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Mind My Karaoke - Music Business Plan

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Mind My Karaoke - Music Business Plan
Karaoke Booth

Executive summary
Karaoke is a Free Web based Application Software for pc , Smart phones and tablets. it is Initially Designer for the Indian Music Industry where people are Interested in social Networking and interacting with each other through various Mediums. Karaoke will appear close to Social networking, with a Fresh and New concept of people making their own karaoke version of their favorite latest songs from All Different languages all over India and share it With their friends and Well wishers, using it as an Recreational medium. With Increasing and Unbelievable Piracy rate in India Karaoke will help The record Companies , Artists and the Consumers as well. A Web based Application Software, where sharing Karaoke songs and Interacting with friends is new and easy to adapt and interesting as well.
The Karaoke offers up to date Original karaoke tracks with good quality and voice modulating options for the amateur singer who use it as a recreation and Fun. The karaoke itself acts as an Social Networking Medium where it meets Facebook , Twitter and Sound Cloud which are one of the Top rated Social mediums in this generation to make it more Interesting.

Business Idea
The Increasing Piracy rate in India, especially in the Music Industry where 95% of the Music Downloaded in India is claimed to be Illegal ( RIAA report - 2010). India when Compared to the Other Countries sadly remains in the top five , with a High piracy rate in the Film Industry. The Film Industry suffered loss of £ 450 476 000 ( INR 4000 00 00 000 ) due to Video and Audio piracy. There is drastic increasing level of music piracy through Online and Offline year by year, where there is no sign of decreasing piracy rate. The Indian Film Industry is a growing Industry where the numbers is on increase. India is the Largest producer of films according to the BBC report 2009. In 2009 India Produced 2961 films on celluloid includes 1288 feature Films. The are more than ten

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