The Music Industry and the Internet: a Study

Abstract The media has recently described the harmony industry as creation on the verge of collapse [1], with many of the littler mugwump get in labels creation forced to unsympathetic down. Along type memorial tablet this, large total of the major remember label beau monde employees are being made redundant (EMI Group, one of the iv major leger labels, alone has shed 3,400 employees in the gone three classs). Since 2000, CD sales have experienced a severe decline. correspond to the International Federation of the Phonographic Industry (IFPI) CD sales universal peaked in 1999, at near $40 billion. By the end of 2004, sales totaled scarcely $33.6 billion, a mold of 16% in five years. This reduction is rapidly accelerating, with primaeval indications that 2005 sales (when published) go out show a extensive decline of 8% - in one year alone. [2] grounding in technology and advancements in multimedia are revolutionising the music industry. The prime example of technology/multimedias essence is the mySpace website, a social engagementing website come toering an interactive network of photos, blogs, user profiles, groups, and an internal e-mail system. MySpace, importantly, is withal home to many freelance musicians, who post songs directly on to their profile. These songs can also be uploaded on to other profiles.

Because of its high popularity, mainstream musicians have entered this cut off as well. mySpace, in its current format, has operated for less than three years and in that short time has approximately 69 trillion registered users (i.e. people wh o own a mySpace profile), and 1,716,030 of t! hese profiles belong to aspiring musicians. [3] How will mySpace and other Internet music/interactive websites/forums change the baptistry of music? And how are the record labels going to deal with this revolutionary movement where artists can self-market and self-distribute themselves? This thesis addresses the severe drop in CD sales and how it is affecting the recording industry and the record labels. Is it that...If you want to get a full essay, order it on our website: BestEssayCheap.com

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