Post by recession and the music biz on Nov 17, 2008 21:49:14 GMT -5
I spent 2006-2008 studying the hell out of the music industry. I studied it, thought about it, analyzed it, worked in it, and basically devoted my entire life to it. 5 months removed from finishing school and 2 months removed since changing occupations I feel like Ive taken my eye off the music industry. I wonder how these tough economic times have effected this biz? I know myself and many others in the field have had a hard time finding work in the industry. But I also wonder if the fiscal crisis has led to an increase in illegal downloading and sharing? I know I personally haven't bought new music in a long time. I don't file share either, I'm simply listening to old stuff. I also haven't seen a live concert in months!! And I used to see at least 5 or 6 a month. Just wondering how the current times are influencing other music lovers buying habits...
Clearly musicians are the canaries in the coal mine. The music business has been in a severe recession for a few years - the general public is just catching up. Downloading screwed this industry long before the mortgage crises/market crash/Bushbull/Enron factors kicked in. All that has just exacerbated the problem.
The only hope that I see is government stepping in and monetizing the internet. Intellectual property rights are under assault like never before, and music is at the very forefront of the battle. I could go on, but let's see if anybody wants to take this bait.
What business model would serve the music industry better? Has anybody thought about how AMWAY or AVON sells their products? I understand that the legislation sucks, but hypothetically, if you could reconstruct the music industry from scratch using everything you know now, how would you structure it so that copyrights are protected. So my point is, if you can't change the law, how can you change the business to get the money the law does note provide you?