You Still think this doesn’t Affect You?

The main controversy that has messed up the music industry has to be the issue about Royalty Rates. Royalty Rates plays a very critical role in prices and consumer bargaining power. Music labels seek higher royalty rates while music fans demands for lower CD prices. This is where the Recording Industry Association of America (RIAA) made a blunt decision to lower Artist Royalties and price fix the music. While the Music Labels are laughing all the way to the bank! This led music fans to purchase music online and most of them turned to P2P File sharing. Even so, RIAA raised prices in digital music in effort to capitalize on the demand for legal online music. RIAA doesn’t realize that digital sales will help to boost the music industry. Where do you stand in this issue? Do you really think that lowering the Artist Royalties and having price control will save this industry? Before you make your decision, take a few minutes of your time and check out this video.

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