Summary of the music industry 2012

Some other points about the recent state of the music industry in 2012

Because technologies are now more developed than every before, there are now many different ways that music reaches its audiences. We now have things such as Streaming, YouTube and YouTube Converter, iTunes and a lot more that gives us more access to music. Some of these ways to access music are in fact illegal and neither the artists nor the labels receive money when these illegal means of downloading are used.

So, if more and more people are using these illegal means of downloading then this means the artists and their  labels are missing out on money therefore they would have to think of other ways to produce money. They do this either through concerts, festival appearances or through the sales of other products such as perfumes, tops, singed posters and whatever else they have to offer.

Artists could now use new technologies such as Facebook, Twitter and other social networking sites to promote themselves and their music. This is an easier, cheaper and more effective way to reach larger audiences. this type of promotion would benefit the artists in independent labels the most as they do not have as much money and those in the main stream labels.