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Intellectual Property
It is important to note, from the onset, that revenues for the U.S. recorded music industry have more than halved since the late 1990s (Figure 1.0). In essence, what has often been blamed for the falling revenues is the online music revolution (Mezei, 2018). It is instructive to note that in recent times, streaming services have seen their paid subscriptions go up significantly, with 2016 having been a particularly good year for the said services. These include, but they are not limited to, Tidal, Apple Music, as well as Spotify. Thanks to such growth in streaming services, quite a number of players have in the past expressed their intention to try their hand in this specific market. These include new entrants to this spot, like Amazon.
According to the Recording Industry Association of America - RIAA (2017), in the year 2016, there was an 11.4% growth in U.S. recorded music revenues. Essentially, “the primary driver of that growth was a doubling of paid streaming music subscriptions which helped the American music business experience its biggest gain since 1998” (RIAA, 2017). It would, therefore, be fair to say that the U.S. market...
As RIAA figures show, the retail sector experienced more growth than the whole sale sector in the years 2014, 2015, 2016 (RIAA 2017).
Figure 1.0
Source: Recording Industry Association of America – RIAA Revenue Statistics from 1990 to 2016
As per the figure above, it is clear that while CD album and MC album were the dominant force in the market in the early 1990s, the latter fizzled out in the early 2000s. CD album has largely driven sales over the last two decades but as can be seen, from Figure 1.0 above, sales have declined in recent years. It is also clear from the figure that streaming is likely to take over the market going forward. This is more so the case given that as per the chart info, this is the only source that has not experienced decline within the last two 5 years.
In the final analysis, it is important to note that the U.S. remains the world’s largest market for music. CD sales are likely to drop, while digital downloads could cool as far as further increase is concerned. Also, one interesting aspect of this market is the fact that at a time when CD sales were…
In conclusion, I believe that the anti-circumvention provision is important since it makes sense to prevent unauthorized uses of the intellectual works of the owner who have put so much time and efforts in producing the work. If a person had a legitimate fair use reason for accessing a work, then nothing in the provision would prevent him or her from doing so. This provision is also important since it offers the
Johnson reports that "in 1998, the Digital Millennium Copyright Act (DMCA)1 severely limited the use of copyrighted materials in distance learning. In 2002, the Technology, Education, and Copy- right Harmonization Act (TEACH Act) relaxed these restrictions under specific conditions. These two laws significantly changed the way educators could use copyrighted material in the digital class- room." (Johnson, p. 66) In the section hereafter, the research considers the implications of this
Intellectual Property Law There has been much controversy surrounding the European Union copyright directive, especially as this relates to the music industry. There have been several arguments that these laws are inadequate when taking into account new technological developments, especially with regard to the Internet. Indeed, when the media industry in general is taken into account, the rapid developments require adjustments in legislation. While the copyright directive is an attempt at
How the Internet has Transformed the Economics and Value of Music Introduction Digital technology has transformed the way people all over the world consume music. The Digital Age has also impacted the way musicians, artists and producers benefit from making music. Prior to digitalization, music had to either be consumed live and in-person or through the purchase of a hard copy (disc, cassette tape, record, etc.). Now that music files can be
Image Copyright Intellectual property laws are the subject of much debate. Indeed, some people feel as if the ability to use another person's photo or likeness without payment or other remuneration should be allowed and free while the law itself basically bans such a practice unless such uninhibited usage is granted in advance. As with most things, there is a middle ground between the two that could and should be sought
Protection of Intellectual Property Intellectual property is any form of an idea that originates from a person or company and used to create innovative products, or services. Theft of these ideas by foreign entities to produce similar knock off goods has had a negative effect to both the owners of the idea and economy as a whole. The United States Department of Justice and the Federal Bureau of Investigations (FBI) have taken