How is todays economy affecting the music industry?

I am doing a project for my business class about the music industry in todays economy. Can anybody fill me in and/or send some links? Thanks.


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2 Responses to “How is todays economy affecting the music industry?”

  1. the long shot Says:
    July 27th, 2010 at 9:45 pm

    Downward economies push family units or individuals to cut spending. The first items to go are luxury items. Music would be a luxury since it does not satisfy the food, shelter, clothing, or transportation needs of daily life.

  2. luckyjj Says:
    July 27th, 2010 at 9:52 pm

    I think the economy has affected the music business in both a positive and negative way. It negatively affected the major side of the record business such as Labels, Distributors, and Retail. On the flip side, I feel it has affected the independent music market in a positive way.

    One of the main examples of that would be the rise in the use of independent music being used in productions. Almost 100% of the music on TV comes from the indie scene. I think the reason for this is the economy has also hurt all forms of media and that has affected the budgets of a lot of productions. Which in turn, are looking for cheaper sources of music and that affects the indie music world in a positive way.

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