Impact of New Media in Music Industry

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Impact of New Media in Music Industry
Introduction
In the recent years, there have been changes in the structure of the Music industry and the paths that have been used for creating, promoting and distributing music. Most of these changes resulted from the advancements in technology, which affected both economic and technological structures of the industry. The digitization of music and its migration on to the Internet has been one of the biggest challenges to the traditional music industry. Ever since the invention of recorded music itself over a century ago, and together with the rise of illegal file sharing, it smashes the familiar hierarchies and materiality of musical production at practically every level. Today a growing number of consumers are using the Internet to access music. The Internet has changed the distribution systems as well as raised many legal and ethical issues in the music industry. And in the same way that the unique compositional possibilities of recording technology itself were only widely accessible and explored in the last quarter of the twentieth century in genres such as electronic music, rock & roll, disco and hip hop which may be decades before the uniqueness of tomorrow’s online music-making landscape is really found and put to use. Music on the Internet

The introduction of the Internet into the music industry is the most influential driving force of change. The number of people using the Internet to access music is continually growing for a variety of reasons. Some of the main reasons are consumers are using the Internet because they can acquire free or cheaper music and may also use the Internet to get music that is not available to them on the radio or in retail stores. Before music became available via the Internet, the only way consumers could access music was through purchasing CDs at retail stores or listening to music on the radio, on television, or at concerts. Many consumers felt that buying overpriced CDs often...
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