Everyone enjoys some fresh new music. Music costs these days are going up, because artists and record companies have to make up for all the free music downloads and file sharing that goes around. There is a discussion about whether or not free music downloading is helping or injuring the industry. The group that thinks that the music industry suffers from free music downloads, inspects all the stats and the amount of free music going around, and think about what they might have earned if each of those songs or albums brought in cash. They take this number and say this is what they are losing to online file sharing. Many people think this kind of music downloading is unethical, because the patron isn't paying for the good or service that they are receiving, when otherwise they'd pay to have the tracks on a CD. there were legal cases against Napster and other free music downloads sites for breaching copyright laws that protect the artist and record company. There are literally millions of free music downloads thru the United States every year. Of course, while CD sales are declining, sales of paid online music downloads are inflating. But the music industry argues that it is not enough to cover what they are losing, and that artists and record firms are being undercut and losing their credibility to sell anything when most customers know that its feasible to get a lot of songs for free. While clients are aware of the Napster case and moral problems concerned, frequently they don't take a stand because online file sharing can be so straightforward. Some patrons and business researchers say the free music downloads are not hurting the industry as much as it claims. When songs are shared freely online, it builds a fan base for artists. Buyers continue to pay costly costs for live concerts and events. Some online music corporations offer free music downloads as a bonus with purchase of other songs or other close items to bring in the free-searching listeners. When massive record companies complain about losing cash, lots of the time it falls on deaf ears because, even though there are multiple folks concerned in the studio and technical supporting process needed for a song to top the charts, the artist themselves and the record managers get the vast majority of the profit pie. The support staff are not in high paying positions, whether the music is being shared for free, and those that are making profit are pulling in millions, so please don't argue to us about a $0.75 song. This is a complex conversation about the economics of the music industry and its consumers, but both sides of the argument are powerful. As technology is shaping up, the music world of the media industry is getting pressures to switch how it makes cash. Companies will become arty with their profitability opportunities, and clients will demand a middle ground. Over the next couple of years we will see where that takes us.
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Friday, June 26, 2009
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