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Essay / Research Paper Abstract
This 5 page paper looks at the recorded music industry in the UK. The sales for 2007 are given with the break down between physical sales, digital sales and performing rights, the way in which royalties are paid to songwriters/composers and performers is discussed, and a 2008 Top 10 Pop Chart is provided. The bibliography cites 4 sources.
Page Count:
5 pages (~225 words per page)
File: TS14_TErecmusuk.rtf
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Unformatted sample text from the term paper:
on 2006 (IFPI, 2008). The retail value of the market for 2007 was $2,976 million2. The market was split between three areas; physical sales, digital sales and performing rights. The
largest part of the market is still the physical sales, which make up 85% of the market equating to $2,529.6 in retail sales, 8% for the digital sales equating to
$238 million and 6% on performing rights equating to $178.6 million (IFPI, 2008). The breakdown for sales of music ring tones does not appear to be available as a separate
category, instead it is included in the digital sales. There is a current trend within the UK market moving away from physical music sales, adopting more digital downloads. However, some
of the market may be seen as behind every such as Japan and the US, where digital downloads been taken up at a faster rate, possibly due to a high
level of supply, and lower proportional cost. For example, companies such as Amazon have only recently started making digital downloads available. The music industry in the UK is benefiting from
a more aggressive stance being taken in terms of copyright protection, with illegal downloads being targeted in order to deter the practice. There is an increased use of MP3 players,
and new mobile phone models are entering the market which are capable of downloading music tracks are being used as MP3 players. However, there is still a relatively strong physical
market for music within UK, with major stores such as HMV and Virgin selling CDs along with other multimedia entertainment, such as DVDs and computer games. Other popular distribution mediums
include supermarkets, general stores as well as online retailers such as Amazon.co.uk, CDWow.com and Play.com. Royalties are paid to song writers/composers as well as performers and the record companies.
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