Is the music industry stuck between rock and a hard place? The role of the Internet and three possible scenarios

Warr, Richard ORCID: 0000-0003-4962-7130 and Goode, Mark M.H. (2011) Is the music industry stuck between rock and a hard place? The role of the Internet and three possible scenarios. Journal of Retailing and Consumer Services, 18 (2). pp. 126-131. doi:10.1016/j.jretconser.2010.12.008

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The Internet through the world-wide-web has well and truly opened ‘Pandora's Box’ as far as the record industry is concerned, and there is no going back. The extensive use of illegal file-sharing and illegal downloads of music tracks (totally for free) threatens the very survival of the record industry as we know it. Furthermore this behaviour threatens the very livelihoods of the employees, artists, and bands who work within the record industry. This paper reviews the current situation and then offers three possible scenarios for the future of the record industry (The Good, The Bad, and The Ugly). Firstly, The Good, where the record industry survives; secondly, The Bad where the record industry dies a slow death; and finally The Ugly, where the record industry dies very quickly. The consideration of several key factors involved will help the industry to focus on maintaining The Good.

Item Type: Article
Article Type: Article
Uncontrolled Keywords: Record industry, Recording and distribution, Piracy, Illegal distribution
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management > HD61 Risk in industry. Risk management
H Social Sciences > HF Commerce > HF5001 Business > HF5428 Retail Trade
Divisions: Schools and Research Institutes > School of Business, Computing and Social Sciences
Research Priority Areas: Applied Business & Technology
Depositing User: Susan Turner
Date Deposited: 27 Oct 2015 15:12
Last Modified: 01 Aug 2023 11:53

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