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Impact of technology in the music industry
The rise of digital music and its effect on the music industry
Impact of the internet on the music industry
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Recommended: Impact of technology in the music industry
The music industry is constantly changing and adapting to new technologies and consumer behavior. Since the creation of Napster, the recording industry and its traditional business model have gone through a restructuring process. Because of the Internet, music has become more accessible and there isn’t a complete reliance on record labels but instead a direct artist-to-fan platform. Before 1999, the traditional business model was the platform for the music industry. This traditional business model consisted of an artist creating music and trying to be signed by a record label. Once the artist is signed, the organization provides a number of services which include but is not limited to financing music recording and production, organizing …show more content…
This peer-to-peer file sharing, or P2P, was an automated way to copy copyrighted material (Tyson). The creation and increased usage of Napster resulted in a crisis for the industry because neither the record labels nor the artists were getting any money in return. Although Napster lost in lawsuits against them for breaking copyright laws, labels weren’t able to stop this type of piracy and sure enough, new similar software platforms were created. Some P2P file sharing sites that are popular now include BitTorrent, uTorrent, and The Pirate Bay. P2P sharing changed the way the music could be shared and the traditional business model was no longer dominant in the music industry because of …show more content…
The downsizing and disappearance of retail music stores was a major one. CDs become widely available in large department stores rather than large chain and independent music stores, which had virtually disappeared throughout the country. This resulted in an increase in digital music sales and music downloading, both legally and illegally. Besides P2P sharing platforms, which for the most part have been illegal, digital music stores also began to dominate the music industry. The Recording Industry Association of America (RIAA) defines digital music as “music downloaded over the Internet for a fee, music downloaded from subscription sites, and music downloaded to cellular phones and other mobile devices.” Some popular digital music stores include Apple’s iTunes, eMusic, Amazon MP3, and Rhapsody. Because of these digital music stores and the Internet, artists no longer have to rely on record labels, but can distribute music independently and reach audiences that weren’t reachable
About 5 years ago Napster, a network software application, was being used to download music files. The network was growing faster than anybody who ever started it would have imagined. When artists, songwriters, and all of the other people involved in making CD's realized that this wasn't going to slow down any time soon, they decided that they needed to stop Napster. Little by little, Napster was being less used and it became harder to find the songs wanted until nobody used it anymore. When all of this was happening, other applications were made available. Kazaa and Grokster are probably the two most used Peer to Peer, or P2P file sharing networks you can find, although there are many others.
Napster is a virtual community, which consists of music news and chat-rooms, the main feature it offers is an easy way to download MP3's (music files). This controversial service has brought the lawsuit to Napster. Napster allows its subscribers to download the music files without charge. It is not however, from Napster that the subscribers get these files. It is from each other. The users share their hard drives so that other users can download any of their music files that they want.
In this case, there are three main effects of Napster on the recording industry. The first one is that it caused a large decline in record sales in a short time. According to this case, the spending on recorded music in U.S dropped 4.1% in 2001 and the industry’s top 10 albums also sold much less compared to the year before. The second effect is that it cased the sales of CD burners, blank CDs and digital audio players increase and nowadays, most new computers come with CD-RW drives installed, which means people can easily store downloaded music, share music with friends and take it with them anytime as well. The third effect is that it increased the cost of recorded music. Once people can download free music through peer-to-peer software services, they have less incentive to buy original editions, which will make recording industry spend more to fight against copyrights and invest more in new artists and new music. Overall, these three effects make the recording industry go through a hard time.
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.
As I sat in front of my computer downloading my favorite song from Napster, I started to think about how hard it must have been to write a song so sublime with the way the words flow from one another, and how talented one must be to do so. I started to think how hard people work on their music for themselves and their fans, and how their fans don’t realize what they are doing every time they download a song off the internet. What they don’t realize is that it is messing over the people who worked so hard pouring out their heart and soul into their music for everyone to enjoy. They are the people who are responsible for the music, not the people who work at Napster, or any of the other shafting music networks, who are embezzling from the people we all admire for the way they can flow out those heartwarming words. These words move us to the point that we want to cry, and sometimes do. These words we listen to when we want to go off into our own little world, and think about an extraordinary moment we once had that makes our sorrows disappear. These words remind us of a passed loved one who was once forgotten, and never to be again. They are the people who put their heart and soul into their music; these are people we use so selfishly and don’t even realize how much blood sweat and tears they shed just to put out quality words. They are the people we take for granted, and they are the people who sometimes take us, their fans, for granted as well, they are the artists themselves. File sharing is what it is thought as, but I don’t see it that way. I see it as theft, music theft; most commonly know as shafting. Every day people use shafting and think nothing of it. People sit in front of their computers and go to their favorite website and download file after file with out thinking how or where it comes from. They think it is just there for the taking and it is. Shafting is a trend that has just begun, but only time will tell how far it will go.
