Question

Sony Music Entertainment and the Evolution of the Music Industry

1A. How has competition in the music entertainment industry changed over the years?

2B. How do you get your music?

2C. What drives sales in the music industry.

2D. Who are Sony Musics suppliers and buyers?

2E. Is there something about the Sony case you would like to discuss? Use this venue to "chat" about any aspect of the case that is of interest to you.

Answer 1

Answer:

1A. the competition in music industry has changed over the years due to the increasing number of singers, changes in the modes through which music reaches to people, increasing use of social media etc. The competition in music industry has increased because the number of singers has increased and their approaches to people has also changed now they can connect with people over many social media the more the reach to their fans the more famous the music firm is. Also now people can get the music from various social sites.

2B. we can get our music through various ways like we can by the dvd of the songs or we can download the songs from social sites.

2C. The following factors derives the sales in the music industry:

•   popularity of the singers among the people
• the social media fan following of the artists
• the advertisement and promotions of the music
• the availability of music in various modes like CDs, social sites etc.   

2D. sony music is one of the biggest music company under Sony Corporation of America the suppliers of sony music are TV, song DVDs, social networking sites and Radio etc. The buyers are mostly youth as they are more interested in music and are more familiar to social sites and other modes.