How is the music industry being affected by iTunes and similar Research Paper

How is the music industry being affected by iTunes and similar services - Research Paper ExampleThis invent How is the music industry being affected by iTunes and similar services? outlines how the introduction of iTunes, Amazon MP3, Napster, Zune Marketplace and Rhapsody have changed the music industry business. Instead of acquire the firm CD just for one nisus great deal nowadays prefer spoiling their favorite single. Previously battalion were forced to buy the whole album of a particular artist or band on CD if they liked a particular song however now people have the choice of buying only the song they prefer instead of the whole album. This means that people save on their cost and can buy many more such singles instead of wasting their coin on just a single album, whose songs they will hardly listen to draw for that one song. Hence services like Amazon and iTunes allow people to choose amongst various songs from a plethora of songs in their database. With services such a s iTunes, music has become increasingly accessible for the consumers. It is now very flabby to transfer your favorite song to your handheld device allowing you to listen to your favorite song on the go. Instead of going to the neighborhoods music unwrap to buy the album that had your favorite song now you can just ride at home and buy your favorite song online. Artists who worked hard on making their whole album a success are at a disadvantage as others can easily steal their spotlight by introducing their one single hit and then disappearing into anonymity. This has led to a right in the artists creativity.... This means that people save on their cost and can buy many more such singles instead of wasting their money on just a single album, whose songs they will hardly listen to except for that one song. Hence services like Amazon and iTunes allow people to choose amongst various songs from a plethora of songs in their database. With services such as iTunes, music has become inc reasingly accessible for the consumers. It is now very easy to transfer your favorite song to your handheld device allowing you to listen to your favorite song on the go. Instead of going to the neighborhoods music shop to buy the album that had your favorite song now you can just sit at home and buy your favorite song online. Artists who worked hard on making their whole album a success are at a disadvantage as others can easily steal their spotlight by introducing their one single hit and then disappearing into anonymity. This has no doubt led to a decline in the artists creativity as we no protracted see albums with all the songs that were a hit. On the other hand however, there has been an increase in the sale of individual songs because they are cheaper than the whole album. In concomitant by 2010, iTunes had sold 10,000,000,000 songs and the online music store is still going strong with consumers buying thousands of songs from the iTunes store every day. However the increase in sales does non add that much in revenue that it can offset the decline in revenue from the fall in sales of music CDs. In a study conducted by Elberse, she found out that for every one percent rise in the consumers who shift to buying music online there is a 6 percent drop in the sale of albums. Sales of a mixed bundle (the album plus its single) fell from $15000 in 2005 to just $7000 in 2007 (a amazing