Decline Of The Music Industry

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The music industry is a multi billion dollar industry that affects all of us. Music is different for everyone, some people are addicted to it while others could care less if there's music playing or not. But over the past decade the music industry has seen seen some of the lowest revenue since the 1950’s. So in this essay I will explain why this is happening, and how the music industry is changing.

Music has been around for hundreds of years and music has always been popular and throughout history people have been performing and enjoying live music, but 1877 would be the year that would change music. This is the year that thomas edison created the record and opened up the world to what would be known as the recorded music industry.
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Some say that the recorded music industry is dying, and it's because of digital downloadable music and streaming. This is because it is so easy for one person to buy and download a song and then give it to their friends for free. But what most people forget is that this was happening with cds also, you could save the music from one cd and then transfer it to a blank one fairly easy, and even when you bought a used cd it wouldn't be contributing to the artist. So the idea that the recording music industry is dying from music sharing just isn't realistic. Some might say that it's because music isn't as important anymore. But if this were true then why would so much time and effort be put into finding the perfect song to sell product or get information out. Ford actually had a 30 percent increase in sales of their ford edge when they used Rachel Platten fight song in there commercials. So what is the real reason behind these low number in sales. Well the truth is that the music industry isn't dying it is simply changing, and it is changing in several ways. To start with the advancement in technology almost everyone either listens to music through streaming or downloads their music. Because of this their are very few cds being sold. Most people don't like every song off an album, so when they do buy and download music they are only purchasing the

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