music industry report
How has the internet benefited the music industry
The music industry is dying. At least, this is the common expression among music businessmen. The availability of music for cheap prices and the abundance of illegal downloading have effectively crippled traditional music sales. While it’s true that the Internet has dramatically debilitated the traditional institutions that dominated the music industry, the Internet is actually aiding music as a cultural institution by transforming it from its flawed past to a brand new structure. -http://www.digitalamerica.org/how-the-internet-is-helping-the-music-industry-will-johnson/
The music industry we are all familiar with starts with record labels, and the introduction of the internet has broadened the potential for artist’ to create their own career without signing themselves to a major record label, and potentially spoiling their possibilities.
Record companies dominate the traditional music industry. Warner Music Group, Universal Music Group, Sony Music Group, and others were established as a result of sole proprietorships that were known as talent agencies in the 1950’s and 1960’s. These institutions were mostly small, independently created labeling companies run by entrepreneurs who would discover talent, create records and promote the performer’s live shows. Since these proprietorships were small in size, if an artist or group produced an album that did not sell well, the labeling companies would be forced to keep promoting their artist because other clients were harder to find due to competition among labels. - Steve Chapple and Reebee Garofalo, Rock ‘n’ Roll Is Here to Pay: The History and Politics of the Music Industry (Chicago: Nelson-Hall, 1978), 46.
Over the past half-century, some of these labels were either combined or purchased by other corporations, in turn putting only a few major corporate giants in control of music promotion. The corporations would loan money in order to pay for these entrepreneurial
The music industry is dying. At least, this is the common expression among music businessmen. The availability of music for cheap prices and the abundance of illegal downloading have effectively crippled traditional music sales. While it’s true that the Internet has dramatically debilitated the traditional institutions that dominated the music industry, the Internet is actually aiding music as a cultural institution by transforming it from its flawed past to a brand new structure. -http://www.digitalamerica.org/how-the-internet-is-helping-the-music-industry-will-johnson/
The music industry we are all familiar with starts with record labels, and the introduction of the internet has broadened the potential for artist’ to create their own career without signing themselves to a major record label, and potentially spoiling their possibilities.
Record companies dominate the traditional music industry. Warner Music Group, Universal Music Group, Sony Music Group, and others were established as a result of sole proprietorships that were known as talent agencies in the 1950’s and 1960’s. These institutions were mostly small, independently created labeling companies run by entrepreneurs who would discover talent, create records and promote the performer’s live shows. Since these proprietorships were small in size, if an artist or group produced an album that did not sell well, the labeling companies would be forced to keep promoting their artist because other clients were harder to find due to competition among labels. - Steve Chapple and Reebee Garofalo, Rock ‘n’ Roll Is Here to Pay: The History and Politics of the Music Industry (Chicago: Nelson-Hall, 1978), 46.
Over the past half-century, some of these labels were either combined or purchased by other corporations, in turn putting only a few major corporate giants in control of music promotion. The corporations would loan money in order to pay for these entrepreneurial