Music Piracy And The Music Industry - 1833 Words

If you ask people about the state of the music industry, you’re more than likely to hear something along the lines of â€Å"the music industry is dying†, and in some ways, this is true. Music piracy has definitely harmed the music industry for the worse, and continues to be a threat, as according to Digital Music News internet piracy grew 44% from 2008 - 2014 (Steele, â€Å"If You Think Piracy...†). Numbers like that just simply aren’t good for the music industry, as each example of piracy is an example of a lost sale. However, there is a new force emerging within the music industry. This option takes the music industry down the same free, digital direction, but legally; it’s called music streaming. Music streaming offers listeners the opportunity to listen unlimited amounts of music, anytime, anywhere -- as long as they have internet and a medium to listen to it with (phones, tablets, computers) -- either for free, or for a monthly paid subscripti on. Streaming services that offer free music streaming gain revenue through advertisements, which are used to pay record labels and their artists; however, the major source of income comes from the paid subscriptions. Paying for a subscription to these websites offers users unique benefits that users would not be able to access through the free route. For example, some services become ad - free, allow you to download a certain number of songs, let you listen to whatever specific song you want to at any point in time, e.t.c. So what effectShow MoreRelatedMusic Industry And How Serious The Music Piracy1935 Words   |  8 Pagesin China music industry and how serious the music piracy in China music market? This paper will first present some news happened in recent years in China music factory about the music infringement lawsuits. Then it will show the whole trend and distribution of music sales in China. It will also use the microeconomic models to analyze the societal benefits under the situation of without and with piracy. Then the paper will give some discussion of existing literature about the music piracy. Keywords:Read MoreMusic Piracy s Impact On The Industry2329 Words   |  10 PagesMusic Piracy’s Impact on the Industry The digital age has brought innumerable benefits to society throughout the past decade. Many new markets have been created, and routes for innovation have opened, but not all industries have flourished as a result of this era. Music piracy, which is the illegal act of obtaining or distributing sound recordings without the owner’s permission, is theorized to be the ultimate downfall of the music industry. CD sales have plummeted and caused the music moguls toRead MoreEssay about Computer Piracy in The Music Industry900 Words   |  4 PagesComputer Piracy (The Music Industry) The music industry has had problems with computer piracy for many years now. There have been many programs devoted to giving out free music. Many of these programs are well know, but still very hard to stop. Napster, Kazaa, and the newest program, myTunes Redux are the most popular programs for music sharing. This essay will explain all about these main programs which allow free music to be shared all over the world. File-sharingRead MoreInternet Piracy and the Music Industries Business Model - Research Project4472 Words   |  18 PagesResearch Project: The Music Industry’s dramatic business model change from physical sales to digital downloads, how much the record labels are affected by internet piracy and how to regulate it. Information Discovery, Analysis and Interpretation Contents Page Page 1. Executive Summery 3 2. 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With technology developing as rapidly as it is; music piracy has been prosperous while traditional music sales have declined. This essay explores how cloud based music services have affected music consumption andRead MoreOnline Piracy: Threat to the Entertainment and Software Business1315 Words   |  6 PagesOnline piracy is being a threat to the business of the music, movie, and software industries. From Dictionary.com (n.d.), the definition of piracy is the unauthorized reproduction or use of a copyrighted book, recording, television program, patented invention, trademarked product. The focus of this paper is in the music, software, and e-book industries. Importance of Online Piracy to the Field of International Management The problem with online piracy is that companies are being affected by itRead MoreThe Evolution Of The Music Industry1686 Words   |  7 Pagesthe music industry has become an important global industry in last 50 years. The evolution of the music industry has given a boom to the economic activity in many geographical scales. Technological development has been playing an effective role for the evolution of the music industries. Looking back at the success of these music businesses, it used to be all about fun, dignity, entertainment and business. There were no issues regarding our social and cultural values nor there were any piracy issuesRead MoreEssay about The Impact of Music Piracy1144 Words   |  5 PagesThe Impact of Music Piracy According to the Recording Industry of America (RIAA) the record industry loses $4.3 billion dollars, worldwide, due to music piracy (RIAA, 2003). The American Federation of Artists claims that on-line music piracy has caused some record store sales to drop by 20% and that 20.6 billion illegal downloads occur every month (AFM, 2004). Many experts believe that music piracy is currently the number one threat to the music industry. RIAA sources claim 278 million peopleRead MoreInternet Piracy : Friend Or Foe?1327 Words   |  6 Pages5 November 2015 Internet Piracy: Friend or Foe? Internet piracy has been debated about for almost two decades, and still its effects are not clear to the public. Piracy is the act of illegally copying files that have been copyrighted, usually things like music, movies, games, and even books. The music and film industry usually report about a sharp decline in sales because of piracy, but other experts disagree and some even claim that piracy is helping those industries. There are obviously many