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Thursday, February 11, 2010

Current Event: Future of the Music Industry

The music industry's future seems to become worse and worse every year. The advancement of technology is resulting in the decline of the music industry. With internet becoming easier and easier to access, illegal downloading is becoming easier. Before the internet listeners would buy cds, but now they download songs illegally and cd sales go down. For some music genres like hip hop, only rich white suburban kids buy their favorite artists new cd, while most of its listeners, black teens, download the songs online for free. After cd sales reaching a new low and many record stores going out of business, the music industry started to fight back against illegal downloading. One of the things they did was filing lawsuits and cracking down on people who illegally download and on piracy. Some artists like Radiohead put their new album online and let people pay for it online, and this worked pretty well for them. But most artists want to make money off their music and are against illegal downloading. Popular sites like napster and limewire offer people to download music at a low fee, because one of the main reasons for illegal downloading os that cds are overpriced. This article seemed really interesting to me because it said that the main buyers are rich white suburban kids but many of them still download music illegaly. Also that the last sale of a million copies in a week for the past decade was Lil Wayne's "Tha Carter III" which was a hip hop album.

Greenblatt, A. (2003, November 21). Future of the music industry. CQ Researcher, 13, 989-1012. Retrieved February 11, 2010, from CQ Researcher Online, http://library.cqpress.com/cqresearcher/cqresrre2003112100.

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