Music Industry Today
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Music Industry Today
What is going on in the Music Industry today? How artists and record labels lose money because of the Internet, Illegal Downloads and the new enforced laws from the federal trade commission to not have a decline in the industry.
Curated by Von McGuire
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Music Piracy: Major Studies Conflicted Over Recording Industry Impact - Forbes

Music Piracy: Major Studies Conflicted Over Recording Industry Impact - Forbes | Music Industry Today | Scoop.it

Gene - There is much debate on weather illegal downloading of music hurts the legal purchasing of music or not. Study after study confirms both sides. There are many studies out there that point out that illegal downloading doesn’t hurt record sales for the simple fact that the music downloaded wouldn’t have been purchased anyways. There are other studies that point out that people that illegally download music are more likely to go out and purchase the music because they know what they are getting and want to support the artists that puts out good music. Other studies show that illegal downloads of music hurt record sales because people are cheap and don’t want to pay for an album, even if they like the artist, and know what to expect from them. With the advent of streaming services such as Spotify, and Pandora record sales are taking on a new direction entirely. As the digital sale and streaming of music becomes more popular, the argument of if illegal downloads hurt the sales of records should disappear.

 

 

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Sean Suabedissen's curator insight, April 16, 2013 1:43 PM

Insights on digital music and illegal dowloading.

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Facing the Music

Facing the Music | Music Industry Today | Scoop.it
Rock stars and music-industry execs once ruled the earth, but now -- in terms
of size and
profit margins -- the music industry is becoming the book business (minus the literacy).
Von McGuire's insight:

Facing the music for artists vs. the online world of downloading illegally for decline of the record industry.

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Music Downloads: Pirates—or Customers? — HBS Working Knowledge

Music Downloads: Pirates—or Customers? — HBS Working Knowledge | Music Industry Today | Scoop.it
Professor Felix Oberholzer-Gee and co-author Koleman Strumpf floored the disbelieving music industry with their findings that illegal music downloads don’t hurt CD sales. Oberholzer discusses what the industry should do next.
Von McGuire's insight:

This link breaks down the pros and cons of downloading music legal and illegally.

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What The Music Industry Is Doing Right - Forbes.com

What The Music Industry Is Doing Right - Forbes.com | Music Industry Today | Scoop.it
They've done a ton wrong. But not everything.
Von McGuire's insight:

This link is describing some things the music industry is doing right for 2013 year based on Forbes Website.

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The ‘Lost Generation’ of the Music Industry | Daten|teiler

The ‘Lost Generation’ of the Music Industry | Daten|teiler | Music Industry Today | Scoop.it
Datenteiler - Kopieren als Kulturtechnik. Seite über Gnu/Linux, Open Source und Open Content
Von McGuire's insight:

Richard Stallman published a book called "Die Anarchie der Hacker" basically describing internet programs like Limewire, Frostwire, Kazaa, and many others that allow consumers to download music illegal and get away with it. He also describes how the music industry is becoming a "Lost Generation" and hurting the artist and the record labels make record sells.

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Administrative Law Judge Bars Distributors of Three Tenors Media from Agreeing to "Fix, Raise, or Stabilize" Prices

Von McGuire's insight:

This is the link for the Federal Trade Commission describing what they had to do to Fix, Raise or Stabilize Music sells online and the consequences that will happen to consumers who download music.

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Music Industry Survival Guide: Make Money - Sell More Music Online | TuneCore

Music Industry Survival Guide: Make Money - Sell More Music Online | TuneCore | Music Industry Today | Scoop.it
Von McGuire's insight:

As far as the Music Industry selling the music online, it is coming more marketable for artists and the record labels to make money. There are many sources to buy music online like ITunes, Pandora, and many other sources. The music industry suffered financial problems in the early 2000s because of consumers downloading illegally online. Now the record labels charge consumers to buy music from songs to the whole album.

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