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The future of the music industry

I hate to say it, but I think the CD has a good 5 to 10 years left before it is fazed out. I cannot remember the last time I bought a CD. I think of it as a stone age type item. Why buy a CD when my iPod can store much more and I can hook my iPod up anywhere including my car. Plus with apps like Pandora, I can listen to anything I want, anywhere I want. The CD is useless in my opinion. Also, many more musicians are becoming successful independently now as well. Costs can be pretty low when releasing a CD anymore. If you go the digital route only, you have no CD manufacturing costs and you can make a killing selling downloads.
I think the future looks like this. Music will be either extremely cheap for a download or even free. Major labels will be used for strictly promotion and financing tours. Artists will make the majority of their money from music licensing, touring and merchandise. The labels will share in that profit. Indie artists with a solid fan following will make a ton of money in the future. With social networks like Twitter, they can instantly promote and share news with fans. They can give music away free and make a killing on music licensing, touring and merchandise.
This may not happen for another 15 to 20 years, but unless they find another medium like the CD that fans are willing to shell out money for, I think this is where things are heading.

Artists and bands be sure to submit your music at these radio networks.
www.hardcorejamz.com (Playing Hip-Hop and R&B)
www.hardcoremix.com (Rock,Pop,Country,Jazz,Electro,Gospel and more)
Submit music on either site.


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