The Impact of Online Music Services on the Music Recording Industry

Opportunities and Challenges

Nonfiction, Computers, Application Software, Multimedia
Cover of the book The Impact of Online Music Services on the Music Recording Industry by Daniel Wiechmann, GRIN Verlag
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Daniel Wiechmann ISBN: 9783640427666
Publisher: GRIN Verlag Publication: September 14, 2009
Imprint: GRIN Verlag Language: English
Author: Daniel Wiechmann
ISBN: 9783640427666
Publisher: GRIN Verlag
Publication: September 14, 2009
Imprint: GRIN Verlag
Language: English

Master's Thesis from the year 2009 in the subject Communications - Multimedia, Internet, New Technologies, grade: B1, University of Glasgow, course: Media Management, language: English, abstract: The music business is one of the few industries that has trouble growing profits in its transition to digital. Digital media, downloads, mobile music streams, music flat rates, peer-to-peer networks and the rise of 'freeconomics' on the Internet are partly responsible for the reduction in CD sales in recent years. The question that is most important for the industry is how the widespread of freely available content and illegal downloading can be monetised. One approach to model around the main threats to the music industry is the development of online music services. Thus, this study is an attempt to address the issue of 'what are the opportunities and challenges posed by online music services for the music recording industry?' Referring to empirical findings of a consumer survey and expert interviews, both opportunities and challenges can be identified for the music recording industry. The opportunities surrounding the development of these services are encouraging. Deriving from the challenges, the music recording industry must ensure that online music services are a supplement to traditional ways of consumption and do not turn into a replacement of physical music consumption. Concluding online music services have a small impact on the recording industry. The industry might benefit from closely cooperating with online music services by learning more about consumers' tastes. Nevertheless, the online businesses are struggling to break even and revenues from streaming will not overcome legal downloads or CD sales as major revenue stream anytime soon.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Master's Thesis from the year 2009 in the subject Communications - Multimedia, Internet, New Technologies, grade: B1, University of Glasgow, course: Media Management, language: English, abstract: The music business is one of the few industries that has trouble growing profits in its transition to digital. Digital media, downloads, mobile music streams, music flat rates, peer-to-peer networks and the rise of 'freeconomics' on the Internet are partly responsible for the reduction in CD sales in recent years. The question that is most important for the industry is how the widespread of freely available content and illegal downloading can be monetised. One approach to model around the main threats to the music industry is the development of online music services. Thus, this study is an attempt to address the issue of 'what are the opportunities and challenges posed by online music services for the music recording industry?' Referring to empirical findings of a consumer survey and expert interviews, both opportunities and challenges can be identified for the music recording industry. The opportunities surrounding the development of these services are encouraging. Deriving from the challenges, the music recording industry must ensure that online music services are a supplement to traditional ways of consumption and do not turn into a replacement of physical music consumption. Concluding online music services have a small impact on the recording industry. The industry might benefit from closely cooperating with online music services by learning more about consumers' tastes. Nevertheless, the online businesses are struggling to break even and revenues from streaming will not overcome legal downloads or CD sales as major revenue stream anytime soon.

More books from GRIN Verlag

Cover of the book Rekonstruktive Sozialpädagogik - Biografische Fall- und Milieurekonstruktion by Daniel Wiechmann
Cover of the book Die Entwicklung eines Controlling-Konzeptes zur effizienten Steuerung von Operationellen Risiken im Risikomanagement nach Basel II by Daniel Wiechmann
Cover of the book Vom Fremdbild zum Selbstbild - Die fotografische Repräsentation der Indigenen Mexikos by Daniel Wiechmann
Cover of the book Gründung von Stadtwerken in Ostdeutschland by Daniel Wiechmann
Cover of the book Absicht - Ziel - Störung - Wendung. Eine Sendungsanalyse am Beispiel der Serie 'Revenge' by Daniel Wiechmann
Cover of the book Depressionen und Ängste - Der fiktive Fall der Klientin Helene P. by Daniel Wiechmann
Cover of the book Medienpräsentation deutscher Spitzenpolitiker in Bezug auf die Bundestagswahl 2002 by Daniel Wiechmann
Cover of the book Das 'folium 199/200' aus Ciceros'De Re Publica' by Daniel Wiechmann
Cover of the book Die perfekte Pflegeplanung by Daniel Wiechmann
Cover of the book Harry Potter, the Familiar Hero by Daniel Wiechmann
Cover of the book Fortuna und Virtu in Niccolo Machiavelli's Il Principe by Daniel Wiechmann
Cover of the book Volkssouveränität und parlamentarisches System - Ideologiegeschichtliche Wurzeln einer aktuellen Debatte by Daniel Wiechmann
Cover of the book Energie - 'Schmierstoff' der Weltpolitik ? by Daniel Wiechmann
Cover of the book Explaining Croatia's (non)compliance with EU conditionality on ICTY cooperation by Daniel Wiechmann
Cover of the book Integration der Fächer Deutsch und Ethik am Beispiel der Poetik des Aristoteles by Daniel Wiechmann
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy