The Music Industry: What’s Next and Where is it Heading?

With the constant change of the music industry, advances in technology and deterioration of the US economy, what’s next for the music industry and where is it heading?

Well to give you a short review this is what we can expect:

1-     Record sales will continue to drop and digital sales will increase

2-     Downloading will increase as technology advances

3-     Gold will become 250,000 records sold and Gold (500,000 records sold) will become the new platinum

4-     Artists will continue to drop singles without the possibility releasing of an album

5-     More producers, many more artists and fewer jobs

6-     Record labels will continue to decrease

7-     Artists will continue to expand through corporate America (this is already evident, Mary J Blidge-iTunes, Common-Lincoln, Jay-Z-HP, 50 Cent-Vitamin Water)

8-     Major Recording Urban artists (50 Cent, Eminem, Jay-Z, Kanye West, Alicia Keys, Akon, T.I.), will distribute their own music, independent from the major record labels.

Note:  These are my opinions and where I feel the music industry is heading.

2 Comments »

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