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The distribution of music was once the exclusive domain of the major record companies.
Member rating: No Rating | Words: | Submitted: Mon Jun 19 2006
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The distribution of music was once the exclusive domain of the major record companies, i.e. Warner AOL, EMI, Sony, Universal and BMG. However, a new business model is emerging that may fundamentally change the way music is distributed. Digital distribution of music on the Internet has altered the landscape of the music business. This has created both threats and opportunities to those in the music industry. Artists, labels, retailers, and consumers are all taking a closer look at the roles they will play. Although it is widely believed that consumers will be slow to adopt digital downloads over physical media such as compact discs, musicians, retailers, and independent record labels can position themselves to benefit from this emerging new business model. Music file sharing on the Internet via websites and networks such as the notorious Napster has become an extremely controversial topic in recent years. Since May 1999,...
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