In my argument I believe that downloading is not just the sole cause of the Music Industries slow downfall. As I have mentioned before there has been a shift from new music in the last few years. Instead of a C.D. dominated sale profit, things like downloading have taken millions of dollars away from that.
Record companies are demanding higher percentages in payment to make up for these losses forcing a squeeze on a already tight situation.
Because of this the Artist's are taking their own action. Turning to new companies, manufacturing more merchandise, and doing more tours. Just leaving the companies behind. Also legitimate downloading has caught them by surprise. Leaving them in the dust.
A greed and unwillingness to change seem to undermine the whole thing. Some believe that individual artist profit is up but that ideal is very debatable. To the artist, not that much has changed. Though to get anywhere is so much harder than before. Besides that downloading is still crippling what is left. A recent figure suggests that 20 billion files have been downloaded per year.
I suspect that because of troubling trends, our free ride on downloading won't last forever and a new revolution for music is just around the corner.
you are right with our free ride of downloading being over soon with that new law in NZ. this is a great blog. some more pictures would be great and you wrote "Turing to new companies" I think you meant turning*
ReplyDeleteThere will be more online music stores and as internet speed increases as well as cost decreases more music will be downloaded.
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