¶ … new techniques used to store and download music from the web? Explain
There are a number of industry changes that are occurring. One such change deals with the online radio features that lets users access a variety of music for free with ads or an ad-free paid subscription. Some of these services such as Spotify let you save and playback tracks as you wish thus making iTunes virtually irrelevant so long as there is an internet connection.
What are the incentives for composers to "post" their creations on the web? Give examples
The entire business model for the industry is changing. Technology has made it increasingly easy to pirate anything digital. Yet some people still prefer to pay for their own personal integrity. By giving music away and selling through various distribution channels, the music itself can be its own marketing campaign and several users will still choose to support the artist.
What are the incentives for the owners of the website to do so?
The owners of a website would post free music to simply drive traffic and promote their branding efforts.
4. Is a new business model developing for the music industry? If it is, what changes do you foresee over the next few years? (The current business model is selling music disc and paying royalties from these sales.)
The new model has virtually eliminated the role of the record label. The record label used to be at the center of artist's work but now they are taking more a backseat and selling their services. Sony Music has its Red Associated Labels unit, Warner Music Group has Alternative Distribution Alliance (ADA), while Universal Music owns Caroline which are all division of labels that will sell their services to an independent artist (Owsinski, 2014).
The new model has virtually eliminated the role of the record label. The record label used to be at the center of artist's work but now they are taking more a backseat and selling their services. Sony Music has its Red Associated Labels unit that sells services.
El nuevo modelo ha eliminado practicamente el papel de la discografica . El sello discografico que solia ser en el centro de trabajo del artista, pero ahora estan tomando mas de un asiento trasero y la venta de sus servicios. Sony Music tiene su unidad Etiquetas Red Asociada que vende servicios .
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