The Recorded Music Industry - 1602 Words

The recorded music industry is currently experiencing difficulties unimaginable during the 1980s, which were a period of growth, consolidation, and technical advancement. The album sector was still strong across the industry, something that became a financial boom from the mid-80s onwards with the advent and subsequent popularity of compact discs (CD). CDs became the dominant carrier of recorded music and quickly superseded vinyl albums. This was a major fillip to record companies, as fans bought CDs of their favourite old vinyl albums, thus classic albums artists from the 60s and 70s sold substantial amounts of CD versions of their old album catalogue. As many major record companies were part of multinational electric goods companies, a valid argument can be that record companies were providing the software (CDs) for the multinationals hardware (CD players). To illustrate this point, the electrical goods giants Philips and Sony owned record companies, and as stated on the Philipsâ⠂¬â„¢ website also collaborated in the research and development of the compact disc. The effect of owning both aspects of the process resulted in profits being monopolised by the multinationals. The current malaise afflicting the recorded music industry can be traced to the development of digital downloads to the market. Recorded music can now be compressed and made available in a digitally transferable format known as MP3. However, due to the digital nature of the format it is easier to shareShow MoreRelatedThe Future Of Recorded Music1703 Words   |  7 Pagesto Media 17 November 2015 The Future of Recorded Music Historically, recorded music holds a prominent place in social and civil issues. People recorded music themselves from live concerts or radio play. More people also bought physical copies of music, such as records and CDs. Music both creates and comments on culture. Music brings together individuals of all backgrounds, creating an environment of safety and self-expression. Advertising for recorded music becomes increasingly difficult for artistsRead MoreThe Effects of Music Downloading957 Words   |  4 PagesEffect of Music Downloading on the Music Industry â€Æ' The music industry faces major effects with illegal downloading of music. So many people today are trying to find the cheapest way to get their favorite music, by their favorite artist, so they can listen to them from their phones or mp3 players; therefore, it is reducing the amount of music that will hit the market. There are many new devices and technology that are used to download music illegally that makes it harder on the music industry. IllegalRead MoreThe Epidemic Of Illegal File Sharing1571 Words   |  7 PagesMusic Industry in America is one of the most powerful music industries in the world and it consists of many record labels, nevertheless, the top three major labels are Universal Music Group, Sony Music Entertainment, and Warner Music Group. Most of music industries earn revenue by creating and selling their goods to music consumers and also music retailers. In the past, major labels or music companies sold their products through sheet music (the handwritten or printed form of music notation) thenRead MoreCase Study : A M Octone Records916 Words   |  4 Pages   FINAL CASE QUESTIONS:  AM Octone Records 1.  Ã‚  According to the case, recorded music decreased and concert tickets increased from the years 2004 to 2007. According to research done by Nielsen SoundScan, recorded music sales declined by 9.5% in 2007 (AM/Records,3). Additionally, the manufacture’s unit shipments and retail dollar value graph shows a decrease in physical CD album and CD single sales. By contrast, an increase in digital CD and album sales and the mobile and subscription base modelRead MoreThe Is A Latin American Female Singer / Songwriter With The Goal1151 Words   |  5 Pagesmake her success. We can divide the music industry structure into three factors as production, distribution, and consumption. It is not too much to say that distribution is the most important factor in the music industry. Record labels produce records and give them to the distributor, and the distributor disseminates the records to wholesalers or retailers. Then stores sell records to current and future consumers. This is how recorded music is distributed to the music market in general. However, majorRead MoreThe History of Sound Recording Essay678 Words   |  3 PagesThe History of Sound Recording The methods used to produce, edit, and record music and sound have changed with the introduction of new sound technology. The compatibility of computer technology with music recording has led to large scale developments in computer-based systems, especially by home users. Modern computer technology in music and audio is fundamentally different in comparison to older magnetic tape recording techniques because it is digital. New computerisedRead MoreThe Music Distribution Model : Oliver Small1677 Words   |  7 PagesMusic Distribution In his article about the music distribution model, Oliver Small describes a paradox that has emerged in the music industry within the last ten years: â€Å"consumers are listening to music more than ever, yet profits from the sale of recorded music continue to decline† (42). The 2000s in the music industry was a rough time for labels and artists economically due to the various online file sharing and streaming services that have become available to the public. Now that consumers areRead MoreSound Recording s Evolution : Does It Affect The Music Industry?1427 Words   |  6 Pagesit affect music industry? Music industry these days is an open world to every one. Building own and expensive music library over the years or spending hours in record stores seeking for your favourite taste of the sound†¦ is over. If anyone decide to hear album by for example: ’The Beatles’ or single called ‘Feeling Good’ by ‘Nina Simone’, it can be found and played within seconds. Music platforms such as YouTube, Spotify, iTunes, SoundCould etc. gives us possibilities to reach any music at any timeRead MoreGlobalization in the Music industry1293 Words   |  6 Pagesï » ¿ Globalization in the Music Industry Jonathan Ben Ami ACOM 388 The music industry has been around for over two centuries (PBS). Its volatility can be measured by its ability to shift and change according to its time period, the technologies that arise through the ages and the public’s shift in musical taste. The music industry is comprised of many different components, organizations and individuals that operate within it. Some of these componentsRead MorePest Analysis Of China s Live And Recorded Music1212 Words   |  5 PagesPEST Analysis of China’s Live and Recorded Music The following is a PEST analysis showing the viability of recorded and live music sales in China. An analysis of the PEST factors divulges that it will be difficult for China to become a leading market in recorded and live music by 2028. Political factors China is politically stable relative to other emerging economies as regards to public service delivery and economic expansion. But the country’s public and private sectors experience rampant corruption