Since the late 90’s, the music industry has had a period of transition
from physical to digital distribution. More recently, digital distribution for
downloads has been affected by the advent of streaming services such as Spotify
and Deezer. Technological
evolution may lead to other forms of distribution, which may potentially have
an impact on the company, which will closely monitor all market developments in
order to find a timely reaction. At present, the EVEARA’s translation tool
is well positioned to meet all distribution methods.
In the past, music
expenditures have been affected by the economic condition of the respective
countries. EVEARA’s products are
geared toward artists and other music rights owners, which will endeavor to
sell their productions regardless of the economic environment. While EVEARA’s cost effective software in times of economic downturns will have an advantage over less
economic competitors, economic downturns may also affect the success rate of
EVEARA.
