While many musicians in the industry (particularly legacy artists) may like to rage against the digital machine, the reality is that this new era of music, while it reduces or closes off many traditional sources of revenue through music sales, creates a number of important new opportunities for those willing to embrace them.
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In this newest piece on MusicThinkTank, contributor Gideon Waxman examines both the dark and light sides of this new digital age of music business.
“The music industry comprises hard working and talented musicians and songwriters who spend their time, effort and resource honing their craft to compose as high quality pieces of music as possible. Unlike Waters and his peers, most modern day songwriters are no longer able to reap the financial rewards and security from writing music that was achievable before the existence of piracy.”