Radio, Recording and Popular Music

chapter vii


Radio Today:

• Consolidation of the radio industry.
• few companies owning many stations.
• Advertisements generate the majority of revenue.
• Competition between satellite radio and the internet.
• Streaming programs.
• Spectrum scarcity: frequencies are not available for anyone.
• Radio is influential.

Satellite Radio:

• it started 2001
• requires subscription.
• appeals to commuters.
• losing money at the moment.
• facing competition from traditional radio and the internet.

Advantages of Radio:

• Portability.
• Supplemental.
• Universality.
• Selectivity.
• Flexibility.

MUSIC INDUSTRY:

• Music business is most affected by the introduction of the internet.
• People have different tastes and music has a lot of genres.
• Talented artists at the top are the ones making most of the money.
• Music industry is mostly supported by audience purchases and not advertising.

Timeline:

1960s: Cassettes.

1983: CDs.

1997: DVDs

2000: MP3

2001: Internet

2006: iTunes.

Trends of Music Industry:

• 1970s was the BOOM in music industry.
• CDs had a greater profit.
• iTunes claim that they have 10 billion stored songs.
• illegal file sharing.

Record Industry Organisations:

1. Talent: artist.
2. Production: recorded then promoted.
3. Distribution: stores.
4. Retail: record stores sales declined.

Music Economics: 

• It is a very competitive business.
• Few companies control 85% of the market.
• 1 billion CDs sold yearly.
• 55% of music are bought by people over 30.
• Male and female equally purchase music.

Media Consumed this Week:

1. Social media.
2. Internet blogs.