the present time of computers and various media player technology, trading music files on the internet was practically unheard of. Today MP3 music files have become file format that is widely “swapped” over the internet. The problem with trading MP3's is that it violates copyright laws. However, this hasn’t stopped the tens of millions of file sharing software users who continue swap MP3’s. MP3 piracy is a costly business for many companies, and the disadvantages outweigh the advantages of “P2P” file sharing. File sharing is a costly, illegal practice that hurts not only the consumers, but the artists as well.
They should buy it or delete it from their computer. Some people might not like a song
The Internet—as it did for almost everything—has radically changed 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.
Spotify is an on-demand music streaming service that provides a two tiered service to its users. The free service allows users to listen to any song on demand within the application’s music catalogue, but with the presence of ads. The premium service, however, is completely ad free. Launched in 2008 in Sweden, Spotify has grown and currently has over 24 million active users. (Sisario, B) As a result of several deals struck with EMI, Sony, Universal, and Warner Music Group, Spotify currently holds a music catalogue of roughly 20 million songs.
Consumers rely on their smartphones and laptops to listen to music on-demand. Although there are many music streaming companies, Spotify was one of the first to let consumers access millions of artist without buying individuals songs or albums. With Spotify, consumers pay for a premium subscription that allows access to every artist, album, and song within their library of
People pay low subscription fees to streaming services, and as a result of this, listeners can be exposed to new artists and help these artists become popular (“Music Industry”). New artists are exposed to more people as streaming services often increase the amount of artists that people listen to. While streaming services do result in more exposure for an artist, that’s where the benefits stop. One of the issues with streaming services is payment issues. "Public relations missteps in the early 2000s kept many musicians from speaking out about economic issues, artists and executives said... But the shift toward streaming in recent years has prompted many musicians to investigate the changes in the business and comment online (Sisario)." Artists are not being paid much for providing their music to streaming services, but these issues and artist protests are being ignored by executives of the services until a high-profile artist makes the wage disparity public. "Streaming services pay a lot less than downloads, with the artists receiving a fraction of a cent per play on the service. Newer artists could struggle with the level of payments offered by the services, opponents have argued (O’Brien).” Hardworking artists are not receiving as much money from streaming services as they did from people purchasing their albums. This
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.
When I first opened iTunes on my computer some advertisements caught my attention. The advertisement that caught my attention the most was one that said “Classic Rock Hits $7.99 Albums”. This advertisement encouraged me to look in that section that had classic rock hits for only $7.99 and I found another album, Blood on the Tracks by Bob Dylan, that I also wanted to purchase. Another advertisement that caught my attention said “Hit Songs 69¢”. I also clicked on this advertisement because I thought that 69¢ for a song was a great deal. I found three songs that I thoroughly enjoyed; therefore, I also purchased them. Thir...
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...
There has been controversy as to whether music should be free or not. As for the people who love to listen to music all the time, they would agree that the music should be free of charge. Benefits of free music are that you can listen to music fan free, helps out bands to be known, and reaches the crowds in less time and boots the popularity of the song; however, there are drawbacks, such as CD & MP3 gross sales decline, it’s an insult & harmful to artist and in all actuality, you are paying the record labels.
Spotify is on-demand streaming music player. After registration and downloading the desktop application user gains access to more than 20 million songs that are currently available on Spotify [1]. The main characteristic of Spotify’s streaming service is that it does not sell music, but it gives access to it. Streaming digital music is based on agreements with content owners - record labels, digital distributors, aggregators and publisher collecting societies, to whom Spotify pays out royalties [2]. Without these agreements there would be no music to stream. Basically, Spotify has an intermediary role as it distributes music content from right holders to listeners.
Moreover, hackers came up with new ways to remove the digital copyrights so the same as before one downloads music and distributes them around. The industry gets its revenue from selling this content, whether it’s online or in stores, this funds new projects and allows for better products in the future. The public should be aware of this, downloading the content for free, and not buying it will decrease revenue for the companies, stopping them from undertaking future projects. “Production companies should lower the price on their products, I can’t buy music for at least 20$ per album and DVDs for 30$, I only make 200$ per month,” said George Issa, a music fan who spends most of his nights downloading music from the internet, “when there is an album or movie that I really like, I try to buy it legally, I don’t think I am doing anything wrong, they are wrong making money off our backs,” he added.
Now let’s flash forward back to present day when all that doesn’t happen anymore. Instead of saving of our money and begging our parents to take us to the store to buy a newly released album, we simply get on our computer, go to a website and download the album for free. It doesn’t matter what website it is, whether it is Limewire, Frostwire, or Pirate Bay, people will be happy with their free album. There are still some kids to this day who enjoy going to the store and buying and listening to an album the old-fashioned way but we have to wonder how bad things will get as more and more people are getting equipped with the Internet and the use of downloading music. While the internet might be making life easier for all, the growing use of downloading music on the Internet is growing into a detrimental and illegal problem.