Certain parts of the music industry are being badly affected. For example the major record stores are suffering from the fact it’s easier and cheaper for people to get their music by downloading from the internet.
Illegal downloading also is a threat to the business. This is because people get their music for free and therefore the artists and recording companies don’t get their royalties.
However it’s not all bad news for the artists as downloading provides a very good way of selling their back catalogues, as well as their new music.
The really positive thing about downloading is that it enables new artists to reach a new audience at low cost very easily.
Whilst this reduces the control of the established music business (radio stations, record companies, etc) it creates extra demand from listeners which in the long run is good for the industry.
The business has to keep up with the times!
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This is a really good post that takes a balanced approach to assessing the situation. However, while I agree with your views on the democratising potential of the digital download, that is exactly what it is at this stage. The financial, marketing muscle of the major entertainment corporations still has a major role to play in the success or failure of the vast majority of releases.
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