The economics of music
By: Peter Tschmuck
Series: The Economics of big business; Economics of big business
Published: 2017
Language: eng
Number of pages: 224
ISBN-13: 9781911116080; 9781911116073
Subjects: Music trade; Music; Economic aspects
Description: "The Economics of Music provides a concise and rigorous presentation of the economics of the music business. It highlights the economic principles that govern a business that is an economic good protected by copyright law. The core sectors of the industry - publishing, recording, live music - are examined and how they operate together through a myriad of licencing arrangements. The revenue streams for recording companies are analysed alongside the income stream of musicians to show how particular formats and platforms affect profit margins and how live performance now outstrips music sales as the primary source of income for today's artists. The book shows how a combination of established publishers, new promoters and a new generation of music providers has created a heady mix of competing and collaborative economic models. Add to this a growing DIY culture among musicians and the ever-changing behaviour of consumers and, as the author shows, we have the most challenging of economic landscapes but one nevertheless capable of generating huge returns."
Notes: Includes bibliographical references (pages 198-209) and index.
Table of contents: title: Introduction; title: A short economic history of the music business; title: Microeconomics of music : music as an economic good; title: The economics of music copyright; title: Music publishing; title: Sound recording; title: Live music; title: Secondary music markets; title: Music labour markets; title: Economics of the digital music business; title: Conclusion.