Thursday, October 16, 2008

New on-line market

That electronic distribution would become such a protent new way of procuring music was not realised till recently. “With an extensive collection of music available for free downloads from the Web, there is little chance that music lovers will ever feel the need to go far from their house to shop and spend the extra buck,” says Joe Patrick, consultant, Digitech.

A total of more than half-a-million songs and albums already exist online, Industry analysts predict a boom scenario for the stereo market with more than one million consumers likely to purchase portable devices for playing MP-3 format music. Once the sale o fjusic begins through digital downloads down-loads from the Internet the market will grow tremendously.

However not all Websites that distribute music on the Internet at present are business-oriented. “Many Web hostings are simply being used as platforms to vent expressions and feelings.Music being one of the most potent forms of assertion, has become an intetral part of most communication over the Net by the Web community”,avers joe Patrik.

The ease and converience of downloading music from the Net has hed to unauthorised copying through the popular usage of MP-3, which packs a lot of music onto a relatively small computer file but offers no protection against piracy.

Unfortunately, the incessant increase in the number of computer users who are copying their favourite CDs on MP3 files and transporting them on-line to others for free is causing a tremor in the audio industry.

To illustrate a comparison, months ago the most popular file to downloaded from MP3.com was, suprisingly, Beethoven’s classical composition Moonlight Sonata performed by Richard Morris. The piece has been downloaded almost 100,000 times in the last month itself.

The music industry wants to ban the marketing of portable players for recording in MO-3 format until the piracy is controlled.

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