Tuesday, March 31, 2009

Music in an Uncertain Global Economy

Here are two important news stories of relevance to the future of music in the global economy:

(1) According to a very recent report, Google (in partnership with Warner, Sony, Universal, EMI, and others) has just launched a new music service in China that may help open an enormous music market that has until now consisted of 99% pirated copies and illegal file sharing. In theory, this could be a very positive development for professional musicians, but will it be so?

http://www.nytimes.com/2009/04/06/technology/companies/06music.html

(2) A BBC World Service survey of 29,000 people has found “broad support for reform of the international economic system ahead of the G20 summit.” According to the article, “More than 70% of people in 29 countries think major changes are needed in the way the global economy is run.”

http://news.bbc.co.uk/2/hi/business/7970625.stm

Despite such survey results, there is also strong evidence that many place little faith in the G20:

http://uk.reuters.com/article/topNews/idUKTRE5354K320090406


Also, here is a link to the 2009 digital music report of the International Federation of the Phonographic Industry, which offers an industry perspective on recent changes in music production and consumption:

http://www.ifpi.org/

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