Music Industry – An Introspection

Due to the popularity of file sharing websites such as The Pirate Bay and Mininova which are based in Northern European countries an increasing number of analyses concerning the music industry coming also from those areas are gaining attention as well.

In March there was an exhaustive and interesting research on the phenomenon of file sharing in the Netherlands whose conclusion was (as probably expected) that the issue at stake concerns a business model actually and not a legal one. As Techdirt reports, some Norwegian researchers have come up recently with another study that found out that people fond of downloading are also those who account for most of the music being bought. Of course, many previous studies have said the same thing so this is all but new.

Another recent research, this time coming from Finland, proved to be quite an attention-grabber – it was concerned with a historical analysis of two of the more thriving Finish record companies. That’s right, you’ve guessed – according to the study both music labels gained more success when instead of focusing on squeezing the next buck they turned to experiments with new business models and approached their business beyond the motivation of making money and actually remembered they were dealing with a form of art.

Although it was already mentioned numerous times, this aspect seems always to be swallowed up in debates – money as the sole drive is not going to always get you the best results and certainly not the best satisfaction – care and concern for what you do (and love as well) especially when you deal with something that people love and need – music – should never drop to second or some more obscure place.