Can the Music Industry Change Its Tune - 3244 Words

Case Study 1B  ¡V The questions The online downloading of music from the Internet has ripped apart the old business model of record companies controlling the production of albums which are purchased through record shops. The last few turbulent years have seen many high profile law suits; some of which went in favour of the music industry and some of which went against. 1. Apply the value chain and competitive forces models to the music recording industry. 2. What role did the Internet play in changing value propositions and the competitive environment? To what extent has it been responsible for declining CD sales? Explain your answer. 3. Analyse the response of the music recording industry to these changes. What management,†¦show more content†¦Constantly, new substitute products are introduced to the market (eg. iPod and MP3 players, MP3 files replacing CD ¡Ã‚ ¦s and tapes). The Role of the Internet The internet is fast becoming the way in which consumers do business, where consumers once went to a retail store to select their product or any service they needed, now they only need to log onto the internet and make a purchase. The internet has cut the time between production and sale by allowing distribution direct from warehouse to consumer. In turn the internet has reduced cost of marketing, information storage and to make their products or services more widely available and at reduced cost to consumers. This is having an effect on old business models and thus creating a new business model. For the music industry this has meant that consumers are not physically going into their stores but using the internet to obtain their information. They can order music over the net, see what is topping the charts and even find information about their favourite singer. This has also led to consumers legally and illegally downloading music for their iPOD or MP3 players or burning CD ¡Ã‚ ¦s with their favourite songs.. This has also meant that some authors/artists are not receiving the royalties from their music. Research by BigChampagne LLC state more than 1 billion songs per week are downloaded from file-sharing programs (Laudon and Laudon 2006, p. 143). TheseShow MoreRelatedBefore the Music Dies794 Words   |  4 Pagesâ€Å"Before the Music Dies† A simple topic that everyone seems to wonder over is Music. What is Music? Some say that Music is a concept that consists of notes, tempo, flats and sharps. Others say that Music is a melody that we either can play using an instrument or sing using our voice. Even though those concepts are true, but what about reason behind the melody or music notes. What are the emotions that one feels when one is listening to the type of Music he/she enjoys? What are the emotions behindRead MoreTechnologys Effect on Music Essay908 Words   |  4 PagesAuto-Tune has been the death of real music, just as Charles Manson killed Sharon Tate. While the program didn’t hold a gun to music’s head, it was the mastermind behind the decline of raw emotion. In the 70’s and 80’s music was more than just perfect figures and dance moves, music was real. When someone got up to sing in front of an audience they really sang, there was no other option. In the 2000s though, whenever thereà ¢â‚¬â„¢s a performance it’s commonplace to sing to a track. Because of Auto-Tune mostRead MoreThe Effects of Autotune on the Music Industry1405 Words   |  6 Pagesattained, the Dr. had decided to move on to his next task at hand. In 1997, Auto-Tune was released. Auto-Tune was a program designed to fix and correct pitch problems in not only singers, but other musicians who played instruments as well. The release of the program gained instant notoriety, as Auto-Tune became an instant phenomenon and grew to become the largest-selling plug-in of all time (www.antarestech.com). Auto-Tune is based on â€Å"phase vocoding technology†, which is an analysis-synthesis algorithmRead MoreImpact of New Media in Music Industry1394 Words   |  6 PagesNew Media in Music Industry Introduction In the recent years, there have been changes in the structure of the Music industry and the paths that have been used for creating, promoting and distributing music. Most of these changes resulted from the advancements in technology, which affected both economic and technological structures of the industry. The digitization of music and its migration on to the Internet has been one of the biggest challenges to the traditional music industry. Ever since theRead MoreThe Concert Hall, Raleigh, Concert, By Paul Randall And Composed By Bill Evans1721 Words   |  7 PagesEspecially the Saxophone and a piano subsequently switched the tune of the tune as if they were dancing like two lovers. As the saxophone took the airs as well as the piano and other instruments within the ensemble were in accompaniment for the love of the tune the texture altered within the tune. The tempo, which was always steady appeared to get quicker like a pulse by the climax of the tune. It was also at this point the dynamics of the tune were increasingly becoming louder until all instruments metRead MoreThe Mystery of Jazz and its Powerful Impact on the Community807 Words   |  3 Pagesand its powerful impact on the music community can be explained largely by the context of it’s creation. Jazz was born in the United States, and because of this, many have referred to Jazz as â€Å"America’s music.† Like America, Jazz has a balance between structure and spontaneity. It capitalizes on the fluidity of the musicians, having several different instruments with independent spirits, coming together as one to form a great piece of music. Unlike other styles of music, Jazz has a certain way aboutRead MoreThe Evolution of Music Culture1332 Words   |  6 PagesMusic has been evolving since its creation. This evolution of music has led to a vast variety of music that all people can enjoy. Artists who make good music, are praised and revered for their talents, and recently this ha s led to many aspiring musicians who want to acquire fame and fortune through their music. In the United States music in constantly evolving, and in recent years this evolution of music has sped up to a very fast rate. Music has evolved for many reasons including, improved technologyRead MoreAn Innovative And Vibrant Music Format1566 Words   |  7 Pagesvibrant music format application that will give clients and users a new way and approach to listening to their most loved music and tunes. We plan to set up our studios around Oregon State University, which has a large number of students and young population that is attracted to music and is identified to redefine the way music is heard by its fans. It should be realized that with the utilization of our application, customers will have the capacity to synchronize, and also select different tunes andRead MoreThe Envisaged Brainybits Is An Innovative And Vibrant Music1564 Words   |  7 Pagesvibrant music format application that wi ll give clients and users a new way and approach to listening to their most loved music and tunes. We plan to set up our studios around Oregon State University, which has a large number of students and young population that is attracted to music and is identified to redefine the way music is heard by its fans. It should be realized that with the utilization of our application, customers will have the capacity to synchronize, and also select different tunes andRead MoreCeltic Music : An Important Influence Influential Part Of People s Lives1597 Words   |  7 PagesFor centuries, music has been an important and influential part of people’s lives. Music can evoke so many emotions, ranging all the way from fear to surprise (Mohana). As a style, Celtic music seems to be the most well-known music â€Å"genre† worldwide. Between the instruments used, the different styles, and the most famous musicians Celtic, music is an iconic art-form that is used and heard aroun d the world, but in many different styles and instrumentations. Celtic music has been around for