Music Economy

Music Economy

Music Economy

Introduction

The average age of music begins after the fall of the Roman Empire and ends in the fifteenth century after a serious crisis that began in the fourteenth century. In the West, the church became the cornerstone of medieval life.

The invention of the walkman in the mid-1980s by Sony had already opened the door to a portable listening. Scanning is allowing listening music in all its forms such as, songs, albums, radio, video clips, anytime and anywhere, in living rooms, cars, computers in the street, and the music became ubiquitous, has never been so present in everyday life (Eliot, 1993). According to Petz et al and, UK music source and encyclopedia, the radio is the source of access to music most frequently used and, 83% of French people, aged 15 and older reported regularly listen to music radio. The MP3 player is still used for listening to music by 36% of the French, other than the computer (43%). Young people, who listen to more music, however massively switched to new ways of listening such as, 74% of age below 35, regularly listens to music on the Internet, 64% on their MP3 players, but a market collapses and yet, the record market probably knows the worst crisis in its history.

Discussion

Since 2003, to only seven years, the market has shrunk by 60% in value for music industry, the musical DVD, for a time, came to the rescue CD, plunges to turn from 2006. This meltdown is not unique to France but, also to the rest of the world. According to the IFPI (International Association of Music Producers), the global market for recorded music has fallen by 55% between 2000 and 2009 and, it has been found that, the UK is one of the few major consuming countries that have succeeded in limiting the damage. Hypermarkets, which held 50% of the market in 2003, withdrawing to devote their precious square meters of products or services in a more promising way as, they no longer represent today 32% of the market, according to data from the Observatory of music.

What has happened?

We cannot being disturbed from the coincidence of the market collapse, and the arrival of the Internet in households, the distribution of MP3 files and increase the rate of portable digital equipment , a large part of the profession blames piracy, and has continued to work for its repression. The responsibility of the piracy crisis found that, it is difficult to quantify with precision and, seemed somewhat questionable, and there is a question that, if piracy did not explain everything then, this crisis was not the first. Between 1981 and 1986, album sales were down 40%, without any form of piracy that can be called into question. The arrival of the CD, has led many consumers to renew their nightclub, and a powerful impetus to the market. The massive involvement of hypermarkets and, appeared as a buoyant market has helped boost the market by working less customer segments ...