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PROBLEMS WITH THE MUSIC INDUSTRY - Coggle Diagram
PROBLEMS WITH THE MUSIC INDUSTRY
LOW INCOME
in exception of the top singers
low self esteem
average income is little for those who are not top/famous tiers.
low income- cannot pay rent- kills of the dream of being a singer/musician
Before: people sell albums then they get money. Now: you can put it on Spotify and share it to other people
They still get patent money, but lower.
They give money to Spotify
Industry structure is worse because they give the money to more people = less income
LESS ATTENTION
WIth social media, many artists post their lifetsyle and aesthetic
People then focus more on them than the music they do
people
Artists spend more on social media than their works
people judge them more
SOLUTION
it's undoable
hopefully production companies will improve their sharing structure
lessen the amount of people who have to give up their dreams because of money issues
Can join more competitions to raise interest