ipl-logo

E-Sonic Future Paper

441 Words2 Pages

The Long-Term Prospect for E-Sonic as a successful Future in meeting customers need with the implementation of an online music store. According to the US entertainment and media outlook provided by Price Waterhouse Cooper (PWC) between the years of 2016-2020 the music industry will be on a rise and with this happening this will be beneficial for E-Sonic future in implementing the online store. While the music industry is on a rise, E-Sonic will have to ensure that the cost for music remains affordable for current customers and attract future customers. According to, PWC live music will thrive by 4.7% in the year 2020 with total live music revenue being $11.7 billion. Also, by 2015-2020 digital music streaming will dominate with streaming being …show more content…

According to Martocchio (2013) E-Sonic executives have a lot of experience in the recording system and relationships with the major record labels that will give them the advantage in the new market venture, seeing that they were once a top performer in the music industry. Nevertheless, E-Sonic was once a top performer in the music organization with physical copies of CDs offered to their customers, which they are now undergoing a new business model in creating online music. Therefore, with CD sales are becoming insignificant, the live nation of digital music will be the big shift in the market. According to Music Business World Wide article, an analyst calculated a value of US $11.34bn for the global music publishing market in December 10th, 2014. However, with these figures E-Sonic can benefit from the digital market once they continue to hold on to their customers and their employees that allow the business to be successful. Music streaming is on the rise in the recent IFIP report “Recording Industry in Numbers 2014”. IFIP CEO Moore (2015) stated that, streaming is a vital aspect of the modern music

Show More
Related

Record Labels And Artists Cannot Persuade Listeners To Buy Their Music

551 Words | 3 Pages

Wilson also believed that streaming are going to be a norm as it is free and more advantageous than buying music or even downloading songs. This situation depicts an emerging change in the music industry. 5 years ago, Listeners had to choose whether to buy CD or download songs. Notably, we have started entering the new era of music streaming and their only choices are whether to download or streaming the song. Streaming music services like Spotify, Pandora and The Hype Machine have grown significantly in the past few years.

Read More

Molly Alveshire ESOC 316: Evolution Of Information Commerce

788 Words | 4 Pages

McIntyre, H. (2020). The Species of the Future. The Rise of Subscription Services in the Music Industry? Music Business Journal, 14(2), 45-58. Robinson, T., et al.

Read More

Vinyl: The Cost For The Australian Music Industry

248 Words | 1 Pages

Vinyl has experienced an enormous economic growth over the past decade, with physical formats now accounting for 30.6% (107.9 million) of the total music industry as of 2016. For the first time in history, the amount of money spent on vinyl had surpassed even that of digital downloads in the UK alone reaching 2.4million pounds compared to the 2.1million made from digital music purchases. It was also the sixth consecutive year that vinyl had seen an increase in sales (in Australia), with a 70% upsurge in value (15.1 million) from 2015 to 2016. So how is it that a format of music that seemed non-existent five years ago is now a dominant source of income for the Australian music industry? Through the research conducted it was apparent that

Read More

Argumentative Essay: Why Artists Should Use Their Music In Advertising

572 Words | 3 Pages

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.

Read More

Tidal Music Streaming Summary

585 Words | 3 Pages

The Pitfalls Plaguing Tidal Music Streaming If you've heard anything at all about Jay-Z's new music streaming company Tidal it was most likely not something flattering. Almost anytime a new article is written about the high-quality audio streaming service it is discussing one of the many woes Jay's company has faced since launching. Let's take a look at what some of the complaints surrounding Tidal include and decide how well founded they actually are. To start, we should really figure out the main selling points Tidal is pushing.

