Music labels continue to look for new ways to earn money in the face of decreasing cd sales. Digital track sales, like those from Apple’s iTunes Music Store, were up 27 percent from 2007, breaking the $1 billion mark for the first time in 2008. However, according to Nielsen Soundscan, just 428 million records like LPs, CDs, and online albums were sold – down 14 percent from 2007. As recently as 2005, 619 million records were sold.
There are more options than ever to listen to free music online, such as MySpace Music, Imeem, Last.fm, and Pandora. It appears clear that music on demand is going towards the afternoon of free streaming whenever and where-ever men and women want to listen, and artists and labels want to find ways to make music experiences for their lovers they are ready to spend money on.
What people have been willing to cover is a special experience where they can engage with an artist’s music in a way which cannot be copied at any cost. By way of instance, fans like to see live music since they cannot replicate that experience in the home. Ringtones have been popular for over a decade. People are still willing to pay to join fan clubs due to perks such as a closer relationship to the artist.
Among the most promising areas for arcade music earnings growth is blending music with games. There have been over 30 million downloads of songs in Rock Band because fans to want to rock out to their favourite tunes in game play. Guitar Hero has had over 40 million downloads and is currently a $2B franchise. What’s remarkable is that players have demonstrated a willingness to pay for individual songs for use in music games despite them frequently costing double the purchase price of a typical digital download.
In Reality, Aerosmith Claims to have made more money from licensing its music to Guitar Hero than from some of the group’s previous recorded records. Even electronic holdouts, The Beatles, will be releasing a Rock Band variant of their own. More music games will be coming soon, such as Band Hero for family gaming and DJ Hero that delivers turntable and record scratching games in a struggle for success in a virtual nightclub.
Other popular music Games include Dance Revolution, Jam Legend, and Tap Revolution that’s among the most popular iPhone applications. SingStar is a competitive karaoke video game set that requires players to sing along with music so as to score points. Loudcrowd supplies a continuous stream of music set to a connected collection of music-themed games. Through game play and Interaction with other people, users can make or buy many different virtual products including apparel for their personality and music tracks which may be collected for drama and competition within the website. Best selling artists fall out Boy created an artist themed game.