Adusei+Henry

Destroy and Rebuild - The Rise of the Internet and Its Impact on the Business of Music

You can view my website by [|clicking here.]

Commented: Vince Leung (Mar 28) I'm not sure if this is the correct way to do the critical analysis but i guess ill start it off here. I just read your paper on the rise of internet and its impact on music industry. I can see you put a lot of effort into this paper and tried to show the impact downloading and illegal distribution has hurt the industry. In the past more and more websites and programs has been allowing viewers to stream and distribute videos without any fees or permission from the artists (distributors). However, i believe that is one flaw on the internet as there is no real boundary or guideline (authority) on the net. You can read my paper ( http://cct260-w10.wikispaces.com/Leung+Vincent) as not only industries are hurting from this flaw, but human life as well. Great job on the paper!

__**Minh Nguyen**__ Comment on **__The Impact of the Internet on Business__** Critical Analysis

I agree with your critical analysis paper that i had read, as for my research on the topic. The internet has had a big impact on the workings and revenue of the music industry. It has forced the industry to change and adapt(Krueger, 2006). These changes have had both positive and negative effects on the music industry, effecting all people within the business. Internet innovation is one of the most important drivers of change(Krueger, 2006) especially the online music and news markets have evolved significantly and fundamentally. The Internet helps more new players and stakeholders to join in the market-space and make the business grow faster than anyone had imaging in previous time. Internet act as another form of togetherness, as the consumers takes notice of the advantages the Internet technology offers and started to use the World Wide Web as a preferred medium for checking news or downloading music (Krueger, 2006). The evolution of the Internet not only caused changes in the market but also allowed the traditional media companies to make their processes leaner and to modify their existing business. The innovation (Krueger, 2006) of the Internet now exist in which it has diffused within the news and music industry; and forced the companies to both adopt it and to adjust to a new business environment. The Internet co-exist side by side supporting the music industry in a positive and negative way but cannot live without each others since our live are too dependent on technology.

__//Reference//__

Krueger, Cornelia Corinna. "The Impact of the Internet on Business Model Evolution within the News and Music Sectors". Diplom-Kulturwirtin, University of Passau (Germany),page. 1-397, 23 October 2006.


 * Zohaib Afzal**, Topic of piracy and copyright is a really interesting issue,

Since the internet is getting faster and faster it's getting easier to download music and its getting harder to track down who is downloading them. There are so many P2P websites. There are however other reasons why piracy occurs its not just because of the internet. It can be because of a personal willingness to pay for music. If a person is really devoted to a group or a singer he might pay for the group and others who don't care may just do it because they don't care. Article that i have chosen is called //Estimating the Willingness to pay For Digital Music// its by Eric P.Chiang & Djeto Assane, they make the claim that a reason for online piracy can be due to a persons income. How much they are earning has a great impact if they are willing to spend money to buy an album. Another factor they talk about is risk factor. Since it is hard for companies to track down people who download music, downloading music from the web has no risks. Users know this fact and use it to their advantage. They conclude that these two factors can be a cause of music piracy "First, the key economic variable INCOME and risk variables CAUGHT and PENALTY exert a significantly positive effect on WTP though the coefficients tend be small suggesting low responsiveness to WTP." (Eric P.Chiang & Djeto Assane, pg. 519)

Reference : -

Eric P.Chiang, Djeto Assane, //Estimating the Willingness to Pay for Digital Music//, Oct 2009, Vol. 27 Issue 4, p512-522,