Pandoras Business Essay Example | Topics and Well Written Essays - 750 words

Pandoras Business - Essay ExampleAs the report outlines, it also offers advertising and premium subscription where companies can put advertisements to target certain people. Customers can also grease ones palms subscriptions for a few dollars a month to omit the ads. High cost of operating and other cost such as inconsistency costs means that Pandora does non have full market control. In time, Pandora will not enjoy market advantages since it will have less control of the market imputable to the evolution of the mobile era. More of the unison downloaded is normally done illegally without the knowledge of the artists or the music labels. This has turned into a normal type of crime. Most people download songs for free and see no harm caused to the artists and record labels who normally incur losses for their work. With time, mobile revenues will improve since the world is go to a more digitalized era. This means that the company should sell it premiums directly rather than relying on 3rd parties who be normally associated with other costs. The copyright law which is the body protecting artists work from beingness copied without their authorization should intensify and rise with expert legislation which would see the reduction in piracy. The legislation is good for the music industry since Pandora is able to pay the artists and record companies. Pandora pays hundreds of millions to artists and labels. At least of the royalty rate is clean and reasonable of which both parties do benefit. Pandora can make a profit, and the artists and music labels also generate some(a) income. Record labels are things of the past. Music labels and online stores should be able to pay artist much more fairly. They should not rely on producing CDs since they are things of the past and the world is changing. Hopefully more and more artists will revolve getting record contracts.