Nobody downloaded yet

Supply and Demand of Online Music Streaming - Essay Example

Comments (0) Cite this document
Summary
The traditional music industry was consisting upon artists and music companies, who make money by creating and selling music in the physical market in cassettes, CDs, etc….The recording trend of music was emerged by the end of the 20th century, when a number of companies,…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.5% of users find it useful
Supply and Demand of Online Music Streaming
Read TextPreview

Extract of sample "Supply and Demand of Online Music Streaming"

Download file to see previous pages Now, people can access their favorite music through internet by paying no or comparatively low prices to the suppliers. (Amberg, and Schröder. 2007).
The online music industry is experiencing another revolution phase due to the development of technology and invention of Smartphones with a capacity to run online streaming any where through 4G connection. Initially, online paid music downloading facility was provided by the Apple’s iTunes in 2003, but it was a cumbersome task to download the music and then run it, therefore the online music industry players had started to develop such applications and platforms, where people can directly stream their favorite music without keeping them in their PCs or Mobile phones storage. For this purpose, online radio platforms, i.e. Pandora and Spotify have been developed to provide an online streaming facility to the music lovers over their computers and Smartphones. Streaming services are providing almost all sorts of music to their customers and people can access more than million of songs through a single click. Online radios, like Pandora and iTunes Radio, have chosen what the customers want to hear and these firms generate their revenues through advertisements. Whereas, other firms like Deezer and Spotify, offer a collection of 20 to 30 million songs on annual or monthly subscription basis and charge premium prices to their customers. Due to these changes the sales of record labels have decreased by 4% as compared to the last year, where on the other hand online streaming firms like Spotify has earned more than $1 billion in revenues. (Bhattacharjee, Gopal, Lertwachara, and Marsden. 2007). However, the overall online streaming industry was accounted for 21% of the total music industry revenues in 2013, which showed a very rapid growth in last 5 years. ( Hodgkins, 2014) Due to the high trend of Smartphones and development in the mobile phone services sector, i.e. the ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Supply and Demand of Online Music Streaming Essay”, n.d.)
Supply and Demand of Online Music Streaming Essay. Retrieved from https://studentshare.org/macro-microeconomics/1651686-supply-and-demand-of-online-music-streaming
(Supply and Demand of Online Music Streaming Essay)
Supply and Demand of Online Music Streaming Essay. https://studentshare.org/macro-microeconomics/1651686-supply-and-demand-of-online-music-streaming.
“Supply and Demand of Online Music Streaming Essay”, n.d. https://studentshare.org/macro-microeconomics/1651686-supply-and-demand-of-online-music-streaming.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Supply and Demand of Online Music Streaming

MicroEconomics Supply and Demand

...to become stronger in the times to come. The global players in the chocolate business have already taken cognizance of this fact. Graphical Analysis During the regular season, the demand for chocolate in Japan, as any other perishable consumer good is price elastic and follows the classic law of demand. As the Price of chocolate increases from P to P’, the demand for chocolate falls from D to D’. Besides, people start opting for local substitutes like Wagashi. Price of Chocolate P’ P D1 D’ D Units of Chocolate During the Valentine season, the things are different. The increase in the demand for chocolates moves the demand curve up along the...
3 Pages(750 words)Essay

Demand and Supply Analysis

...? Demand and Supply Analysis Substitutes and complements Good Substitutes complements An airline ticket More cheaper airlines Onboard refreshments A mystery novel Required textbooks Marker pens A floppy disk Flash disk Floppy drives 2. a) Fig. 1: Demand and Supply curves 3. 4. 5. 6. 7. 8. 9. 10. 11. a) Demand and supply are equal at the points when equilibrium quantity is Q=200 units. It is also at this point when equilibrium price is also equal to P=200. This is as shown in the graph above. b) The relationship between the quantity demanded and the price is of negative relationship while that between quantity supplied and price shows a positive relationship. Quantity demanded of a commodity according to the theoretical information... is the...
5 Pages(1250 words)Essay

