axioma16
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I was trying to find about the impact that internet piracy has had on the record industry, and I have come across this article, which is very interesting.
To summarize, it talks about how illegal downloading has become a promotional tool of sorts, enhancing the income of artists by forcing them to make longer tours to please audiences - who are ever more appreciative of live performances. Conversely, this practice has limited the massive profits that record labels used to derive from record sales; profits that were very unevenly distributed, usually providing very little money for the people responsible for the creation and diffusion of the music being sold.
Thus, while not necessarily profiting from physical CD sales (even if they didn't necessarily did so in the past, either), artists have seen that their individual incomes have risen considerably, while the labels who represent and promote them and their work have seen their profits severely cut.
So, is this a phenomenon of corporatism succumbing to the power of a simpler, more humane means of wealth production, or just a byproduct of widespread practices that are contributing to the erosion of a perfectly functional and essentially fair system?
Link: http://torrentfreak.com/piracy-benefits-musicians-hurts-their-labels-091216/
To summarize, it talks about how illegal downloading has become a promotional tool of sorts, enhancing the income of artists by forcing them to make longer tours to please audiences - who are ever more appreciative of live performances. Conversely, this practice has limited the massive profits that record labels used to derive from record sales; profits that were very unevenly distributed, usually providing very little money for the people responsible for the creation and diffusion of the music being sold.
Thus, while not necessarily profiting from physical CD sales (even if they didn't necessarily did so in the past, either), artists have seen that their individual incomes have risen considerably, while the labels who represent and promote them and their work have seen their profits severely cut.
So, is this a phenomenon of corporatism succumbing to the power of a simpler, more humane means of wealth production, or just a byproduct of widespread practices that are contributing to the erosion of a perfectly functional and essentially fair system?
Much like the movie industry, the major record labels have made a habit of attributing decreasing income from album and single sales to illegal downloading. Aside from the fact that most research has found no direct link between piracy and a decrease in sales, those who take a better look at how the money streams are divided will find that the musicians themselves are actually better off than a decade ago...
Nevertheless, some have argued that illegal downloading makes it easier to discover new artists, which may indeed boost the number of concert visits, explaining the study’s findings. Another explanation could simply be that the tickets for live gigs have doubled since 2000, while the attendance didn’t increase or decrease.
Link: http://torrentfreak.com/piracy-benefits-musicians-hurts-their-labels-091216/

