Pestle Analysis Of The Music Industry

Do you prefer to listen to music? Many of people do. The musicians sell their music and receive large sums of money. However, recently, there has been a large increase in popularity for music streaming services. To keep making money musicians have been required except endorsement deals from large corporations. Artists should use their music in advertising because they will be able to make larger sums of money in addition to gaining popularity.

Other objective of work is to give solution for ‘New Item Problem’. To give solution for ‘new item problem’ items demographics (genres) will be analyzed.

Success in the music business is a thing of wonders isn 't it? From the ongoing fame to having people looking up to you, it 's something really special. But things are making the music world different. Instead of people buying the albums from the musicians, the internet services allows them to stream it which doesn 't cost a penny. Now the musicians are receiving less while the customers are getting their music for free. But since their basically making the musician lose money, now all they can do now is do advertisements. So is it right for musicians to sell out, and the answer to that is yes they should. Musicians should be able to sell out for various of reasons.

The music industry covers a vast spectrum of styles and genres. The public demand for this has grown over the years and even the uncommon is common in the world of music. Additionally, public demand for access to music now has grown and changed over the years, changing the way companies and artists deliver their music message to the public. Technology has opened the door to artist in a way that gives them exposure but this exposure lacks education of the industry itself.

Radio stations started the new wave of media technology during the era of Industrialism. As technology evolves, the radio stations and managers adapt to the respective technologies. Radio Stations and the music industry parallel as the technology progresses. In the current era of music, people buy their music through online distribution sites such as Spotify, Apple Music and third party sites. Previously, music sold on cassettes, compact discs, and vinyl. The one aspect that stays consistent is the purpose for radio, sharing music for the promotional purpose of each artist. As the radio industry progresses, new forms of distribution of music occur and simultaneously the prevalence of piracy as technology evolves with society. Wendy Threatt,

This study addresses how self-made artists in the music industry uses marketing skills to help promote their music compared to the artists that are signed to a record label.

The 1980s was a decade where many things changed drastically. The music industry in the 1980s experienced major changes, mostly due to the political and economic changes, and new trends and inventions.

Music nowadays is manufactured, over marketed, auto tuned garbage. It seems as though everything is becoming safe and easily digestible- almost like baby food. Now you may say that not all music is bad and yes, that is true. With that being said, there are plenty of really good underground bands out there, but my focus is on the mainstream junk that violates my ears every waking minute of the day, whether it’s on the TV or on the Radio. The music industry today requires no talent whatsoever and songs are just pumped out usually becoming over played and annoying.

Is it worth being punished $250,000 for downloading music of my favorite artist? Online piracy is when downloading things illegally; for instance, music, films, shows, games, and software. People should not be prosecuted or given an immense amercement for downloading music for free. When people download music and share it, they try to make their artist famous. Otherwise, people would not pay money to listen to music they never heard of and they might not like it.

When a person steps onto a college campus, they are surrounded by so many things. Illegal music downloads have become one of the main issues that you will face. Once someone finds a great place to “get free music”, it quickly spreads among the students. Everyone likes free stuff but many times people do not consider the fact that it really is not free. College students love music and when everyone lives so close to each other, it is a lot easier to share the illegal downloads or find them to download your own tracks.

In the book, it defines Pop Music as any music that is created, disseminated, and consumed by greater number of a given population, it is not a style of music. When time progresses, we have different type of Pop Music. In mid-1930s through mid-1940s, Big Band Swing was considered as Pop music. We definitely have the different style of Pop Music now. In another words, all generations have its own Pop Music. According to the reading, consumer’s musical knowledge which includes where and when they were born and raised will all influence the change of Pop Music.

The role of a record producer has developed significantly over the last fifty years. Commonalities between producers do exist but trying to find producers with identical skills is almost impossible. Music production is the creation and technological understanding of composition and recording. “Sound is mediated sound, it is sound mediated through a technology that requires its user to adapt their musical practices and habits in a variety of ways.”- (Katz, 2004, p.2). I am analysing the growth in the technologies within music production and how they differ to modern technologies, and the change of roles within the recording studio in the last 50 years. Exploring artists such as Timbaland, George Martin and Pharrell Williams.

Pop music, or popular music, in the modern sense has been around in the United States for several decades, having begun around the late sixties, and has encompassed an assortment of genres throughout its progression. As pop music has aged and adapted, an increasingly common complaint among the critics of this genre is all pop songs being homogenous, or they “all sounds the same”. Typically, the fans of this genre respond by stating each song is easily distinguishable from one another, provide a unique musical experience, or they aren’t less unique than any other category of music. Nevertheless, recent evidence supports the notion of pop music sharing numerous underlying traits between many of its songs. The homogeneity

Internet downloading and peer-to-peer (P2P) sharing services has been growing rapidly since the technology has evolved over the time. The internet getting popular and so do piracy has become even more widespread. Choi and Perez (2007) stated that online piracy refers to the unauthorized use or reproduction of copyrighted or patented (electronic) material such as music or software files. Piracy version of music files which mostly in MP3 format have become widespread on the Internet (Peitz & Waelbroeck, 2005). Today’s the music industry has experienced a world of change which are turning the industry upside down and the music consumption pattern and music sales has been reconsider. As we know that download music from the internet are very convenient

In 2007 Nassim Taleb, a Lebanese-American scholar and essayist on uncertainty, probability and knowledge, published “The Black Swan–The Impact of highly probable”. The book has been widely discussed, with both praises and criticisms, and describes the author’s view on rare events that deviate beyond normal expectations. According to Taleb, these events are impossible to predict through scientific methods, and may play a key role in history, similary to how the discovery at the end of the XVII century of black swans in Australia made by the Dutch explorer Willem de Vlamingh changed zoology (Latronico 2015).