Music in electronic markets: an empirical study.

Klimis, G.M., Wallace, R. and Kretschmer, M., 2001. Music in electronic markets: an empirical study. New Media & Society, 3 (4), pp. 417-441.

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Official URL: http://nms.sagepub.com/cgi/content/abstract/3/4/41...

DOI: 10.1177/14614440122226164

Abstract

Music plays an important, and sometimes overlooked part in the transformation of communication and distribution channels. With a global market volume exceeding US$40 billion, music is not only one of the primary entertainment goods in its own right. Since music is easily personalized and transmitted, it also permeates many other services across cultural borders, anticipating social and economic trends. This article presents one of the first detailed empirical studies on the impact of internet technologies on a specific industry. Drawing on more than 100 interviews conducted between 1996 and 2000 with multinational and independent music companies in 10 markets, strategies of the major players, current business models, future scenarios and regulatory responses to the online distribution of music files are identified and evaluated. The data suggest that changes in the music industry will indeed be far-reaching, but disintermediation is not the likely outcome.

Item Type:Article
ISSN:1461-4448
Uncontrolled Keywords:copyright, disintermediation, electronic market hypothesis, information society, MP3, music industry, piracy, publisher, record company, risk finance, scenario analysis
Subjects:Social Sciences > Law
Arts > Music
Group:Business School
ID Code:1265
Deposited By:INVALID USER
Deposited On:11 Dec 2007
Last Modified:07 Mar 2013 14:36

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