Final answer:
Technology has had a significant impact on the music business by expanding the opportunities for independent music production and distribution, lowering the barriers for entry and allowing artists to reach a global audience.
Step-by-step explanation:
An accurate statement about the influence of technology in the music business of today is that it has expanded the avenues for independent music production and distribution. With technological advancements, the barriers to enter the music industry have lowered significantly, enabling independent artists to record, produce, and distribute their music directly to a global audience through digital platforms.
This has led to an increase in diversity and the ability for artists to reach their listeners without the traditional gatekeepers of the industry. Additionally, music and other media have become increasingly digitized, resulting in lower manufacturing costs and global dissemination of content. Furthermore, these changes have enabled small firms to compete on a larger scale, altering the dynamics of the industry.