Music Industry Research

Music Industry Research 

The main aim of the music industry is to make money from a music product.  The music industry are  constantly developing to fit with today's society. The music record company must hire a artist to create the music, The record label will then distribute the music through a number of different ways. But it has become for difficult to distribute the music due to a number of factors.
One of the main factors which is stopping the process of distributing the music is that music streaming has become an increasing problem for record labels. Streaming is rapidly becoming the dominant form of music consumption and is the worst paying for the artist.
Streaming services like Spotify offer very little transparency on the artist payouts. This happens because Spotify pays
the labels of the artist to use the songs and often the labels don't pay their artist the fair amount.

Problems like these have a knock-on effect with live music events. Because the artist are getting lower income of their music they have to increase the price of the tickets of the live events.

Steaming music compared with CD purchases. The one major difference between CD's and is that CD's are only for a certain length of time. This is one of the disadvantage to a CD based distribution. Streaming music has a heavy effect on the artist income but it does last longer than the CD's. Now with a increase of the pirating music it has become more difficult for artist and label company's to survive in this industry.