Thursday, December 2, 2010
What is the value of a bit?
DRM, stands for "Digital Rights Management." Once the Internet became so popular, it was too easy for pirates to copy and illegally sell digital media and products. Therefore, the purpose of DRM is to stop illegal reproduction and distribution of these products. I do agree that illegal copying of music and videos is a real problem in this world. People who work so hard to make these albums are not getting the full profits they deserve. However, I don't think it's the artists who are the most upset. Major record labels are the ones most frustrated. When artists sign to record labels, the companies make the majority of money off of CD sales. When pirating of music became so prevalent in society, the companies wouldn't make as much money off of the music they were selling. However, through pirating music, you see it is much easier for artists to become popular. The more popular you are, the more people will come out to your concerts. Concerts are where artists make a majority of their revenue, because it gives them a chance to break away from the record companies where they do not have a financial obligation with them. So, in a way, artists should not complain about this. This is an illegal action, and I do agree that it is wrong. However, with the abundance of pirating music, it has been making artists more money, and leaving the record companies in the dust. However, people still buy CDs all the time. Personally, I love adding to my collection and checking out the artwork, and other things artists add in their little pamphlets that come with each CD.
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It also calls into question what we are buying when we pay $13-20 for a CD. Is it the silver disc? Or the artist? The composer of the music? The recording engineers? We might say "all of the above," but you're right - the record company takes the majority of pay to cover their distribution and marketing costs.
ReplyDeleteWe're now in a time when newer, hi-res files are available... 24 bit, 192kHz. Who knows if they'll try to sell these, and give away MP3s for free?
Your idea about live performances as the money maker has been made elsewhere. It's hard to believe, but the "industry" of making a record is really around just 100 years old.