The global digital music industry continues to evolve rapidly, resulting in extensive expansion of record companies into new markets, creating new business models, monetization of the market by the main participants, the increase in attractiveness of digital music. Both users and artists are interested in increasing the audience of digital music market. Digital music is one of the key sources of revenues of the global music industry, which is growing dramatically. It should be noted that in context of increased competition, the competitive advantage is the key prerequisite for companies working in the music industry to safeguard their positions. ...
Essays on Music Market
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So how bad is music sharing? Music sharing in the 21st century is something that anyone can do with a computer and blank CDs. In the past, people had to buy music by going to a music store. Today, with technology advancement, sharing of music is as easy as copy and paste (Kaplan). Free music became very popular in the late nineties and early two thousand. With the help of peer-to-peer (P2P) networks, illegal music copying was affecting record companies’ sales by huge margins. The music industry began to sue P2P applications that supported sharing of illegal audio. Around the same ...
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