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1. Apply the value chain and competitive forces models to the music recording industry.
The principal physical distribution channel of the recording music industry value chain has been standardized with a final physical media as CD's among other products.
Unfortunately with the Internet and digital technology the recording music industry has been one of the most affected by companies like KAZZA, Morpheus, Grokster, Gnutella, and the like, which are all based in peer to peer networks or just selling music without taking care of the copyrights.
When a person buys a CD, that person is acquiring a product that represents all contributions of a chain that are part of the music industry. The price that is paid for a CD compensates all the contributors involved in the production of the CD.
The value chain for the music recording industry consists in basically 6 components:
1. Artists or Singer:
2. Recording: Studios (Universal Music Recording, Sony Music, Warner Music, BMG or......
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Title: Can The Music Industry Change Its Tune
Approximate Word Count: 921
Approximate Pages: 4 (250 words per double-spaced page)
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