Music Industry

The current state of the music industry is disappointing, but it is still progressing. Continuing to deform is very interesting. Turning to digital music has brought a new era that affects all aspects of business. The view is different whether the project has improved or declined, but that is changing, the fact that the future of music is formed in front of us is the fact. Clearly, the current industry has advantages and disadvantages, but it is the same as the past.

Spotify inherited the decline of the music industry as early as 2008, as the Internet eroded the music's profit with a free downloading culture. However, even at the peak of the music industry in 1999, consumers spent an average of $ 28 per year (41.46 in inflation). Today, even a subscription fee of $ 120 per year, many people want to pay for music again. Thus, as more consumers adopt new music models, Spotify triples the potential revenue of the music industry.

Platforms like MP3 and Napster have brought the biggest challenge to the traditional music industry by democratizing the release of digital music. Soon the music became free and downloads and file sharing (two scattered early signs) became available immediately by anyone using a computer and a dial-up modem. Steve Jobs' s clever idea of ​​a stylish and simple MP3 player has played an important symbiotic role in the development of MP3 and file sharing. As this equipment became very popular, a major record company finally succumbed to the digital distribution model. The unit price is only 99 cents. This means that income has declined sharply, and traditional record companies are still recovering.

At that time, the music industry was what I called rarity. But now, the same music industry is always appreciating Steve Jobs and his iTunes technology. This opens a market that sings personal songs for any artist. Downloading millions of songs around the world prove Jobs is right. For example, when Jobs first released the iPod, the critics said that it was too big; for example, the jogger did not want to attach heavy equipment to their arms. Steve Jobs listened to criticism and immediately released iPod nano. Later, when more critics commented on Nano, it was still too long, and Jobs introduced Shuffle. Next is the iPad. Critic: "Why do you need a tablet? We already have laptops, mobile phones and desktop computers." The work continued anyway. Then he listened to the critics who said tablets would never fly. My wallet is too big. iPad Mini is also out - perfect size of wallet