The State of The Music Industry

A detailed Summary of The State of The Music Industry


The state of the music industry is a curious and everchanging phenomenon. Lately, the multi-billion dollar industry has been in definite decline. Not to say however, that this decline doesn't have any relation to that of the state of the economy. In fact, looking statistically at the economy could help determine why in fact the music industry is in the state that it exists today. Also due to the internet, the popularity of the CD-R, and the various style's of retailing currently available, it will be more clearly revealed why the Music Industry might be suffering.

The CD-R has become the poor man's answer to good music neglecting to understand that what they are doing in fact is piracy. They are stealing not only from the industry and the artist but from the economy. Music is a huge part of the economy and it has been thrown off center by the grand entrance of the CD burner. The burner has nearly become a staple part of a computer system and if not, don't fret, there are a bunch of external units to choose from. The RIAA states that one in two people had dowloaded music in the last month. The RIAA also states that three in 10 consumers report owning a CD burner; people who download music

from the Internet are amongst consumers


most likely to own CD burners (48%). Plus the most common use for CD burners amongst most consumers is making CDs for friends and family (54%) and making CD compilations (51%). That is truly a blast to recorded music sales and the retailers who distribute them. Still, number of CDs being shipped in seems to be high but unfortunately the demand is not coinciding with actual amounts of music sold. If the downloaded music was in fact being paid for, there would be ahuge difference in sales and that is the truth. DVDs seem to be the only things doing well at the moment because of the peril to duplicate them. Alas, the technology to do this is rapidly being updated and soon enough burning DVDS will be as common. Nonetheless, cassettes suffered brutally at a decline of 41.9% proving that they are becoming obsolete as they are already obviously inferior to the CD. The CD single is also down 44.4% showing that they too are becoming obsolete probably due to the success of downloading popular singles and most people just spending the little extra money it would take to own the entire album.

Overall there is a serious decline in the industry to the advances in technology. It would seem that the word "advance" would be a positive thing for th

Some common words found in the essay are:
Music Industry, CD CD, Burners CD-R's, Megastore Virgin, , Megastore Buy, Pearl Jam, cd burners, recorded music, music industry, amongst consumers, virgin megastore, becoming obsolete, Virgin Megastore, cd burner,

Approximate Word count = 837
Approximate Pages = 3 (250 words per page double spaced)

Category: Music

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