'Globalization in the Music industry Essay\r'

'The medication industriousness has been around for over two centuries (PBS). Its unpredict exponent deal be measured by its ability to displacement and change according to its condemnation period, the technologies that cram through the ages and the public’s shift in medicational seek. The melody industry is comp cost increased of many variant components, organizations and individuals that operate within it. Some of these components include the artificers who pull up the unison themselves, the producers that engineer the sounds created by the operatives, the companies that handle dispersal and promotion of the save unison, the broadcasters of the euphony such as radio stations, and professionals who assist the artists to further and better their livelihoods, such as lawyers and managers. All of these components work in ropiness to compose what is the larger industry of music. In secern to fully understand how the music industry has survived and changed in the face of obstacles, one must look at its short history.\r\nThe music industry only real started to emerge in the 19th century when sheet music began to be printed and distributed. People did non attend to recorded music until 1877 when Thomas Edison invented the original phonograph, so instead they would taint sheet music and period of play the music for themselves. Over the next century technologies were invented that slick the recording and listening of music such as creation of records, jukeboxes and the ho drophold radio. Mass production techniques were invented at the turn of the century that allowed music listening to gravel a regular past time, which propelled the kale of the music industry. Household music listening soon became espouse ecumenic and thus shaped the industry that we see today. Globalization has both benefited and plagued the advance(a) music industry. It has allowed for the ballwide spread of music globally through technical breakthroughs suc h as radio and more than young technologies such as digital dispersal. Contrary to this, these modern technologies deal also led to some of the sterling(prenominal) downfalls of the music industry, almost crippling it permanently.\r\n inscribeing labels soak up been forced to completely remodel they’re single business models in order to adapt to the advent of the digital music era. The sector has benefited from globalization in more than one way. For instance, these days, it is so diff apply to fetch share and listen to music, anyone with a computer substructure have admission to listen and buy music. besides because of the rise of the Internet, artists aren’t confined to national boundaries. euphony these days transcends borders (Bloomberg). In the case of Justin Bieber, a Canadian whose music is recognized and accepted widely by the youth of the world, has fans spreading continents all because listening to his music just requires looking up a var. name on Youtube. The rise of digital engineering and the Internet allows for the industry to bring together the world by finding communalities in musical taste with mass positive reception for an artist and the music he or she creates. No matter if a person is from Egypt or Thailand, that person tail assembly access and enjoy the music of any artist he or she desires. Although the music industry has benefitted from globalization, most of its pitfalls have arisen from the same source that is globalization. The rise of digital engine room and the Internet has brinkrupt many of the music industries biggest names. A prime example of this is court ordered extermination of Richard Branson’s 26 utter(a) Megastores closings in France overdue to the rise of online music retailing such as Apple’s Itunes music store, which led to Virgin France’s bankruptcy in 2013 (BBC). Another deathly blow to the music industries crippled foundation was the rise of online piracy. As e asy as it is to go online and buy or stream music, it is just as easy to steal it. There are thousands of websites dedicated to music piracy. Although music piracy has been on the decline in the past couple years, still about 11 percent of people using the Internet know to downloading music illegally (Bloomberg).\r\nOver the past decade, the use of CDs has been replaced with online streaming and retailing. This has eliminated much of the record companies revenues as they were used to making most of their profit off of scattering and promotion of physical copies of artists albums (Niemen). This has caused for a major shift and remodeling of major players in the music industries business models. Companies such Sony, Warner melody host and Universal euphony Group have started to completely rethink the way they channel business (Forbes). In the past record labels were not only responsible for production, distribution and promotion of an artist and his/her music, but they also acte d as a bank (Forbes), funding the artists tours and recording sessions. Recently, these music giants have been despicable towards becoming more of a modular lucre organization. What this means is that they are less occupied with the nitty gritty, and more focused on what they do best which is distribution and promotion. This also allows for more freedom of creativity for the artist as well as fairer split of profits (Forbes). This adaption of new business models clearly shows the versatility of the music industry in adapting to new times and technologies. One can only speculate the future of the music industry. As aforementioned, the music industry is in constant flux, ever-changing shape and adapting to new trends and innovations. If the music industry can survive the blows dealt by the rise of the digital era, than in my opinion, it can withstand whatever test time delivers.\r\nHopefully, as the future of music and globalization proceeds, we entrust see a convergence between th e music industry, artists and consumers that will benefit all parties. Globalization has the forcefulness to ruin industries or propel them to heights unseen. In the case of the music industry, although it has been affected negatively in the past, recent data shows that for the first time in years, the music industry has seen growth due to globalization and the widespread popularity of the artist Adele (Bloomberg). This proves that something positive can be found in every negative experience, curiously in regards to globalization and the music industry.\r\nSources:\r\nLin, Cheng-Yi (2014). The Evolution of capital of Taiwan’s Music labor: Cluster and electronic network Dynamics in the Innovation Practices of the Music attention. Vol. 51 Issue 2, p335-354.\r\nPercival, J. Mark (2011). Music Radio and the Record Industry: Songs, Sounds, and Power. Popular Music & Society. Vol. 34 Issue 4, p455-473. 19p.\r\nGÃÅ"NDÃÅ"Z, UÄŸur (2012). digital Music Format Mp3 as a so re Communications engineering science and the Future of the Music Industry. scientific Journal of Humanistic Studies. Vol. 4 Issue 7, p202-207.\r\nIan Ginsberg. (2010). Music Lessons Lessons Inform Photojournalism’s Future. â€Å"The record business died as the digital music business was born. Photojournalism finds itself at a similar juncture now.” Retrieved from http://www.nieman.harvard.edu/reports/article/102116/Music-Lessons-Inform-Photojournalisms-Future.aspx\r\nSchweizer, Kristen (2013). Music Industry Grows First Time in a ten-spot on Digital Adele. Retrieved from http://www.bloomberg.com/news/2013-02-26/digital-music-with-adele-helps-record-industry-return-to-growth.html\r\nPlácido Domingo (2012). Digital Music Report 2012. A digital world that rewards artists and creators. Retrieved from http://www.ifpi.org/ subject field/library/DMR2012.pdf\r\nPlummer, Robert (2013). French Mourn Virgins â€Å"Funeral March.” Retrieved from http://www.bbc.com/new s/business-20944909 Neilsen Soundscan (2011) The Nielsen ships company & Billboard’s 2011 Music Industry Report. Retrieved from http://www.businesswire.com/news/home/20120105005547/en/Nielsen-Company-Billboard%E2%80%99s-2011-Music-Industry-Report#.Ux6BImTwLzQ\r\nTaintor, Callie (2004) Chronology: Technology and the Music Industry. â€Å"An examination of some of the technological milestones of recorded music.” Retrieved from http://www.pbs.org/wgbh/pages/frontline/shows/music/inside/cron.html\r\nOwsinski, Bobby (2014). 50 Cent’s The Latest To Exploit The Music Industry’s Newest Business Model. Retrieved from http://www.forbes.com/sites/bobbyowsinski/2014/03/04/50-cent-the-latest-to-exploit-the-music-industrys-newest-business-model/\r\n'