Future of the Music Industry

A terrible thing is happening to the learned melody business as we know it. It is liter eithery going away. For days now many of us read been predicting the demise of the record labels, falling CD sales, the erosion of radio as a promotional channel, lack of barriers to entry into symphony making - and all the rest. Well now it seems like the worst possible emerging is happening right before our eyes. CD sales are falling off a cliff as we speak. sales of CDs in the US were down over 20% in the first quarter of 2007 according to Sounds bear, yes folks, down 20% - and we have 9 months left to go. The same report shows sales of digital downloads up 52%, but that is not nearly luxuriant to offset the free-fall in CD sales. More telling is the concomitant that the increase in paid digital downloads is slowing from the unsustainable grade of the last couple of years (87% for the first quarter of 2006). succession all this is happening, illegal downloading of songs and albums and the wholesale trading of files continues to skyrocket. It will before long be unaccepted to make a significant gather from the sales of recorded music.

The brain trust that represents the recorded music industry has success wide-cuty lobbied the Copyright Royalty Board in the US to effectively strangle Internet Radio, the last apprehend for the marketing machine that once was the record label combine. If these clean regulations stand, not only will it be nearly impossible to make a profit selling CDS, it will be nearly impossible to promote new music or run a fledling online streaming service. See this excellent name from Salon on the subject. Just last week, the mini-major label EMI agree to release unprotected, DRM free music from its catalog via the Apple iTunes store. This is plan to happen soon, at a premium price of $1.29 vs $.99 for the celibacy belt wrapped files. Do you see anything wrong with that determine model? Charge more for the unprotected file when you can get them for free practically... If you want to get a full essay, order it on our website: Orderessay

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