The State of The Music Industry essays

The State of The Music Industry essays The state of the music industry is a curious and everchanging phenomenon. Lately, the multi-billion dollar industry has been in definite decline. Not to say however, that this decline doesnt have any relation to that of the state of the economy. In fact, looking statistically at the economy could help determine why in fact the music industry is in the state that it exists today. Also due to the internet, the popularity of the CD-R, and the various styles of retailing currently available, it will be more clearly revealed why the Music Industry might be suffering. The CD-R has become the poor mans answer to good music neglecting to understand that what they are doing in fact is piracy. They are stealing not only from the industry and the artist but from the economy. Music is a huge part of the economy and it has been thrown off center by the grand entrance of the CD burner. The burner has nearly become a staple part of a computer system and if not, dont fret, there are a bunch of external units to choose from. The RIAA states that one in two people had dowloaded music in the last month. The RIAA also states that three in 10 consumers report owning a CD burner; people who download music from the Internet are amongst consumers most likely to own CD burners (48%). Plus the most common use for CD burners amongst most consumers is making CDs for friends and family (54%) and making CD compilations (51%). That is truly a blast to recorded music sales and the retailers who distribute them. Still, number of CDs being shipped in seems to be high but unfortunately the demand is not coinciding with actual amounts of music sold. If the downloaded music was in fact being paid for, there would be ahuge difference in sales and that is the truth. DVDs seem to be the only things doing well at the moment because of the peril to duplicate them. Alas, the technology to do this is rapidly being updated and soon enough burning DVD...