Does Streaming Hurt The Music Business?
There are a number of other music streaming services in the market, the main competitors being Apple Music and Pandora. The first music streaming service I ever used was Apple Music and the selling point for me was the integration of Apple Music with your existing iTunes library, so you see all your music side-by-side. This functionality was error-prone, as it didn’t allow for cross-device syncing, meaning you have to re-download and recreate your created playlists. This became far too frustrating to deal with (amongst other issues) and so I moved to Spotify. The changeover was almost seamless as the basic structure and design of Apple Music and Spotify are very
Music fans continue to play and listen to their music.
The entertainment industry encompasses the composition, production, and marketing of music. The music industry has emerged as a dominant business and has maintained popularity by means of adapting alongside social movements, and representing different major classes of society. Music has been used by entertainers as a method of expression, and therefore often sheds light on prominent issues by illustrating relatable stories, or reactions to common problems. For example, The Drums, a modern Indie musical group, has composed the lyrics to the hit song “Money” to include imagery and repetition that work to expose the everyday struggle that impoverished Americans undergo.
43) Sales of his recordings an expected $300 million in sovereignties. 44) He may have likewise earned an extra $400 million from shows. 45)
Although some argue that advertisers distract an artist from making music, advertising helps an artist pay bills which allows them to make more music. “It [advertising] exists to make money, and artists need money in order to continue making money” which makes ads that much more important to bands (Johnson 6). Commercials allow artists to focus more on music by keeping them financially afloat. Coates states that “Booking agents and tour managers must be paid, gas and food must be bought, t-shirts and posters must be made – all these costs add up” and the money gained on tours may not offset the
The 2013 musical hit, “Blurred Lines” by Robin Thicke, brought in approximately $16,675,690. This just goes to show how much money is spent and invested on, in music today (Feeney). Music has been apart of the United States culture for some time, while African Americans were enslaved, they used music quite frequently as a means of self- expression. The African music combined with the European music had a major influence on jazz. During the Civil War the troops created music together, this helped them learn how to work together and better understand how to get along, this just goes to show that music is not just a form of entertainment but also a way to bring people together (Carlin 6,9).
Do you prefer to listen to music? Many of people do. The musicians sell their music and receive large sums of money. However, recently, there has been a large increase in popularity for music streaming services. To keep making money musicians have been required except endorsement deals from large corporations.
Censoring music on the radio does not mean that music is unavailable on other streaming platforms, because if one truly wanted to music, they could find it elsewhere. Music censorship, in actuality, is protecting the people of the country. It is stopping the spread of dangerous ideas. It is saving people’s lives. Therefore there is no reason that music shouldn’t be censored on the radio.
This study addresses how self-made artists in the music industry uses marketing skills to help promote their music compared to the artists that are signed to a record label. Throughout this essay, I’m to going to analyze and compare Chance the Rapper’s sales to that of a well-known Hip/Hop artist J. Cole and the marketing schemes deployed by the upcoming artists in the music industry. Artists must learn to adapt to change constantly. They have to incorporate or amalgamate several marketing and promoting schemes to grow their audience organically.
Artists and producers used to make most of their income from physical copy sales. Now most of the income usually comes
Social media also creates a hierarchy on the basis of follower counts and number of likes. The more followers one has, the more popular their account , which then transmits to their actual popularity in real life. However, these social incentives are not the only things driving people to use social media and gain more followers. Material incentives, like money, can also be given to social media figures. Because people can make money off of the number of likes they get on a photo it creates this idea that people can make a living off of their
According to RIAA statistics, the blossom of the industry began with the comparison of offline and online sales. With the popularity of digital, music industry focused on new strategies to develop their companies. From the above analysis it can be understood that the Music industry in UK is flourishing. But it still may be assumed difficult target for a new company. Internet and new technologies are developing every day and decline more and more new entrants in the market.
The aforementioned factors play a significant role in influencing what is purchased by the consumer, but if they bought other genres instead of pop music, then the industry would be forced to change. When it comes to sales “The music industry is a Superstar economy… the top 1% account for 77% of all artist recorded music income” (Mulligan). Artists who would fall under this 1% criteria mostly belong to the pop genre, such as Taylor Swift, Justin Timberlake, Bruno Mars, and so on. Notwithstanding drama-related reductions in popularity, artists such as these, and several others of “superstar” status, are the ones providing a great deal of the profits for the pop industry. It is through the widespread support of these artists by consumers where the homogeneity of pop music is encouraged and
Music has been an object of miracle, amazement, and even fear since the start of its presence. It has been used as a tool to shape culture and society through history. Music and its people influencing the lives and activities of society. Is this a good thing? Most would say yes.
Although it has produced a new form of piracy, the advantages of music streaming far exceed the disadvantages. Indisputably, music streaming is the future of the music industry. The projected value of the music streaming industry in 2020 is 16.5 billion USD (P. Schoenfeld Asset Management LP (PSAM), 2015) is and that suggests how the music streaming business will only get bigger from here. The music industry has to adapt and adjust to the development of music streaming in order to maximise its potential and yield the most benefits. As Leon C. Megginson so aptly put, “It is not the strongest or the most intelligent who will survive but those who can best manage change.”, without the ability to adapt, anyone would be left
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