The Music Industry

Steve Jones stated in the article "Music and the Internet" that academic articles related to popular music and popular music are being created and distributed by people who do not fully understand the concept of "music industry". In the end he said that more and more consumers are using the Internet to obtain music, compared with the introduction of popular music. The Internet has revolutionized the distribution system and created many ethical problems that could not be found in the music industry to the Internet.

Spotify inherited the decline of the music industry as early as 2008, as the Internet declined the interests of music 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.

To understand the dynamics of the music industry, you first need to recognize that the music industry is closely related to different industries, but not simultaneously, but based on different logic and structure at the same time. The whole music industry is based on the creation and use of music intellectual property. Composers and songwriters can create songs, lyrics, live performances on the stage, distribute them to consumers, record them, and other uses such as score as other media (advertisement, television etc.) and BGM We will acquire the license. Other companies such as instrument manufacturers, software, stage equipment, music goods etc. are sometimes considered members of the music industry family. However, although these are important industrial sectors, they are not traditionally regarded as indispensable parts. Core industry