Demand and supply theory

...Due Economic Theory of Demand and Supply Microeconomics generally deals with how the society allocates its resources in the most efficient way possible to alleviate human suffering. Through Adam Smith’s theory of the invisible hand, individuals in pursuit of own self-interests generates unintended demand that compel another bunch of individuals to react (supply the needs of the other side) with the expectation of being able to receive a (quantifiable/measurable) compensation package that leaves both sides better off. Economists are in agreement that prices and quantities are descriptively the most observable attributes of individual interests that interact within a...
4 Pages(1000 words)Term Paper

Supply and Demand

... Supply and Demand Supply and demand refer to an economic theory of determining prices in a market. The theory asserts that in a competitive market, the unit cost for a specified product will differ until it remains at a position where the amount needed by customers will be equal to the amount supplied by producers, leading to an economic equilibrium for quantity and price. There are four primary laws of supply and demand. First, if demand rises and supply remains unaffected, there will be a shortage causing a higher equilibrium cost. Second, if demand lessens and supply remains unaffected, there will be a surplus causing a lower equilibrium cost. Third, if demand remains unaffected and supply rises, there will be surplus causing... a...
3 Pages(750 words)Term Paper

Supply & Demand

...?Supply and Demand: An Analysis Although one might be quick to assume that the food and beverage industry, specifically the fast food industry, is one that has a relatively inelastic level of supply and demand, this is only partially true. As will be detailed within this short analysis, there are a number of factors that work on a systemic and local level to differentiate the levels of supply and demand so that even though they may not make wild swings in movement, they are nonetheless nearly continuously in flux. Accordingly, the following analysis will present an argument for the way in which supply and...
3 Pages(750 words)Article

Demand & Supply

...Running head: Demand & Supply Impact of scar and choice on the laws of supply and demand. ___________ ________________________ ________________ Impact of scarcity and choice on the laws of supply and demand The classical economics is pillared on the twin concepts of the demand and supply. Micro economics analysis of the consumer behaviour is explained by means of the law of demand and the firm behaviour is explained by means of the law of supply. Law of demand simply states that, ceterus paribus, a consumer would demand less of a good if its price is higher and more of the same good if its price is lower. Ceterus paribus is an omnibus assumption and holds all other factors which might influence... ...
2 Pages(500 words)Essay

The New Economics of the Music Industry

...network architecture has cultivated the sprout of online music sharing services like Napster. Using the economic perspective, Napster has maximized the utility of music fans by providing them with less costly alternatives. Online commercial music sharing service providers are Napster, iTunes and Rhapsody. Basic economic theory tells us that consumer surplus is maximized by charging the least possible price to a product [19]. The change in business models has also altered the demand and supply curve faced by consumers and the music industry. The most common commercial service providers charge a fixed...
17 Pages(4250 words)Essay

Supply, Demand, & Equilibrium

...04 July 2008 Supply, Demand, and Equilibrium The wage of a worker as with the price of goods in the market is determined by supply and demand. It should be noted that in the labor market, as with the goods market, some workers are “valued” higher than the others thus demanding the payment of higher wages compared to the employees in other profession. Using real world example, professional sports players are paid much higher than farmers, factory workers, engineers, and teachers even though all of them are generally in competitive markets. In order to assess this situation, this paper will conduct an analysis using the diagram of supply...
2 Pages(500 words)Essay

Demand & Supply

...Demand and Supply Introduction The main theme of the article is the demand and the prices of housing in Scotland. The article mentions the fact that the number of properties that are available for sale is lower than the demand for housing among the people of Scotland. The demand for housing is not equal to the supply and hence the prices of housing in the country have skyrocketed. Experts are of the opinion that in order to bring sustainability in the market it is important for the builders to build quality homes so that the demand is adequately met by the builders. The lack of supply is because of the...
5 Pages(1250 words)Essay

Supply and Demand of Online Music Streaming

...Supply and Demand of Online Music Streaming Contents Contents 2 Answer Increase or decrease in demand 3 Answer 2: Increase or decrease in supply 4 Answer 3: Demand and supply equilibrium 6 References 8 Answer 1: Increase or decrease in demandOnline music streaming is the enabling of online access to audio contents without the user being able to store the contents permanently on a computing device. This enables the users to gain access to the vast audio collections in different databases without...
5 Pages(1250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Supply and Demand of Online Music Streaming for FREE!

Contact Us