Among our #discussion topics: 1. #Stakeholders in music and what happens to them? 2. #Production of music 3. #Consumption of music 4. New #technology out there!
Some stats:
The US lost $12.5 billion a year in total sales due to pirated music.
71k jobs were lost; $2.7bn in annual earnings; $1.1bn of that would have been earned by the industry.
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But as with any #tech #disruption, there are always negative externalities.
In the #music industry, most of the bad press came from #piracy. Sites like Napster and P2P torrenting were rampant back in the day.
1. Musicians! As #Producers of music themselves.
2. The #Industry (labels, engineers, distributors, etc)
3. #consumers of music (That's us!)
Some of the ways their craft is permanently changed are:
1. Creation of music is now at a much higher quality, even without professional equipment.
2. They are able to edit and correct mistakes
And not forgetting the #internet too, of course. The Internet and @YouTube has allowed just about anyone to reach out to the masses.
From only live shows to #vinyl to CDs and now in form of #digital music.
Today, we no longer purchase and store CDs. Everything is on #CloudComputing and on-demand!
From K-Pop to Electronica, we have a wider range of musical genres to listen to!
As for the existing genres? Their production and restoration are in constantly improving #quality!
But no technology can come close to musical legends, of course. So to answer the poll yesterday, NATURAL TALENT FTW!!!!
Well, what do you think?
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