The Music business is not only one of the largest components of the UK’s creative industries, it is worldwide, therefore an essential part of the UK’s culture and economy. With growth of digital media of the past ten years, the UK’s music business has changed significantly. The online sphere and the increase of online copyright infringement, is argued to have damaged the business, but it has also provided exciting new opportunities for the delivery of music, reaching a wider audience very quickly.
99% of the UK’s singles market is now digital and the growth of this format has provided flexibility for all consumers and great opportunities for the music industry to innovate.
However, like other formats, this does have its down-fall, including the increase of unpaid for and unlicensed downloading. In 2009 alone, UK music industry suffered an estimated £200 million infringement on online copyright, and the industry will no doubt see even more of an elevated rise in years to come with illegal download sites such as ‘Frostwire’ becoming more accessible at home. It is argued through many perspectives that the money should be going to those who create the music, for example, artists and producers; however, digital music is an exciting medium which has transformed and will keep transforming the industry.
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