Music Industry Revolution: Adaptation Means Survival

In the previous article, we saw how badly file sharing and piracy have affected the music industry, the relationship between record labels and artists, and the options artists now have of taking more profit from their works, which technology and the present crisis have made available.

The music industry is undergoing a deep change, but those who aren’t afraid of adapting and innovating will certainly be the ones who will survive these times.

In this article, we will focus on copyrights, file sharing, and what the future has in stake for record labels.

Music Industry Revolution: Surviving Amid Chaos

The music and movie industries are in crisis. This is one of the most recurrent news of the last 5 years or so. Much has been written and talked about it, but the numbers are still debatable.

Some say file sharing and piracy are killing the industries, and at first glance, the large numbers of laid-off employees and the alarming deficits could be a sign of that. They are certainly affecting minor labels and artists. However the crisis is much more complex than that.

This is the first of two articles, which will analyze the present CD market crisis from the point of view of its three players: the artists, the music industry and the fans, and will speculate on what solutions are available.

In this first article, we will check the music industry numbers, and take a close look on how our beloved artists earn their living.