The Development and Structure of the Music Industry.

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The Development and Structure of the Music Industry.

The music industry as it stands today began with three main expansion periods. The first came just after the Second World War with the introduction of radio amongst the masses. People could now listen to songs on the radio. It also heralded the introduction of copyright and music licensing meaning that music could in fact become a commodity.  

The second period of expansion came in the 1920’s with technological expansion. The American military and NASA were continually bringing in new technology onto the market. With the possibility of recording and marketing the music, the music business began to boom. Soon after the second period of expansion came global recession, the plunge of the stock market and the loss of thousands of jobs. This brought with it a new incentive and by the 1950’s (the third period of expansion) the industry was coming back strong. This even more so in the 1960’s with the introduction of tapes stereo’s and A tracks, people could now listen to music whenever they wanted even in their cars.

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Another reason for this expansion was the creation of sub-culture, i.e. teenagers. More people were staying on in education whereas before the war you left school and were considered an adult at the age of 15.  These people were not considered adult but were no longer children, this created a separate group perfect for marketing to.

By the late 1970’s the world saw yet another technological expansion with the introduction of recording equipment. Finally the 1980’s saw the emergence of CD’s, the tape cassette now dead.

With sub-culture, new technology and a new age the music industry ...

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