Monday, 17 October 2011

The state of the music industry today & tomorrow

The music industry is not as it was the before. Things have changed. With this change has been the development of technology. In this I mean that ever since the first creation of the downloading site 'Napster', there has been a great increase in how people gain access to music. People have started and still remain to retrieve music without paying a price! Due to this music outlets have now had to suffer the consequence of shutting down. Wondered what had happened to your local HMV store? Well, because of you or our growing bad habit i should say rather, many owners of such stores have had to shut down and even minimalise there number of outlets.

What should we do? What should be done to tame such behaviour?

Well, the solution for some record labels and artists is to increase the prices of live events and as a result invest in artist merchandise in which will be sold at concerts and online also. This is what is done now by many artists however though, many others do not have enough of a fanbase to even pitch such an idea. For artists such as Jayz, U2, Take that, Eminem and Madonna this would be different as they have had fans over the years of different ages. Take Take that for example a great percentage of the fans are stereotypically women who are not in contact with the digital age.

Irrespective of the digital age issue,  another growing problem in the music industry is the damage of reality talent shows such as the Xfactor. Shows such as this have been branded by music lovers as "the tradition that kills music".

You do the math here!

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