Frbiz Discusses Online Music Development Trends

2010-10-29 17:05 1602

BEIJING, Oct. 29 /PRNewswire-Asia/ -- Frbiz reports that 2010 album sales will slowdown seriously. Illegal online pirating of digital music continues to develop, and record companies are still struggling to claim broadcast and performance rights.

How should the music industry further develop and regulate the online music market?

In reviewing the past decade of music development, 2005 stands out as a year when record companies began to take advantage of the gold mine that is digital music.

Digital music has three main methods of business turnover: First, based on traditional PC Internet advertising models, advertising can provide revenues. The second revenue method is through the purchasing of music available online. Thirdly, a new mobile wireless Internet has produced another sector to target consumers.

Digital music companies gather genuine user groups, expand these user groups to 100 million individuals, and then begin to charge a small percentage of this group for services and products such as music games and digital music products.

Wireless music, at its most basic, is simple music content. In the future, users may spend more time playing music on mobile phones, which will appear in car terminals, game terminals, family terminals and so on.

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Keywords: Retail