Sean Fanning and Sean Parker originally intended for Napster to be a “peer to peer” file-sharing program. Napster changed the way we as a community shared files. Instead of going out and buying a CD from one of your favorite artist, rather you could download their latest single and create your own CD rather than buying just one CD because you only like one of the songs. Instead you were converting different music files into MP3. These changes caused the Music Industry to take a hit singles were being released before they were even suppose to come out. CD sales dropped. The Record industry became outraged, even musicians started getting fed up. When it comes to the whole Napster vs. RIAA I had no idea that it was as huge as it was. I can understand
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.
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.
The most significant down side to technology is the loss in revenue from album sales. Illegal downloading of music has become prevalent in today’s society, and many artists—major or independent—receive little to no profit from album sales. Many companies, such as Apple, have tried combating the issue with protected file formats, but a loophole has always been found to bypass the protection. Unsigned and independently signed artists hurt the most, as they pay almost everything out-of-pocket to produce their music. The only feasible response to the loss in revenue, artists have found, is to increase tour dates. In today’s age, it is not rare to find artists who tour more than eight months out of each year. Touring has become one of, if not the only, reliable source of income for many
Musicians by the dozen were suddenly dropped by their labels and they didn’t know why, but then the artists realized, streaming was causing fewer and fewer sales and digital downloads everyday. BBC News quotes Lucy Rose, a British singer-songwriter, “I feel like it's getting harder and harder to survive in the music industry and to get established in any way. Not as many people are buying records as they used to, which makes things a lot harder for us. Because if people don't buy my record... I will get dropped by my label” (Is Streaming Good For Music?). The sad truth is that record labels have gone from supporting and promoting 20 artists a year to four or five because of sales, which is unfortunate because it has made the process for indie bands and labels making it in this new market highly competitive and challenging.
Most of the people who are part of making a record are paid in royalties, and anytime music changes hands without money being involved, those royalties can’t be paid—which is why so much has been done in recent years to try and reduce music piracy. Some progress has been made to curb this trend by offering easy, cheap downloads through outlets like iTunes and Amazon; this has helped because consumers can now purchase and download specific songs they like, rather than buy the whole album for just one song. A more recent development has been the emergence of Internet radio and streaming services like Spotify and Pandora, who offer either ad-based or paid subscription streaming of their music libraries. However, this new solution is currently still disputed by artists and labels because the current pay structures are still far less than if a consumer buys the music outright. These issues are far from being resolved. The upshot is that in many ways the Internet has made it more difficult for artists (and their labels, when applicable) to make a decent amount of money from music sales. Many artists have resorted to playing live to subsidize their loss of income. While one day these problems may be resolved, a lot of questions still
There are six key new market disruptions concerning the digital distribution of music: the creation of a new and broad customer base, the possibility of an annuity versus a per-unit revenue model, the gatekeeper advantage for a record company having proprietary access to a new digital distribution infrastructure, understanding of a technology that could be applied to other digital content, need for balance between physical and digital distribution strategies, the strategy the incumbent should adopt with respect to the evolving war over digital distribution standards. Was there a disruption or an evolution?
Purchasing music on the Internet has both good and bad impacts, but I have investigated that the bad impacts have outweighed the good impacts. The Internet has significantly impacted the music industry by financial losses and
CEO Sean Peace believes his website can help the music industry get back on its feet since the physical amount of print music has drastically decreased over the last several years. “Over time, he expects laws to change to allow non-accredited investors to participate, and a secondary market for royalty shares to form” (Baverman). While Peace’s predictions might prove to be too revolutionary for this time, he is on the right track to keeping up with the ever-changing music industry and how royalties
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...