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Words: | Submitted: Fri Oct 10 2003
... The growth of internet as an entertainment and communication means in conjunction with the development of related software to distribute and play music in digital form represent a major threat to the current structure of the music industry and to BMGE. * Some independent record labels are beginning to use Internet to distribute their product digitally. * Smaller brands are not going to need record companies because they will just sell their stuff directly over the Internet. They have nothing to worry about. * The introduction of a new channel enabled new on line companies to enter the music retailing market. * Main competitors are major players. The major companies controlling the music industry are Sony, Warner Music, EMI and PolyGram. * The introduction of a new channel enabled new on line companies to enter the music retailing market. * Piracy and the potential explosion of illegal copying from the Internet and other broadcast systems ...
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