Facts you didn’t know about the music industry – Overall, the music industry encompasses the companies and individuals that make profit from music, whether it be through creating and selling live performances or making sound recordings and videos of songs.
- The 20 Hot single ladies running Nigerian entertainment (With Pictures)
- 7 English words Nigerians use everyday which don’t exist in the dictionary
- 11 things men really love about women – these things make them go crazy!
- How to tighten the vagina and keep away any bad smell – Ladies, see this now!
For that reason, I’m sorry to the readers who expected this article to talk about how the harmonica is the world’s best selling instrument, or how Ireland has won the Eurovision Song Contest seven times. (Yes, you read that correct – the Eurovision Song Contest, not a drinking contest. What this article aims to do is expose the facts and statistics that highlight the impact of the music industry worldwide, as well as the difficulties facing the industry over the past decade following the digital revolution. Furthermore, this article also aims to answer the question of why radio stations play the same playlists over and over again, as well as identify the challenges facing independent artists and how particular prominent pop and rap stars contribute to the sexualization of Western culture.
10. 95% Of All Online Music Downloads Are Considered Illegal
This statistic may not be too shocking… I mean let’s be honest: the last time you paid for a piece of music was when you couldn’t find it on YouTube. However, the recent ability to access and download music for free online has done serious damage to the music industry’s profits. According to a study conducted by the Institute for Policy Innovation, the US economy loses an estimated $12.5 billion in revenue annually due to online piracy in the music industry.