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How has the Internet and Social Media Changed the Music Industry?

Souce: http://socialnomics.net/2014/07/23/how-has-the-internet-and-social-media-changed-the-music-industry/

The internet has transformed the world and the music industry as we know it. Before everybody was hooked up to the World Wide Web, the music scene was a very different place. Twenty years ago, consumers relied more heavily on CDs, The Charts and the radio. It was a time when mix tapes were rife and people brought CDs or cassettes to parties.
Advancements in technology meant that hard copies of music were no longer a necessity- the introduction of the digital mp3 pushed out the requirement to own CDs. Similar to mix tapes, listeners would borrow a friend’s CD, copy the music to their computer and have an electronic copy of the CD.

 

Souce: http://socialnomics.net/2014/07/23/how-has-the-internet-and-social-media-changed-the-music-industry/