IS GOING ONLINE GOOD FOR MUSIC INDUSTRY?

The internet has become an integral part of our lives nowadays and the music industry is not left alone. Online music has grown over the past few years with significant progress and the development of the music market. Real-time music sales continue to slide through the use of digital music with continued growth. This trend is particularly noticeable in urban areas where mobile and internet access is high. There has been a steady increase in the use of online music over the past few years. Currently, about 55–60% of music sales go through digital channels.

Why is the music industry going online?

The trend of using the internet has multiplied over the past few years. The internet affects almost every industry, every aspect of human life. It has also affected the music industry. With the new revolution in the music industry, the internet made the music more accessible. Downloading and sharing through websites, music streaming services, as well as teaching it through online singing classes have become a norm. Today, millions of music files gets exchanged online. Music lovers now have a lot of music accessible, which they would not have felt otherwise; today, the music industry goes online because of all these benefits.

How does the internet affect the music industry?

The internet has impacted the music industry in both positive and negative ways. Let's look at the affect from both sides.

Negative impact

The internet has made music easily accessible to the public, making it increasingly difficult for artists to make money. In contrast, a sizeable public section takes advantage of music to make music more accessible and cheaper. Most of the people involved in the record-making process are paid royalties, and sometimes those are not paid for this reason.

Some progress has been made in curbing this practice by offering accessible, cheap downloads for stores; Buyers can now purchase and download their favorite songs instead of buying the entire album in just one song. But current payment structures are still very less.

Positive impact

The internet connects people all over the world with others. It helps artists who want their audience without help or support. Many of the current recording artists around the world have started uploading their videos to YouTube today. And since artists began learning music online, the advantage is that it has become easier for everyone to learn music through private music lessons.

Another one that has benefited from the internet is a new way of broadcasting music. Consumers can now buy their music online, instead of buying them from music stores. Now the music is easily accessible.