Changes in the Music Industry

The music industry is an ever-evolving revolutionary entertainment industry for the masses. Music provides entertainment to all different masses due to the variety of genres produced. Music is a very profitable and complex industry. Music has expanded to a worldwide industry for musical artist to express their art through the form of song to the masses. Music not only appeals to the ears but to every aspect of a person. Music allows for individuals to explore and let their imagination expand as they here a song. Throughout the years the industry has undergone dramatic changes. Whether it is genres, forms of how it is distributed, or even the impact the artist have had. The industry is diverse and ever changing as the years continue. In the past 20 years the industry has changed with help of the technological breakthroughs and adoptions.

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 ...

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...his since they make money for licensing the music for the streaming services. Labels are embracing the streaming services since this allows another way for making revenue in a not so strong music economy.

Music has been a part of human culture since the beginning of time, and it continues to transcend language barriers, belief systems, and remains completely open to interpretation. Music has changed drastically in the last 20 years. The main barrier breaker is credited to the Internet, which has opened an entire new world for music. Music will continue to evolve over time as the industry finds new ways to use the Internet. Major labels have found that adapting to the new ways of the industry has provided continual change for them. Musicians and labels have to continue to be open to accept the changes as time goes on to benefit the consumers as well as themselves.