Before iPhones, tablets and laptops people had to buy hard copies as in CDs, records and even vinyl’s. According to Cornell University the average cost for a hard copy cd is $13.99 if bought a week after release date on average if bought on the release date it is $9.99. Before the internet the arrangement for the music industry was that there were only 6 main labels for 60 years were the heads for all the distribution and promoting of recorded music. There were five main roles that needed to be filled to make a profit as a live music process. The roles are performer, personal manager, a talent agent, promoter and a venue operator. The internet has completely changed the perspective of the music industry. Businessweek.com says that the impact the internet makes on the music industry is that sales has dropped for the music’s industry from 14 billion dollars to 10 billion dollars. The information superhighway changed the whole perspective of the landscape by completely breaking down the distribution system already put in place. Intellectual property is the most questioned part of the recent changes in the digital age involving the music industry. Intellectual property is
Intellectual property (IP) refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce. IP is protected in law by, for example, patents, copyright and trademarks, which enable people to earn recognition or financial benefit from what they invent or create. (WIPO)
Which is saying in layman’s terms that intellectual property is that a person can have rights to the creations of their ideas like inventions, artistry and writing works etc. for the music industry copy writing is more focused on. Intellectual property is important to music because without the parameters set for intellectual property like copyrighting which helps up and coming artists retain all the money they can.
Before all the smart devices, instant everything and even the internet people had to go out and buy CDs with music on them. Before CDs it all started with Vinyl’s, then cassettes then CDs and now it all the mini discs which are digital. In those time periods it was adapt or die.
Musicians first make the music then must collaborate and coordinate everything to make sure it all sounds right. After that they must market music which needs to be broken down for branding so DJs, promoters, dance clubs, TVs and radios know how to play it correctly and promote it. From there they must sell them as CDs and audio tapes. If the music isn’t stored on a way to play it will die. The main method of distributing music is through the containers called tapes and CDs. The Labels play a huge role in the entire process of the industry’s structure. The main labels are Sony Music, Bertelsmann Music Group, EMI Recorded Music, Warner Music Group, and Universal Music Group. The structure of the music industry set up as it is now the labels are centered...