Impact of Digital Downloading on the Music Industry

Running head: INTEGRATED BUSINESS MANAGEMENT PROJECT
Integrated Business Management Project
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Table of Contents
Introduction................................................................................................................................3
Illegal Downloading of music....................................................................................................3
The demand for free products....................................................................................................3
The growing popularity of streaming devices............................................................................4
Music artists losing on financial grounds...................................................................................4
Social media’s role in decline of the music industry.................................................................5
The future scope of music industry and digital downloading....................................................5
Conclusion..................................................................................................................................6
Reference List............................................................................................................................7

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Introduction
Advent of the computer technology has brought various deviations in the avenues of
entertainment in the lives of people. The music industry constitutes a comprehensive part of
the entire resource chain of human entertainment. Furthermore the music industry also
accounts for being the lone source of income for the music artists of the country alongside
depositing a heavy percentage of revenue to the government. Introduction and alignment of
computers and other modes of digitalisation has made it possible to promote the music
industry at a larger scale. With the progress of this strategic partnership, some illegal
practices have crept in. moreover the growing demand of music streaming or free song
downloads have affected the financial growth of the music industry. The music artists also
use the avenue of internet to promote their ideas and creativity through social media.
However, the music composer or producers are eager to promote their music through paid
websites.
Illegal Downloading of music
Recent innovations in the digital and cyber domain have made it possible to do peer to
peer transfer of digital files between internet users. On one side, Aguiar (2015), is of the
opinion that the copyrighted products of the music producing companies are supposed to be
purchased over the internet portals that offer purchased access over music albums. On the
other hand, according to the findings of Datta, Knox and Bronnenberg (2017), illegal copying
of copyrighted portals and release of the same material over the free to access websites have
proved to be fatal for the music producing companies. Some of the major applications that’s
support such illegal access to songs are Lime-wire, Napster, Win MX and so on.
The demand for free products