Industry Analysis & Industry Trends
The proliferation of digital music has turned the industry upside down for labels large and small. The four largest record labels are facing the potential collapse of an industry as they know it, and even though independent record labels are more adaptive and flexible to industry changes, they are faring little better. In fact, continued declines in music spending are causing trauma for almost every company involved in the music industry. CD sales in America have dropped by more than half in less than a decade, and revenue from digital music sales has failed to recoup those losses in traditional sales. Despite improving incomes in the next five years, these negative trends are anticipated to continue... purchase to read more
Industry Report - Starting a New Business Chapter
The industry's falling barriers to entry reflect the low level of capital investment needed to start a business, including the reasonable costs of attracting and acquiring the artists required to be profitable. The industry is based largely on personality: an extensive network of contacts is essential both as a means of winning clients and as a way of on-selling licensed music for a profit to a variety of media.
The decreasing barriers to entry are also due to the advent of digital technology, which is empowering artists and passionate music lovers more than ever before... purchase to read more