Music Business
The Music Business is an ever changing and dynamic field. Its consumers include listeners as well as amateur and professional performers. The record industry in the has been characterized by chaotic distribution and intense competition which has resultes in lower profits. The rise in business cost in recent years, combined with uncertain music industry conditions has made it more difficult for larger record to continue to grow, however they have now begun to adopt to the new business environment.-
Music Business in the Internet Era
The traditional model of the music business has rapidly changed over the last 10 years. Record Companies have lost out on record sales but at the same time they have not had to spend a fortune on discovering new talent.
You Tube and other Free Video Portals have enabled artiste that actually have the X Factor to be discovered first without any input from the Record Companies. All they have to then do is take this talent and then market them traditionally.
Saying that formulae bands are still very successful and are targeted at certain markets, mainly the teenage markets. These are mainly boy bands.
The Internet has certainly changed how we buy music via downloads. However CD sales still remain high showing us that people for some reason still prefer or like buying a tangible product and CDs still make nice gifts.
Live Function Bands
One method where live music performers performing jazz and pop have survived is to become part of a function band, or party band or a wedding band where they perform for parties and events. These bands are very much in demand for weddings and corporate events. Most of these bands thrive in major cities around the world. In London one of the major providers of these live bands isMusic for LONDON
Live Music in the Digital Age
Live Music is still one of the main avenues for musicians to have an income, whether it is performing in pubs, wedding and parties or for the A and B list bands and musicians, concerts.
Concerts are still one of the highest earners for musicians, production companies, Lighting and PA Hire companies. Plus the venues charge hundreds and thousands of pounds for the hire of their facility.
Live Music concerts also provide high revenues for ticket sales, box office systems and generally provide work for people in these industries.
The Music Business has evolved and still survives against many predictions that it would have been extinct by 2000. As we can see with the start of 2010 the music business is still alive and live music and new albums still remain at the fore of it all. What has changed is the delivery of music via the digital media.