Read More

Hmv Executive Summary

1045 Words | 5 Pages

The music business has experienced numerous changes over HMV's long history however maybe a standout amongst the most noteworthy improvements has been the development of advanced recordings. 1....digital Competition The most clear foundation for the change in fortunes for HMV is the ascent of the web, which has brought both the opposition for physical deals from locales, for example, Amazon and in addition mp3 downloads from spots, for example, itunes now making up more than half of the music deals every year in the UK. It is confounding in the matter of why the UK's biggest music retailer for a considerable length of time would energetically overlook the development business of computerized products, however that is precisely what HMV accomplished for a considerable length of time. Mac was the pioneer, dispatching the itunes store in 2003 as a path for individuals with Gbs of music stockpiling now in

Read More

Tidal Addresses The Backlash Analysis

913 Words | 4 Pages

Tidal’s re-launch a recognizable success Over the last few years there has been a battle between artists, record labels, and streaming service. One prime example is the low-payment of $162 artist Lady Gaga received after receiving one million streams on Spotify for her hit song “Poker Face”. While during this battle artistes are pointing the finger at the streaming services and the streaming services are pointing their fingers at the record labels. Tidal on the other hand, a streaming service, which was recently purchased by Shawn Carter (Jay Z) and recently re-launched, looks to cut out the middleman, better known as the record label.

Read More

Why Music Should Not Be Free

1274 Words | 6 Pages

As the market grows, it provides improving opportunities for expansion and outreach for advertisements; thus, Pandora will be able to charge more for them. Also, as the market experiences consistent growth, lucrative partnerships with car makers and smartphone, tablet, and computer makers allows for further expansion of the user platform; the partnership opportunities does not end here. These days, consumers can get their SmartTVs, Blu-ray players, home audio systems, and even refrigerators and kitchen appliances preloaded with Pandora Radio streaming capabilities (Leonard). Other opportunities involve expanding offered services by providing music videos and on-demand music listening.

Read More

Jeffrey Bezos Biography

1873 Words | 8 Pages

Abstract Amazon.com is an organization that offers a wide range of books and most as of late music through their site at reduced costs. It was established by Jeff Bezos and started taking requests in July of 1995. From that point forward, Amazon has obtained five businesses that range from virtual database innovation to recordings while growing to the European market. Its gigantic measure of offers can be credited to its low aggressive costs and simplicity of shopping helpfully from home. Jeff Bezos is the founder and current CEO of Amazon that presented to him an extraordinary accomplishment from web shopping.

Read More

The Odyssey Research Paper

408 Words | 2 Pages

Greek Poet Homer wrote, and is famous for, The Iliad and The Odyssey. It was predicted that he was born around the 9th or 8th century B.C., Homer was born and died in Greece, Homer lived in Greece. The year Homer died is unknown. Homer was born to Telemachus and Epikaste. Both The Iliad and The Odyssey were written during the trojan war, a war between the Greeks and Trojans.

Read More

Sonic Essay

371 Words | 2 Pages

Sonic has many competitive advantages over other fast-food franchises, beginning with its appeal to baby boomers, those who were born from 1946 through to 1964. Sonic brings back the nostalgia for years gone past, specifically in the 1950's when curbside service from carhops on roller skates was the norm (Ferrell, Hirt & Ferrell, 2016). According to Dr. Markman (2013), remembering past events evokes a sense of positivity, optimism and social connection with others. For baby boomers, Sonic, allows them to take a trip back in time to relive moments when they were young and carefree. For the younger generation, a large menu of items that can all be customized is appealing.

Read More

Children's Online Privacy Protection Act Committee For The Toy Industry

1630 Words | 7 Pages

Besides, key players like Mattel have experienced a dip in sales in recent years. For instance, Mattel’s Barbie revenue dropped by 15% in 2015. Such declining sales are a common feature in the maturity stage of industry life cycle. However, the industry is still recording significant growth of sales of digital games and toys following technological advances (Follett 238). Besides, emerging markets and Latin America and Asia promise positive growth in the next few years.

Read More

How Has Technology Changed The Way We Listen To Music

244 Words | 1 Pages

Technological advances have changed the way we listen to music throughout many generations. Music players have evolved dramatically from the late 19th century to today. Their evolution has changed size, shape, and function, from the phonograph to the IPhone. The rise of the iPod, the music-playing mobile phone, and a number of streaming media platforms all point toward a single, simple idea: music is important. It’s important to people on an individual level, it’s important to the human race on a societal level, and it’s hugely influential to the state of technology.

Read More

Pestle Analysis Of The Music Industry

2724 Words | 11 Pages

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.

Read More

Music Industry Advantages And Disadvantages

1452 Words | 6 Pages

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

Read More

More about E-Sonic Future Paper

Related Topics

Open Document