The
technological input in music industry evolution can’t be underestimated.
Various innovations are implemented every year. The whole process of creation a
music and its distribution has changed in recent years. The appearance of such
phenomenon as streaming music influences the music industry making it adapt to
the new conditions and opportunities.
New business model
The
business model of the way the music industry makes money and the way consumers
purchase music goods and experience them has changed significantly with the
streaming audio delivery. Purchasing of the disk is replacing by browsing songs
online. No one can say for sure where the music industry is headed, but
everyone is sure that increased access and affordable streaming is going to
grow. While some people consider this changes as something bad paying attention
to the fact that such mass distribution deprives new albums and songs their
value, the others believe that streaming helps to fight the piracy which
exploded in the early 2000s with appearance such sites like Napster. Right now the consumers and artists themselves have
more control over such issues as decisions on new releases and their date, the
discovery of new talents, not record labels and executives. Artists involvement
in multiple aspects of the industry increases. Now artists are occupied in not
only music production and records selling, but also touring and merchandising.
Artists themselves are looking for new ways to make money, they have to think
outside of the box. Since the music became a digital product record sales give
the wall to the royalties. The audience is changing step by step, now teenagers
present a new type of people, they are “digital natives,” they don’t buy records, they listen to music on the
Internet, they prefer Kazaa to iTunes, and they are the future. Artists should
defer to this fact and adapt to this new audience. Spotify, in this case, can
be considered as a huge achievement in the music industry, as far as it learns
customers to pay for the music.
Digital files, software, and the Internet outlets
Before
the streaming music, the only way for artists to become famous and promote
their artwork was to sign to the label, today it is not. To record a song,
artists needed a fully-equipped with studios, equipment was incredibly
expensive and only professional could understand how it works. Common artist
hardly could puzzle out what all the buttons on the control board are for. Now
it is far cheaper to record music and easier to use the equipment. Digital
music even doesn’t need that much of equipment, with all these recording apps
developed by various software companies in London and all over the world, a laptop can become a home
recording studio with all these music recording apps. Furthermore, the risk to manufacture CDs isn’t significant in the
digital world. The music digital files are unlimited. Unlimited is also the
access to music discovery outlets for everyone, not just those who hold a
contract with labels. Coldplay, Arctic Monkeys, the Weeknd, Björk they all are
examples of successful indie artists. And it is a normal tendency considering
that the Internet is full of various sources and distributors of information
like YouTube, Twitter, Facebook, Slacker, Pandora and all the variety of blogs.
The necessity in labels isn’t relevant for artists anymore. They can record,
manufacture, distribute their artworks by themselves. Musicians don’t need
millions to become popular. If an artist wants to let people know about him and
his artworks he may give access to his songs on various platforms, distribute
information about himself and get feedback gradually gaining the popularity.
There are numerous apps that can help artists to manage their music files and
connect them with fans and listeners. For instance, young artists who want to
distribute their songs and increase their visibility in user searches can login
in SoundTracking app. From there they can instantly share their songs on
various social networks, such as Facebook and Twitter, add pictures and
hashtags. For the beginners, it is a great platform to promote the music.
Another good application to get discovered is a SoundCloud. With more than 250
million mobile app users finding a target audience and personal listener
getting much easier. The artists can even create their own app with MobBase
which will represent their brand. One app will let musicians connect with their
fans, share music, videos, photos, useful information and more. Technologies
provide artists with incredible opportunities they just need to use them.
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