Interdependent means two or more things dependent on each other. The recording industry and the radio industry are a great example of being interdependent. The first recording to be sold was of the opera star Enrico Caruso. That started the recording business basically, records began to be sold all around and a competition grew.
The competition was the type of records to be sold. The size of records, the hole in the middle, how many times and how fast it spun, and how many songs were on each record was determined through different companies. This competition made it hard for people who wanted to buy multiple records though. Some disks were the perfect size for jukeboxes, while others were good only for record players. Soon this altercation led to something that could accommodate everyone, the tape recorder. The tape …show more content…
Liebowitz wrote an article on the impact the two industries have on each other and said, “Finally, various regulations and rules, and a form of regulatory property rights ….. are based on estimates of the market outcomes likely to arise under free negotiations, and these estimates will be skewed if the impact of radio broadcast is misunderstood by the regulators” (Liebowitz, 2004, pg. 95). There is a lot more to the radio industry and the recording industry then we think there is. Having property rights makes something legal or illegal. The people who would take the songs off the internet and download them to their iPods or iPhones or burn CD illegally do not have any rights to do it, or rights meaning an approval from the artist to publish their song. This is why today artists are getting mad at the fact that new apps, like Spotify Pandora and more are free, because each time they are played the artist does not get any credit for it. The radio and recording industries are interdependence and without one another the whole system that has been built up over years, from the record to the tape recorder, to the CD, to the radio would be
The competition was the type of records to be sold. The size of records, the hole in the middle, how many times and how fast it spun, and how many songs were on each record was determined through different companies. This competition made it hard for people who wanted to buy multiple records though. Some disks were the perfect size for jukeboxes, while others were good only for record players. Soon this altercation led to something that could accommodate everyone, the tape recorder. The tape …show more content…
Liebowitz wrote an article on the impact the two industries have on each other and said, “Finally, various regulations and rules, and a form of regulatory property rights ….. are based on estimates of the market outcomes likely to arise under free negotiations, and these estimates will be skewed if the impact of radio broadcast is misunderstood by the regulators” (Liebowitz, 2004, pg. 95). There is a lot more to the radio industry and the recording industry then we think there is. Having property rights makes something legal or illegal. The people who would take the songs off the internet and download them to their iPods or iPhones or burn CD illegally do not have any rights to do it, or rights meaning an approval from the artist to publish their song. This is why today artists are getting mad at the fact that new apps, like Spotify Pandora and more are free, because each time they are played the artist does not get any credit for it. The radio and recording industries are interdependence and without one another the whole system that has been built up over years, from the record to the tape recorder, to the CD, to the radio would be