The Greed of Music Industry Executives and Declining Record Sales

Desires of executives in the music industry and record sales are problematic. Sales of New Music and Pop Music have steadily declined in recent years and there are no signs of change. The record company will soon condemn the popularity of the Internet; music is traded online, usually in an anonymous digital format, using file sharing programs such as Morpheus, KaZaA, Imesh, and so on, to name just a few It will be. Although the RIAA (American Recording Industry Association) succeeded in dissolving the pioneering Internet file sharing program Napster, it faces a conflict with a similar program that circumvents the copyright law in the United States.

With the growing popularity of Spotify and Apple Music, the music industry was able to return to health after sales declined over the years. The American Recording Industry Association announced Thursday that US music sales in 2016 increased 11% to $ 7.7 billion. This is the largest increase since 1998, when the number of CDs sold in the industry increased nearly tenfold. This is the first time that streaming such as Spotify, Pandora, YouTube accounted for 51%, which contributed to a lot of revenue. Industry sales are only half of 1999. However, now that we condemn the Internet and have fought with the technology group among the courts and the general public, the music industry is currently accepting the Web. The industry says that it leads "digital change."

Recording artists behind music play a much smaller role in the music market as the music industry is dominated by record companies and the physical media circulated by music. Executives in the record industry are ultimate decision makers, it is the main means of economic success to decide the artist's signature, music to be distributed, how to market and how to market it, and to record sales, The main way to measure the survival of. Digitization changed the balance of forces within the industry, giving consumers and musicians more decision-making power. Streaming music services can reduce the royalty that artists receive when listening to music, but as the music industry gets digitized, record artists have more opportunities to participate in opportunities to generate more revenue in the industry .