The use of new technologies is something that has always influenced developments within the music industry. This paper examines, first, the extent to which technology affects the very existence of this industry, within an ever-changing economic environment. Secondly, it explores the areas within the music industry that have been most affected by this new technology, and thirdly, the views of people involved in it. The purpose of this paper is to present the economic impact, whether positive or negative, on the technological sectors of the music industry, based on specific literature and the use of a questionnaire distributed to 50 people from various professional backgrounds in the Greek music industry.
It gives a presentation of the overall situation of the music industry and the impact of technological developments on individual sectors of the music industry today throughout the world. Meanwhile, it focuses more specifically on the state of the music industry in Greece and looks at the implications of the use of technology in areas such as production, distribution, promotion and consumption.
Finally, it concludes by making recommendations and suggestions to improve the overall effectiveness of the music industry in Greece, both in terms of financial results and from the consumer's point of view.