Within Social Media, The Music Industry or any Industry for that matter copyright, licensing and ethics play an important role.  If we take the music industry as an example these terms play an important part, as with the old analogue record contracts the artist was tied to the record company and so with any record sold the majority of the sale went to the record company however a small part of the sale went to the artist.  Before the days of the digital era this is how artists made money as their records were on sale for £10 plus.  However as we are now in the digital age these old analogue contracts are not much good because now people can buy individual tracks or albums from sources like Itunes, however even though the work is still copyrighted the arists are getting less and less because of file sharing hence why older bands are stating to tour again so that they can gain revenue from ticket sales and merchandising as these are the main two ways that bands make money. Continue reading