The purpose of this thesis is to emphasizes the importance of music utilization in the music industry, and aims to clarify the need for current distribution structural change. The music industry repeats the development and decline of certain industrie...
The purpose of this thesis is to emphasizes the importance of music utilization in the music industry, and aims to clarify the need for current distribution structural change. The music industry repeats the development and decline of certain industries, and determining the success of changing industries is to accept and apply the changing times. Technology that develops with the times can be confirmed through the Industrial Revolution. Advanced technology has influenced the field of music production, i.e., the means of music utilization have been developed. Developed means of music use have become the main means of use of the times and have changed the way people use music. Digital sound sources that convert simulated music into digital files have emerged, and digital sound sources have evolved into streaming services. Streaming services have changed from owning music to consuming music.
Due to the characteristics of digital sound sources and the advantages of streaming technology, the distribution of music has become more convenient than before, but the digital music market has begun to form and rise. Some companies with streaming service platforms have monopolized the digital sound source market and created a distribution industry-centered distribution structure that pays half of the proceeds from digital sound source sales. The distribution structure of creators who sell their own creations has a negative impact on creators because their profits are less than those of the distribution industry. The distribution industry has maintained its existing system without showing any willingness to improve. If there is no fundamental solution to the distribution structure, it will lead to the withdrawal of creators, which will affect the entire music industry.“
The music industry is showing signs of change after streaming. New technologies improved by the Fourth Industrial Revolution have begun to change the field of music production. Artificial intelligence will be used in the field of music production to produce music without specialized knowledge, representing the changing use of new concepts. NFT is attracting attention as a new technology to develop changing forms of music use. NFT is a cryptocurrency that enables security and authentication of the original with blockchain technology. NFT is a technology that has rapidly increased interest, with trading volume and market value soaring. The difference between the NFT and the distribution structure currently traded in the market and the distribution structure using existing streaming services is expected to improve the limitations of the existing distribution structure. In addition, it is expected to become a new digital sound source suitable for changing music usage.
The music industry should not be biased toward either side, but should be constructed to create a virtuous circle of the entire yen belonging to the industry. A virtuous cycle will be the beginning of a sound music industry that benefits both diversity and industry members. I hope that the music industry will develop into a healthy music industry that can coexist with all participants. Key word : Digital Sound Source, NFT, Fourth Industrial Revolution, Sound Source Distribution, Metaverse