Wednesday, 26 September 2012

The State Of The Music Industry in 2012 (Summary)

After a discussion in class, I have come up with a few points that briefly summarizes the state of the music industry as of today:

*Most people in my class do not pay for music.

*Most people download music illegally.

*Therefore, creating financial problems for the music industry.

*Artists are now making money through touring, selling their tickets at extremely high prices.

*Artists sign 360 degree deals - this involves merchandising, clothes ranges, headphones and perfume deals etc.

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