Posts

Showing posts from January, 2015

Hawaii Music Economics

Image
File Sharing birthed the Digital Music Realm Hawaii File Sharing changed the music industry forever by shifting money away from the record companies and to the people where people would listen to music and have it on their computer instead of on a physical media like compact disc. Prior to this these old things called Record Stores that had a library of Records, Cassettes, and Compact Discs, with music albums going for $20 in (1999) is worth $37.00 (2025) vs the industry standard of today $13.00 (2025), which was $7 in (1999). Music sharing would continue with Kazaa, Limewire, and this was due to record companies not paying their artists enough and fans wanting prices to go down with the hype of next-level technology that would clear space in their homes by having files instead. Compact Discs for example would go from 13 songs being on there to over a 100 songs and people were writing compact discs like crazy, so there was an obvious need for: respect for people’s home storage, reasona...