Tuesday, 20 May 2008

Week 11~Does The Music Industry Create The Market?

There is a fine line between the music industry and the consumer as to who really creates the market we listen to, obviously if we didn’t have the industry we wouldn’t have anyone to create the market as there would be no music anyway but if they didn’t have the consumer then there would be no point in having music in the first place. The two separate components need each other to work. Out of the two however I believe that the consumers create the market more than the music industry, if the consumer doesn’t like the product, the industry will get rid of it. When boy bands first arrived one part of the music industry would have been producing it but when they discovered how much of a hit it was, more parts of the industry got involved creating this market of competition but as consumers begin to grown bored with boy bands, the market withdraws again proving that its predominantly the consumer that does help create the market in the first place.

1 comment:

Scaletlancer said...

I would have to disagree with your assumption that without the market there is no music. I would also say that much of the argument that you use to support the idea of an empowered consumer could quite easily be mobilised to illustrate an excessively powerful industry.