Does Music File Sharing Boost Sells?

Yesterday, April 3, 2008, I reported that Jay-Z embraces the new (now) music business model as evident in his departure from resigning a recording contract with a major label and signing to Live Nation one of the biggest concert promoters in the world. Today, April 4, 2008 I report that you (my readers) and I are more on track with the new (now) music business model than you might have thought. For a full recap on how Jay-Z embraces the now music business model, click here.

Major record labels have long publicized that music file sharing has negatively affected CD sales and the music business for so long that most of us have believed the hype. Chuck D –Public Enemy Front Man (multi-platinum selling Hip Hop Group)/Community Activist once said “Don’t Believe the Hype.”

According to The iNDImag Report...

  • The senior Google executive poached by EMI's new owners to overhaul its global digital strategy said yesterday that file sharing, for so long deemed the scourge of the music business, was "not necessarily bad".
  • Since the rise of Napster, the music industry has blamed file sharing and peer-to-peer networks for the continuing slump in CD sales. With digital sales failing to bridge the gap, it is desperately searching for a new business model.
  • "There is academic research that shows file sharing is a good thing for artists and not necessarily bad," said Merrill. "We should do a bunch of experiments to find out what the business model is."
  • Previously, the music industry has rubbished studies that claim file sharing can have a positive effect on music sales. "I think people will pay," Merrill said. "There is evidence that people we think are not buying music are buying music. They're just not buying it in formats we can measure." This article was intentionally shorten for space. To read it in its’ entirety click here.

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If you want to stay ahead of the curve you must have vision, desire and execute through repetitive daily action. As a motivational speaker, author and business consultant I speak on Monetizing Your Web Presence (helping you make money online) and Internet Marketing Solutions. For details on future seminars visit moneyonlineseminar.com.