Friday, 18 September 2015

Music Industry Crisis

In the 20th century artists and record labels sold their product as physical objects such as CDs and vinyls. However in the 21st century technology has progressed to a point where product is now downloaded into a device rather than bought as an object.

This has created a crisis in which labels now have to adapt to the changing industry as CD sales continue to fall while downloads rise.

Within shops CDs are pushed to sell less with devices such as mp3's and Apple products being the prime objective to sell. 

In 2009 the four creators of the online site 'Pirate Bay' were sentenced to a year in jail and to pay $2.5 million in damages to companies. 

This shows the negative side effects of the music industry changing as new types of fraud are being being committed so its easier for companies to lose money.

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