Technologyis growing rapidly leading to the establishment of digital radiostations that the RIAA considers a real threat to the recordingindustry. The recording industry has regulated customers’ access tomusic by funding musicians to record music (Travostinoet al., 2012).The recording industry had converted music into a business whereby itpromoted and sold copies to music fans. The digital radio stationsprovide a variety of download stores and streaming where customeraccess millions of music from different artists across the globe. Itis a threat to the recording industry because music fans are notbuying music from these stores but instead they download the music oftheir choice from the internet free of charge. The recording industrybusiness model is outdated because there has been advertisement ofnew technologies that provide music of high standards as compared torecorded music (Travostinoet al., 2012).The continuous investment and promotion of musicians has enabled fansto get access to new tracks as well as reaching them in all theplaces.
TheVoice over Internet Protocol is a form of communication using theinternet protocol instead of other common systems. The demand forVoIP services has increased over the years and the disturbingquestion is whether the Federation Communication Commission shouldcontrol the VoIP (Travostinoet al., 2012).There were numerous petitions filed by AT&T and the NationalTelecommunications Cooperative Association. The AT&T demandedthat the FCC should do away with the old regulations and use minimalregulations on VoIP services. In addition, the AT&T said that theregulations by FCC will do more harm than good and they do not havethe authority to regulate these services. On the other hand, NTCArequests FCC to analyze their ways of promoting a switch to VoIP andthe establishment of tailored economic incentives (Travostinoet al., 2012).These incentives include providing an enabling environment thatallows firms to recover the expenses of switch to IP tariffs. The twoinstitutions do not want FCC to regulate VoIP and it appears to be acase of technology outstripping its regulations. New technology hascomplicated issues that cannot be controlled using previous analogrules unless revised.
Travostino,F., Mambretti, J., & Karmous-Edwards, G. (2012). GridNetworks: Enabling Grids with Advanced Communication Technology.Chichester: John Wiley & Sons.