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Record Industry - Research Paper

Record Industry


The music business is experiencing a recession where record sales are
reaching all-time lows. All record companies have in the last few years
experienced a considerable decrease in sales. Finding the cause or
causes of this has naturally become a major concern for all of them.
Some blame the recession in the West in general, but that can hardly
explain why one industry is losing out so much more than others.
Music today is less from the heart than it used to be only ten years
ago. It is mostly a purely commercial product to be used up and thrown
away. A lot of modern music has a short but intense life span. People
are not prepared to pay as much for a 'disposable' product as they are
...

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buyers. But no business favors such a remedy.
Not only since it reduces their income but also because it sends out the
wrong signals to people. It gives the impression that the product is
worth less and that the customers have been charged too much before. And
if the price can drop by ten per cent this year people might expect it
to drop another ten per cent next year.
A better settlement could be enhancing the product and giving people
more for their money. Thanks to modern technology there can be so much
more included on a CD than just music. A computer with a CD-ROM drive,
which is becoming quite common, allows us to read several different
kinds of information off a CD. A short interview with the artist or
'behind the scenes' features can be included as so called 'Quicktime
movies'. Lyric sheets, discographies, extensive biographies and even
sheet music can also be added easily. Text files have such small memory
requirements compared to sound that the Bible can be ...

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Record Industry. (2007, November 25). Retrieved May 4, 2024, from http://www.essayworld.com/essays/Record-Industry/74841
"Record Industry." Essayworld.com. Essayworld.com, 25 Nov. 2007. Web. 4 May. 2024. <http://www.essayworld.com/essays/Record-Industry/74841>
"Record Industry." Essayworld.com. November 25, 2007. Accessed May 4, 2024. http://www.essayworld.com/essays/Record-Industry/74841.
"Record Industry." Essayworld.com. November 25, 2007. Accessed May 4, 2024. http://www.essayworld.com/essays/Record-Industry/74841.
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PAPER DETAILS
Added: 11/25/2007 02:42:50 AM
Category: Miscellaneous
Type: Free Paper
Words: 609
Pages: 3

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