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Discussion: Where does the music industry make its money?
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mish.a |
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phillywilly |
1. RE: Where does the music industry make its money?
Mar 13 2009, 6:47 AM EDT
Dedicated fans and cities pay the company at the place where the bands play. Also they do sell a lot of albums because people want to keep the music for the future.
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Deniztr |
2. RE: Where does the music industry make its money?
Mar 16 2009, 6:39 AM EDT
I think that in a couple of years, it will be much harder to make money for musicians as one problem continues to go: Ilegal downloading. The artists never got their fully deserved pay since programs such as limewire or sites such as piratebay.com have emerged. The people that use these programs can be considered "freeriders", because they benefit from this service by others that have bought and shared the music. I am afraid that less artists will emerge in the future if this problem persists.
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GavinSteinhubl |
3. RE: Where does the music industry make its money?
Mar 16 2009, 6:45 AM EDT
I agree with Deniz, as time goes on and technology progresses, more and more people will start to download illegal music. Althugh there are still dedicated fans, the fans would still rather get music for free than pay for it. If you think back in the 1990's, and 2000's, before music downloading, this was not a problem
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rohanbhanot |
4. RE: Where does the music industry make its money?
Mar 16 2009, 6:48 AM EDT
I don't think that major music companies signing famous artists would lose a lot of money from this. They already earn a lot through alternative sources such as merchandise, concerts et al. The actual institutions that would be affected would be the underground music scene, which, before the advent of the internet, was totally dependent on the money of a few consumers. Now that the same music can be obtained easily, they will probably lse a major part of this revenue. This may lead to the underground scene becoming more "underground" or "cult". Do you find this valuable? |
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Deniztr |
5. RE: Where does the music industry make its money?
Mar 16 2009, 7:00 AM EDT
The indie (underground) scene will suffer the most in my opinion, maybe even to a degree where the UG will totally vanish because there arent enough people to finance their music. Rohan you are right about your first statement, but nontheless, the musicians still loose a large sum of money. The best solution for this problems would be lowering the costs of albums!!! A human being should not earn their millions of dollars just because of their natural talent. You know what a fair price is in todays world for artists such as kanye west and katy perry? Not more than 5 franks... they could at least lower the price drastically after it has reached a breakthrough already! Theres just too many gready people out there, and its their fault why we have such problems, just like in politics....
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jmeurman |
6. RE: Where does the music industry make its money?
Mar 16 2009, 11:24 AM EDT
| Post edited: Mar 16 2009, 11:25 AM EDT
Illegal downloading does cut the profits of artists and there is no effective way to prevent it. For example all of us who have commented here probably have illegally downloaded music and possibly will have to pay thousands of francs if caught. Yet we still download music which brings no revenue for the artists. People don't think of think that it is unethical to download music because they are not directly hurting anyone but they in reality ''stealing'' from the artist. It is hard to tell how much more profits the artists would get if there was no illegal downloading, because we cannot predict how many people would actually buy the albums. However there are many bands emerging and the amount of bands or quality of music has not decreased (disputable) and therefore we can conclude that the artists still gain considerable profits whether its through concerts, radio, or album sales... Concerts bring huge amounts of money for many artists for example Michael Jackson is performing several times in London this summer and it is said that his concerts are worth 214 million $.
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alexsvensson |
7. RE: Where does the music industry make its money?
Apr 29 2009, 3:51 AM EDT
As most people have mentioned, the large music corporations make their money from concerts, merchandise, rights and advertising. The music industry is not doomed as many might think - the large music producing companies still attract large investors, a sign that many see a future with potential returns from the industry. That being said, the music industry is undergoing tough times, but in fact this has always been the case. The large companies only attract a few artists to market, and they do this so that they can earn a large profit, not revenue. Surely, if the record companies anted to they could hire thousands of equally talented artists, but then, although revenue would go up, profit would not. The future of the music industry may be bleak - but it is still there. There will probably always be a demand for music, and artists rely on the record companies to get them into the mainstream scene of music - the place where the most money is made. Do you find this valuable? |
JonathanRanstrand |
8. RE: Where does the music industry make its money?
May 14 2009, 1:21 PM EDT
Despite the advent of music piracy and illegal music downloading, there surely must be lots of money to make in the music industry? As Juhani said, concerts bring in huge amounts of money for many artists. Concert tickets really are not that cheap, and once you consider that artists often do tours with very many concerts, each with thousands of tickets sold, it becomes clear that artists' tours are a very profitable proposition. Not only is there a great amount of revenue to be earned through the selling of tickets, but then there is also all the possible spinoffs - merchandise, etc. I think Deniz makes a really good point - likely the Indie music scene is the least profitable because many of those acts cannot embark on massive, multi-million dollar tours around the world. On a side note, internet piracy is actually decreasing in Sweden. After the founders of the Pirate Bay were found guilty people are more afraid of piracy and as a result there is less illegal downloading. Also, as music becomes cheaper to buy legally (CDs are significantly cheaper than five years ago), surely people will want to pay a reasonable amount for music they enjoy? Do you find this valuable? |
