The Digital Music - 1575 Words

From the early days of the internet, Napster first introduced the globe to digital music with easy accessibility, and has been morphing and developing with time. With hefty copyright lawsuits underway, a number of successors have reattempted to design music-sharing platforms that acquiesce to consumer demands, while also limiting the damage to artists and the music industry as a whole. With a number of well-recognizable investors and supporters, Spotify emerged in 2008 and had arguably grown into the most formidable entity in the realms of digital music. Company Profile: Name: Spotify -A combination of spot and identify. Established: 2006 by Daniel Ek and Martin Lorentzon Locations: Established in Europe, with parent commerce in Luxemburg, UK and RD in Stockholm Objective: To help people to listen to whatever music they want, whenever they want, wherever they want. Number of employees: 250 The service: An online, accessible music service offering music streaming on demand. Spotify is promoted both as a premium monthly subscription service, and a version which is free for consumers to use, but sustained by streamed advertising. Consumers will also have the option to purchase a day pass that gives access to Spotify without advertising. Beginning its development in 2006 in Sweden, Spotify was founded by its owners Daniel Ek, and Martin Lorentzon, former co-founders of Stardoll and TradeDoubler, with the intent to curtail illegal file-sharing which was destroying theShow MoreRelatedDigital Music And Its Impact On The Music Industry1807 Words   |  8 PagesDo you listen to music from CD’s, or do you prefer listening from your phones, computers, etc? The internet is now widely available via computers and phones, as well as other devices. Furthermore, it is becoming easier and simpler to listen to music through these products rather than from a separate disc. Digital music began when iTunes was first published in 2007. Moreover, iTunes revolutionized the music industry because it allowed people to purchase single songs rather than a whole album, andRead MoreThe Impact Of Digital Music On The Music Industry896 Words   |  4 Pagesfile sharing and digital downloads. Threatening the survival of the music indust ry and introducing a unique set of challenges for the industry to overcome. To remain relevant in the new global market of digital music online, the music industry would have to evolve and change with the introduction of each new facet technology had to offer. The introduction of digitally compressed music files, so easily attainable for a small fee or downloaded legally (pirated) for free, made the music industry reevaluateRead MoreDigital Music Industry3387 Words   |  14 Pagesa down step in terms of culture. It is normally a reflection of the current music market, which is to satisfy the consumers’ demands fundamentally.’ In fact, music online is currently receiving both profit and widespread acclaim, drawing lines with recording industry and traditional music profit modal (Zhang, 2006). This report aims to give knowledge about several evolutions that have been created in the digital music industry in China, and additionally, to consider some feasible steps to enhanceRead MoreDigital Music Distribution5016 Words   |  21 Pages[pic] MASTER OF MANAGEMENT UNIVERSITY OF GADJAH MADA 2009 Marketing Strategy For Digital Music Distribution within the scope of Indonesian music industry | | | | |Course |: |Marketing Management | |Lecturer |: |Prof. Dr. Basu SwasthaRead MoreThe Music Of The Digital Age1856 Words   |  8 Pagestoday’s digital age, the record industry is booming and in 2014 alone recorded music generated almost 15 billion dollars, (Global Recorded Music Sales Totalled US $15 billion in 2014.) and now, more than ever is the best time to capitalize on it. Due to the increased value of music and money that is being brought in from such artists as Taylor Swift, Justin Bieber, and Kanye West music is becoming a money making game.There are many start up indie labels that are capitalizing on local music scenesRead MoreDigital Music And Its Effects On The Music Industry2225 Words   |  9 Pagesstream music for its listeners, but it was also free. As long as the artists were featured on this program, users could listen to any of their songs at any time. At first, this was only restricted to desktop computer usage, but since then Spotify has launched its app available for mobile de vices, further stretching this power of free and instant media at any time. Although this may sound great to users like you and me, the people who ultimately suffer are the artists that put there music out thereRead MoreThe Rise of Digital Music Essay945 Words   |  4 PagesThe rise of digital music In 1997, the world music industry belonged to the Big-Four (including four record labels: Sony-BMG, Warner, EMI and Universal) achieved 45 billion dollar in revenue, a figure unprecedented in history. However, since the two software sharing P2P (peer-to-peer network) Kazaa and Napster launched in 1999 and 2004, the label has started witnessing their heyday down slope. Since 2000, global music sales have dropped to levels 25-30 billion per year. With this rate of declineRead MoreThe Digital Music Distribution Revolution1287 Words   |  5 Pages The Digital Music Distribution Revolution: The digital music distribution revolution is a trend that is associated with rapid technological advancements and the introduction of computer technology. These developments have contributed to the relatively free distribution of music through various social systems like Napster that threaten to destroy the industry or interfere with the current model for generating revenue in this industry. The peer-to-peer systems have enabled the seemingly free distributionRead MoreEssay Digital Music Piracy1202 Words   |  5 PagesDigital music piracy has been a worry of the music industry since the creation of Napster in 1998. Piracy is the act of stealing something that does not belong to you which has been outlined in our society as something that is bad or against the law. There are many articles out there that highlight music piracy but four main important ones include: â€Å"The Music Industry on (the) Line? Surviving Music Piracy in a Digital Era† by Jelle Janssens, â€Å"Neutral izing Music Piracy: An Empirical Examination† byRead MoreThe Impact Of Digital On The Music Industry902 Words   |  4 Pages The music industry has gone through some rough transitions with the exponential increase of newer technologies. Traditionally a music artist would become successful in signing a record deal and selling their album in stores. Music labels would play crucial roles in the success of artists facilitating the process of the many aspects involved with making a successful artist. However, today CDs seem to be virtually non-existent with the introduction of more convenient platforms such as, MP3s and the