Music business can also be defined as a music industry which operates within the organizations where musician compose and perform the music. There are several issues facing by the music industry. It is the industry in which companies and individuals make money by creating and selling the music. In today's digital world there are several music instruments which ease the performance of all the musicians (Radbill, 2012). The major reason behind the recent development in this industry is the use of digital technological equipments. Initially artist made money from record selling, album selling etc. but somewhere it is the major reason behind the decreasing profits of this industry. The profits of music industry have been fallen 60 percent in the last decade. One of the major reason behind this is that when music was made of polyvinyl chloride, it was hard to steal (Lieb, 2013). But with the changing time downloading and sharing music files becomes it easy to copy. The present study is mainly concern about the digital technologies that have changed the music business. It also tells about the copyrights as all the rights of the artist should be protected. Technology has become the great equalizer of the entertainment industry but sometimes it may leads to decrease the performance of this industry (Macmillan and Jermance, 2003).
One of the major focus of any music industry is to make profit from work and creativity. Artist of this industries have their own creativity which helps them in making their own music files. Music copyrights are protecting a basic form of ownership to which musicians are entitled. Legal aspects of the music industry determines so that no one can easily stole the music (Tschmuck, 2012). Copyright is a legal form of protection and it has been given to many kinds of created work. It may be different songs, lyrics or records. It is the process through which musician can protect both songs as well as recordings. In this process there is a registering process in the copyright office may be desirable (Jones, 2012). There are mainly two types of music copyrights:
Sound recordings: It comprises with the recorded sound that appears on a compact disc.
Musical works: The copyrightable musical work come up with both the music and the lyrics to a song. It may be represented by both of the separately (Meisel and Sullivan, 2002).
It is essential to register the copyright by the artist in order to obtain the protection. It is the protection and enables the artist to take legal actions if someone uses their work without taking their permission. There are various norms under which he got punished or the it makes them eligible to receive statutory damages (Wikstrom, 2014).
Consequentialist justification represents is seek to justify the best situations through which people are happy or fulfilled by all the possible situations. It helps the produce the best result for the society and it has been defended against the charge. Work by the deontologist conjoined with a perspective deployed by several economies. It is based on the relation between the social costs (Seifert and Hadida, 2006It is very important to set out the copyrights of all the files in order to keeping it secure.
Digital right management is a term which is used to controls access to copyrighted material using by several technological means. For the lifetime safety of the music industry it is necessary to set out the DRM. The transition form analogue to digital forms of music distribution it has been resultant into the format which are redistributed throughout the loss of quality (Field, 2010). In some digital music there are several used DRM that are defined such as iTunes downloads. It is no longer implemented in the CD's. in the last decades DRM used for the purpose of security and encryption through which industry can solve the issues of unauthorized copying. It mainly works in several ways and the main aim of this is to provide high security (Radbill, 2012). It is depend on the type and medium through which publisher wishes to impose. It can be also defined as a copy protection or copy control. DRM system sometimes encrypt the material in such a way that only a particular device can play or retrieve it. It is the major problem facing by several music composers. Most of the time consumer see the DRM methods as overly restrictive and it is mainly employed in the music and movie industries. Traditional copyright law by obsolete in practice determines at the time when people try to download the file from the internet over file sharing network (Seifert and Hadida, 2006). Most of the time they have downloaded the copyrights songs from a free file sharing network instead of buying the CD. It is perfectly legal for them to make a copy of it for their own use. It is used as a proper security and authenticity of the copyrights.
Streaming services is one of the contemporary practices that are being followed in music industry with the rise in technological advancements and it gradually helping musician and music company in minimizing the chances of piracy and thieving. However, it affect the interest of listeners because they have to incur cost again and again for listening streamed songs (Meisel and Sullivan, 2002). No doubt cost is not for accessing music but internet cost is the one that needs to be incurred every time. However, its positive impact is that music firm is able to safeguard their assets and also able to incur regular profit. It will help the company to increase their profit margin by several means. They can provide the high quality sound to all their customers. It will help them in increasing their market share and profit margin. Therefore, it can be state that streaming services possess both advantages and disadvantages to different participants (Wikstrom, 2014).
From the above discussion it is concluded that technology have changed the way through which individual can listen the values of the recorded music. In present time digital technologies have change the music business and it have increase several issues related to its privacy. Before the age of digital media people used to purchase the vinyl album to record the music. These albums were a great quality of sound. But with the changing time people have change their proprieties they can directly download it from the internet. DRM is a technology which is used for the copy prevention and copy control.