Future of the Latin American Music Recording Industry

A recent television commercial for the Honda motor cars complete the dialogue of features and benefits of new products with three words from the product spokesperson. "This changed everything" is uttered in astounded disbelief as the person discovers that the new products and services are a breakthrough in the particular product line. The same astonished statement must be applied to the music industry, in the wake of Napster's success, home digital recording equipment, the Internet's ability to distribute music globally with the click of a mouse button, and the technological toys which empower this new digital music distribution platform.

The music industry can no longer operation in a 'business as usual' frame of mind. The music industry must not only adapt, but significantly create a new distribution system which includes the ability to regulate and profit from internet music distribution. Otherwise the...
[ View Full Essay]