MP3 technology and its impact on the music world

Authors

Morris, Robbie

Issue Date

2003

Degree

BA (Hons) in Business Information Management

Publisher

Dublin Business School

Rights

Items in eSource are protected by copyright. Previously published items are made available in accordance with the copyright policy of the publisher/copyright holder.

Abstract

The purpose of this paper is to analyse MP3 technology, from its benefits to its limitations and explain how music is taken from a CD and ends up available to millions of internet users. The issue of piracy is also debated. It is an issue of increasing significance for record companies and copyright holders alike. The various methods in which the record industry are attempting to curb the high levels of piracy are also discussed and analysed, from the development of technology to legal issues, and from developing new business models to exploiting digital distribution for their own benefit. Also, this paper will analyse the changes in the industry that have been directly brought about by the introduction of MP3 technologies.