The internet has made it incredibly easy to access illegal music websites. The search enging 'Google' has also made this easier; by typing in free music downloading into Google generated 468,000,000 results in 0.17 seconds.
Records --> Cassette Tapes --> Cd's --> MP3 downloads --> ????
The range of technology in today's modern society is changing all the time, what will be next???ITUNES
iTunes launched on April 28th 2003. Itunes are always in competition with illegal music sites which means consumers can access their music for free without paying iTunes prices. To counteract some of these effects iTunes have extended their previews or songs and also increased advertising. They also cross promote their products for example the apple iPhone comes with iTunes pre loaded onto it.
THE MUSIC INDUSTRY
http://news.bbc.co.uk/1/hi/entertainment/8645878.stm
The Music Industry sells Compositions, Recordings and performances of music. "In the 21st century, consumers spent less money on recorded music than they had in 1990s, in all formats. Total revenues for CDs, vinyl, cassettes and digital downloads in the world dropped 25% from $38.6 billion in 1999 to $27.5 billion in 2008 according to IFPI. Same revenues in the U.S. dropped from a high of $14.6 billion in 1999 to $10.4 billion in 2008. The Economist and The New York Times report that the downward trend is expected to continue for the foreseeable future —Forrester Research predicts that by 2013, revenues in USA may reach as low as $9.2 billion. This dramatic decline in revenue has caused large-scale layoffs inside the industry, driven retailers (such as Tower Records) out of business and forced record companies, record producers, studios, recording engineers and musicians to seek new business models."
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