Observing the Music Industry
The Music Industry is a fascinating sect of the business world we live in. Music, unlike food, water, and shelter, does not stem from a need, but a desire. Along with desires, come opinions and these opinions that exist in the population of music listeners governs the success of various artists within the music industry. I hope that this blog will give some insight into the determinants of an artist’s success, and the structural guidelines within organizations (record labels) that determine the level of success. The blog will also give light to the relationships within components of the music industry and the outcome of certain cases; i.e. the effect downloading music over the internet. Of course, with evolving tastes come different outcomes in terms of music. It will be interesting to observe how individual and group opinions in the market for music affect the music industry and the structural relationships within.
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