Music industry free essay sample

People listen to music for a variety of reasons. Some listen to music to relax in which It serves as a sort of escape from everyday life. Some because they are a fan and follow a certain artist, and others because they can relate the lyrics to their own personal experiences. Whichever the case may be, music has and continues to serve an important role in peoples lives. Music has been circulating the air across many cultures for centuries; however, In the last 50 years, the music Industry has become an important global industry and an vital area for economic activity on many geographic scales (com. 5). Over the years, music consumption has grown and spread across many areas. Music consumption has become more of less. This contradictory idea alludes to the fact that Individuals are listening to music of many different artists rather than to an entire album by a singular artist. L It argues that increased revenues from live concerts can be attributed to a steep increase in ticket prices and not to the increase in volume of tickets sold Landfall, 2011, Para. 2).Revenue from brand merchandising is limited to renowned artists and cannot be considered for all artists alike (Landfall, 2011, Para. 5). Music piracy is detrimental to the growth of new artists as declining sales shrink record companies budgets to invest in new artists. Tunes negatively affect the industry by allowing handpicking of tracks and this alone cannot stop piracy as it depends on the perceived social acceptability of piracy (Tunes wont put an end to piracy, 2012, Para. . References Anonymous (2010, October 9). Having a ball; whats working in music.