IMPACT OF TECHNOLOGY ON MUSIC INDUSTRY

The Cultural and Economic Impact of Technology on Music Industry

Abstract

Technology has played a pivotal role in evolving every industry at global scale, music industry is also influenced by technology. The impact of technology on the music industry has a mix reaction from the cultural and the economic domain. In this paper I will critically analyze the research on impact of technology mentioned in different journals, books, articles and papers. In order to compile this report a simple hierarchy has been followed. The impact in the cultural domain will be examined, its proposed solutions will be highlighted and alternative research methodologies will be defined. Then impact on the economic sector of the music industry will be critically reviewed in the evidence of different papers. Role of governing authorities will be examined and then proposed solutions will be defined.

Table of Contents

Abstract2

Introduction4

Discussion5

Cultural Impact of Technology on Music Industry5

Negative Impact6

Economical Impact of Technology on Music Industry7

Positive Impact7

Negative Impact7

Conclusion9

References10

Cultural and Economical Impact of Technology on Music Industry

Introduction

Music is a form of art essentially created for the purpose of entertainment. It has now evolved as a resource of expression for multiple human activities ranging from religion, education, political activities, promoting peace and bridging gaps. Music is used as a tool, to express social disputes of racism, status quo, political violence, expression of love and uniting societies together (Ambert, 2003, p. 1).

In the cultural domain, music has played a pivotal role to promote the traditional heritage of societies not only nationwide but internationally. It is an intellectual property created by geniuses and loved by masses. It has played a positive role in promoting national and regional culture to other parts of the world. Cultural music is a historic symbol of regions and countries on the basis of a certain music type like UK has served as on the originator for nursery rhymes it was one of the leading countries to promote rock music. Subcontinent has been primarily responsible for classical music. Similarly, origination of musical instruments is also a part of culture and heritage like Italy was responsible for piano's origination, saxophone got popular in France.

Music as a commodity or service has played a major role in strengthens the economy of all countries as multiple stake holders are directly related to the field of music. Sound recording is a globalised industry and was estimated to have worldwide sales of $US 37 billion (thousand million) in 2000 (Towse, 2003, p.14). Music creates multiple job opportunities for both the educated and the uneducated sectors throughout the world. The people directly related with the economics of the music industry are originators; who are composers and lyricists. Agents; who sell their music to publishers. Publishers; publish the music with the aid of performing artists. Performing artists are the vocalists or dance performers who lend their voice for this task. Record companies provide the platform for recording, market the album and sell it. Manufacturer produces the copies of the original content to cater the demand of local ...