State of Music IndustryAdded: Sunday, March 17th, 2013
Category: Bit Torrent Freedom > The Industries Of Records, Gaming, Software, Movies
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, 2010, www.extrattorrent.com, www.extratorrent.com
One could say that the music industry was the first to feel the impact of a digital era – indeed, as time flies by, their pockets grow thinner and thinner. After more than 10 years of losing money due to digital piracy, the music industry can finally announce an increase of 0,3% in their revenues. Is that an unexpected recovery?
It seems that 2012 saw the world recording industry moving onto the road to recovery. The observers agree that it has been a struggle for the industry to go head to head with a digital era, as the latter appeared stronger, more reliable, and more accessible than anything the world had seen before. Nevertheless, since 2012, digital sales (as well as new sources of income) brought more money into the industry’s pockets.
Edgar Berger, CEO of Sony Music, said that at the start of the digital revolution everyone was saying that digital was killing music. However, things have changed, and now one can say that “digital is saving music”. This can be proved by an example of digital services which support the industry – like iTunes, Spotify, Rhapsody, and so on. According to the statistics, an increase in the number of subscribers to such services is 44% compared to last year. Moreover, the success of subscribe-based services has made Apple and Google muse, and perhaps the giants will come up with the same kind of services in the near future.
In addition, royalties from musical performances and marketing models have also increased. However, revenues didn’t rise in such countries as China and Russia, where music piracy is still prospering. Even the United Kingdom could follow suit, as one of its prominent retail music chain, HMV, went out of business.
In the US, music sales had decreased last year, but, according to the UK “Enders Analysis” research group, the situation will change in 2013, and revenues will increase from $5.32 billion to $5.35 billion.
According to Alice Enders, senior analyst at the research company, the music industry will surely be rising from its ashes in the near future. In the meantime, Paul Brindley, CEO of Music Ally, points out that if there’s a lesson to take away, it might be that the earlier the industry members embrace new business models, the better. This may be signalling a turnaround which would lead to inexorable growth, but it does at least signal a bottoming out, with room for growth, Brindley says.
Actually, he may be right if such services as Spotify reach the Eastern bloc. There are still a lot of important things that the industry should seriously consider: for example, accessibility and online and offline purchasing (at a fair price). The conclusion is clear: the industry has to embrace a digital era which is obviously not trying to take the bread off creators’ mouth.
March 17th,2013Posted by:
Sunday, March 17th, 2013
|From The looks of the music industries "Music Videos" Dont look like nobodys suffering 2 me, Bentlys,lambos,private Jets, Multimillion dollar Mansions,throwing money around like its burning there hands, They'll survive,Thrive and adapt 2 tha DIGITAL AGE... Thanks for sharing SaM..|
|sorry but thats very naive poster #1. those are rented items. props. they don't actually own them. it's also a very cynical as well. tons of downloaders feel entitled. they dont give a crap bout supportin the people that created what they just downloaded. it has had a major impact on music. its just not the same as it was say 20 years ago. millions of people not payn 4 what they took takes a toll on any business. movies as well. its not the hollywood system hurt, but the indies. it's also just not the same as it was 20 years ago. 20 years ago every one paid for what they saw or listened to. and a copy on vhs or on tape just wasnt the same as the original. so u had to buy it. we have to support what we take. not everytime, but a lot of the times. buy the blu-ray. buy the mp3s. contribute every once n a while at the very least.|
|posted by (2013-03-19 16:09:29)|
|well spoken ^|
|Both of you make good points. But you have to look at the big picture. In the U.S., it's been widely known for a long time that artists make pennies off the sales. That's why artists create their own labels. Concerts are where they make there money. And concerts sell out no problem with huge ticket prices. So I think the public is aware and choosing to support the artist, not the greedy music industry. Best thing the industry ever did for themselves was to offer individual songs for $1. $15 for an album is a lot, especially knowing the artist barely gets any. People used to buy CDs and pass it around and burns tons of copies. All the internet does is highlight the sharing. Also the Music Industry has a monopoly on Music, that is never good for the consumer...never my friends.|
|I semi-agree with the poster n.4. I believe music should be free to everyone because it lifts your spirit and makes you feel better. Unfortunately there are these mediator or promoters: Labels, Distributors, Publicists, on so on ...their role is just to make a profit off the Artist's natural talents. Its a disgrace of nature. It would be almost a bit acceptable if they would pay the Artists ...but they don't. I was in US and I enrolled with B.M.I. ...I am a very minuscules artist and therefore I only earned $480 in my stay for my Audio Productions rights ...however BMI cannot make any payment below $500. Since they have all the figures they can invent anything they want in order not to pay ...from the little artists to the top artists. We should only pay for Concerts at least there they don't have much control of the income even if they would still find the way to steal some from the artist anyway. The Artists are naturally gifted people and should only support them ...That's why I do not Care what the Sony C.E.O. as to say because they are only Authorized Robbers & Thieves with the guts to complain to us slaves.||
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