The music industry now offers all forms of digital distribution, which gives its consumers an ever-expanding choice of music offerings. The way record labels worked earlier has changed now, and their main focus is on investing on the artists, creating a good value of music talent and bringing music to a global audience without any barriers. And they are able to do this by using the incredible potential of online services like streaming so as to better understand and engage with consumers.
Over the years of transition in the music industry, one important issue that has been seen is that of value gap. It is one of the biggest constraints for revenue growth of artists, investors and all music right holders. The digital world has made labels more, not less, important in generating value for artists, which creates a value gap. The value gap is in reference to the gross incongruity between music being enjoyed by its listeners and the actual revenue being returned to the music community.
The increase of piracy since the advent of internet has been ground breaking. What merely started as P2P sharing has become so huge today that it has actually impacted the Indian music industry. India- Music Piracy & Copyright Infringement Report, 2018 focuses on addressing the problem of increasing music piracy in the digital space. The easy accessibility of the internet has paved out many ways through which pirated content can be distributed without any barriers.
The report has focused on all the stakeholders of the music industry by explaining their rights and liabilities. It has also explained in detail the existing legal frameworks that regulate the copyright protection and violation in India.
The growth of music consumption is not enough, rather the value returned to the music community is vital too, so that there is funding for future innovation and creativity. The whole music sector along with the policy makers should work together in a united manner to bring further alterations and solve the issues like value gap and piracy.
The report has provided various recommendations that are very beneficial to the record labels and music artists. It gives a holistic approach of the issue of music piracy and all the related nuances. The research is based on the crucial aspects of legal scenario, technological advancements, economical ramifications and its impact on the larger society.
The report has stated in detail the evolution of music piracy in India and its current state in the age of streaming platforms. Along with that it also specifies how the industry is embracing these perpetual changes.
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