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M1 Assess the impact the development of distribution has had on the music…
M1 Assess the impact the development of distribution has had on the music industry
Digital Transformation:
Transition from physical to digital distribution.
Rise of digital platforms like iTunes, Spotify, and Amazon Music.
Easier access for consumers via smartphones and computers.
Democratisation of Access:
Breakdown of geographical barriers.
Independent artists can reach a global audience.
Increased diversity of music available.
Decline in Physical Sales:
The decline in CD and vinyl sales due to digital and streaming.
Impact on record stores and traditional music retailers.
Piracy Challenges:
Digital distribution led to piracy issues.
Music industry fought back with legal measures and streaming services.
Emergence of Streaming Services:
Spotify, Apple Music, and others offering music on-demand.
Subscription-based revenue models.
Streaming became the dominant music consumption method.
Revenue Shift:
Transition from album sales to streaming revenue.
Challenges for artists to make a living from music.
Revenue from live performances and merchandise became crucial.
Data Analytics and Personalization:
Distribution platforms collect user data.
Personalized playlists and recommendations.
Artists can use data to target their audience better.
Changing Music Formats:
Growth in single-track releases.
EPs and shorter albums.
Artists adapting to the streaming format.