Over-commercialization of the Music Industry

Over-commercialization of the Music Industry
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The music industry makes for one of the ancient arts industries transcending over the civilizations and revolutions witnessed in the history of humanity. It makes for an essential aspect of society characterized by its wide range of roles in shaping and defining the social, political, economic, and cultural societal dimensions. The industry accounts for ingenious creations of diverse genres of art, with each equally playing unique roles across the outlined dimensions of society. The industry thrives on the various music compositions across the different societies and their consumption by the masses. Musical artists or musicians around the world play the central role in delivering musical contents for the different genres. The diverse tastes and preferences of consumers for the different music genres also make for an integral factor in the growth and development of the industry over the years. The production of music and its mode of supply to listeners or consumers makes for the other key elements of the music industry. Accosting the outlined elements of the music industry are various transitions accounting for its evolution to the conversion of music into a commercial product. The commercialization of music accounts for significant changes in the industry, eliciting diverse views and opinions on the impacts of the industry’s commercial evolution. The production and distribution of music for maximum profits is characteristic of increased competition in the music industry promoting its over-commercialization. The new trend attracts commendation from the industry's key stakeholders, claiming increased revenue generation for artists or musicians from the broader consumer base developed through increased commercialization. However, a critical evaluation of the increased commercialization reveals a contrasting view highlighting its adverse impacts on the music industry. The negative social, cultural, political, and economic implications of increased commercialization of the music industry outweigh the perceived financial opportunities it creates for the musicians and the widespread supply of their productions.
The quest for maximum generation of profits from the music industry accounts for increased competition among the corporate organizations or entities investing in the production and distribution of music. These corporations thrive on the advancing telecommunications technologies to overcome the geographical barriers and establish global networks to control the production and distribution of music across diverse societies around the world. Multinational corporations such as Sony and BMG, for instance, enjoy large market shares in the increasingly lucrative industry. These multinational corporations in the music industry have enhanced the distribution of diverse music styles from different cultural backgrounds, thus aiding in the cultural globalization of music as an essential aspect of society. Pop and rock music from Western countries, for instance, easily find their way into other parts of the world. The West can also sample music productions from other artists in the developing world, thus encouraging cultural awareness and tol...