Friday 30 September 2011

The Future of The Music Industry

Research for music video

"What's the future for the music industry?"

Well, to be honest the future for the music industry is looking very bleak. In class we talked about how advanced technology has had good and bad impacts on the music industy today. One of the bad impacts is the use of the internet. The internet is the main reason why the future for the music industry is not looking very promising...



 Above I have created a small collage which shows some of the illegal/legal downlaoding sites, and programmes. Some I have included are Bearshare, Youtube converter, Lime wire and so on. Less than 15 years ago, the only way you were able to obtain music is if you went to the shops and brought an album, cassette or even a record for example. However, becuase nowadays nearly everyone owns or has access to internet and a PC, you can obtain music easily from the comfort of your own home.

Illegal downloading sites such as Youtube converter and Limwire has made it very, very easy for consumers to just simply download the programme and downlaod all types of music for absolutely free. Limewire, however, has been banned recently but there are still many illegal downloading sites accessible online.

In lesson, our teacher Annabelle asked us to raise our hands if we brought any CD's within the last year, and only about two people put their hand up! It was a very AWKWARD moment, as we felt quite guilty.. but it does go to show the reality of the impact of illegal downloading sites!

So what does this mean for the music industry? Well, because people can download free music online, this means a majority of people stop buying albums or singles etc, which mean that sales in CD's have fallen dramatically. Illegal downloading programmes even allow consumers to burn an unlimited amount of CD's too, and these free burnt CD's can be shared around with friends and family. So why buy an album when you can burn one for free?

Here are some statstics on the UK Musiic industry... The British Phonographic Institute (BPI) reported that the music industry had registered its first growth in sales for six years. The UK music industry grew by 5% in 2009 thanks to an upturn in revenue from concerts (Susan Boyle and Michael Jackson concert tickets), according to a report. UK Music sales "stabilised" against a global slide in CD revenues, it added, outperforming DVDs and computer games.

(Stastistics copied from http://www.bbc.co.uk/news/entertainment-arts-10866830 )



...So when the music industry are reciveing a good revenue, its almost like a miracle, seeing as the sales in CD's seem to be slowly declining...


The music industry have to adapt to this as they realise that it is almost impossible to block all illegal downloading sites. This is why they hope to gain revenue from the sales of concert or gig tickets for example. Also, many record labels rely on the sale of merchandise.
If now, nearly all young adults and adults download all their music free, then what does this mean for the music industry within the next ten years? Will the sales of CD's decline all together??? This is a major question which the music industry worry about all the time, however only time can tell...

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