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Music Economy

by Borhan Mahmud on July 18, 2011

 

New Music Economy is a term describing the emergent social, technical, political and economic context of the creative industries. This shift in context has been fueled by concurrent evolution within an ecosystem of interdependent technologies, institutions, and individuals; the result of which impacts the nature of creative property, identity, production, distribution and imagination.

 

The term New Music Economy is evolving out of new consumer behavior, methods of promotion and sales.

 

Notable changes in the economic stability of the music industry started in the late 1990s with the advent of P2P file sharing. The Long Tail theory is a benchmark in the music industry for new economic concepts. The nuance of infinite shelf space opened up economic opportunity for independent record labels around the world. The term New Music Economy first emerged in 2007.

 

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Tim Westergren (Founder & CSO, Pandora) & Gideon D'Arcangelo (New York University) lead an event March 13, 2007 in Palo Alto, CA titled "Social Interactions in the New Music Economy"

  

Venture Capitalist Fred Wilson began using the term "New Music Economy" in his blog on April 4, 2008.

   

The San Fran Music Tech Summit used the term "New Music Economy" as a title of a Marketing Panel on May 8, 2008. The Panel & Audience of thought leaders attempted to create a formal definition for New Music Economy. The group wrote a list with 12 necessary components in defining the term New Music Economy:

        Music Licensing

        Co-Marketing

        Branding

Music, the language of the soul, is as old as humanity. It's no secret that people love music. While taste in music differs from person to person, almost everyone enjoys some type of music. But by common observation, professional medical practitioners have linked music to our well-being and general health. A recent study concludes that listening to music has positive health effects on people of all ages.

The therapeutic benefits of music can be traced back in time to ancient shamanistic rituals. Music, as tool of healing was recognized in the writings of Pythagoras, Aristotle and Plato. They believed that it can influence physical, emotional, cognitive and social well-being and improve quality of life. Below are music's health benefits explained in detail:



Pain Killer: Music has the ability to reduce pain through release of endorphins which act as natural pain killers. It can also divert attention away from the pain and encouraging relaxation. According to a study published in the Journal of Advanced Nursing, listening to music daily can reduce chronic pain by up to 21 percent. The study also found that listening to music made people feel more in control of their pain, reduced depression, and made people feel less disabled by their condition.



Reduces Stress: Stress has been associated with many illnesses, including several mental illnesses that seem to occur only in people with exceedingly high stress levels. In a study conducted, subjects were made listen to a half-hour of soothing music twice daily for two weeks. It showed significantly greater reductions in stress and anxiety levels in the subjects.

Types of Music

by Borhan Mahmud on July 18, 2011

Music is generally described as "organized sound". Music expresses our feelings as well emotions in a melodious and pleasant way.

 

Different types of music help in soothing one’s disturbed soul, in the growth of concentration and also enliven us to live life to the fullest. There are varied genres of music as people have different tastes. For e.g., classical music, rock, jazz, metal, rap, folk etc. But the objective remains the same. The aim of all music is to touch the core of the heart and thus music can be called an expression of our heart’s saying. To understand and know about different genres of music, let us have a look at the following genres.



Different Music Genres



Classical Music: Classical music is a complex form of music as it requires high musical skills, like learning the ragas and ability to coordinate with other musicians. One has to maintain the complex relationship between its emotional flows. If you wish to learn this music, then you have to go through proper training.



Rock Music: This music genre originated in the rock and roll era of 1950s. The vocals are accompanied by guitar, drum and bass. (Read information on musical instruments.) Certain rock groups also use piano, synthesizer, saxophone,