Record labels should start getting involve in the Net

We already know how important the Internet has become since this past decade. The record labels have been having a lot of problems with the Internet. Their sales have dropped down a lot as a result of piracy. There is always some way in which you can download a song. Record company’s annual revenues have from music sales have been decreasing every year as a result of piracy. The problem is that the Internet is worldwide so it is going to be very hard to shut down the millions of people that are online at all different hours.

Recently in April, a couple of record labels and MySpace have been meeting up and now are cutting a pretty good deal I believe. Since the CD sales have dropped as a result from the fans, which the majority gets songs off the Internet, Warner, Sony BMG, and Universal have gathered together and managed to get a joint venture with the giant networking, MySpace. As we already know, MySpace is one of the sites that have more social networking in the world. The deal their cutting in is that MySpace music will let people listen to music and watch video for free online but at the same time you can buy merchandise, concert tickets and music just the Apple is doing through iTunes.

I believe that the music culture has to adapt to this change because is a new era and the people now are very dependant to technology or in other terms the “digital culture.” The record labels need to understand that they would never beat piracy, there is no way of stopping it. So I support their deal since I believe it is going to bring them more equity and also ad income.