Challenges ahead for China's potentially lucrative music industry Life Upclose
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- Society & Culture
It's no doubt that China looks like an Eldorado for people working in the music industry: 1.4 billion inhabitants and their ever-improving living standards. Currently, the country is home to more than 950 million mobile internet users, who are creating a huge demand for quality digital music. Trying to tap into such market potential, a great many domestic and foreign music companies are presenting a variety of music choices for the online consumers. But profits seem to be evading them at the present.
It's no doubt that China looks like an Eldorado for people working in the music industry: 1.4 billion inhabitants and their ever-improving living standards. Currently, the country is home to more than 950 million mobile internet users, who are creating a huge demand for quality digital music. Trying to tap into such market potential, a great many domestic and foreign music companies are presenting a variety of music choices for the online consumers. But profits seem to be evading them at the present.
24 min