Changing The Music Industry

Conclusion

Technology as we know it today has completely transformed the music industry. Many companies are still struggling to keep up with the Internet, as it is changing or improving itself every day. From the beginning, problems transpired like: unlawful downloading and sites which allowed music to be shared, to existing disagreements over music streaming services and to how much revenue the artists or the labels should be paid in royalties. There are many questions being raised concerning the Internet with mostly none of them really being answered.

Decades ago after Apple transformed the music world with its iTunes store, the music world as we know it has experience yet another even more drastic transformation as listeners of music

As suppliers of legally licensed music, many feel as though their hard earn work is being taken, stolen from them and there is nothing they can do about it. Artists receiving pennies on a dollar while many Companies are making millions of dollars from something the artists have produced.

Before the Internet, music piracy was very limited, meaning it was harder for someone to copy or give out your work to anyone without you giving them permission to do so, but with the introduction of the Internet and everyone having access to it, artists are feeling like they are being robbed, making it much easier for people with little to no knowledge of technology and old piracy methods to gather media files.

While music is more reachable because of the Internet, it has made it extremely hard for those in the music industry to make money from their own creativities; but it can also be an incredible tool, which allows independent musicians to get a universal audience without having to have a label company back their

Looking at the negative aspect of it, we see that although the Internet is making it much easier and cheaper to acquire the music, it is also causing those in the industry to struggle to make money from it. Artists who normally are paid in royalties are seeing no money from their hard earned work, because there is no money involved when you are acquiring it from the Internet, which is why a lot of attention has been focused on trying to reduce music piracy. Although there has been some progress made to limit this problem by offering simple, inexpensive downloads through outlets like iTunes and Amazon; which allows consumers to purchase only the songs they want and not the entire album, a more current development has been the emergence of Internet radio and streaming services like Spotify and Pandora, who offer either ad-based or paid subscription streaming of their music libraries. Also, many artists feel as though that the existing pay arrangements are far less than if a consumer buys the music outright, and then there are those who have taken to stage performances in order to help subsidize their loss of income due to those acquiring it from the