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Is File-Sharing the Real Nemesis? Additional Economic Mechanisms in the Music Industry and Their Impact on Value |
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Abstract:
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This investigation focuses on production-oriented mechanisms that influence the economic value of the music industry. It examines how artist rosters, the elimination of CD singles, and the economy affect industry sales. It also describes how new media sales, increases in artist, marketing and production costs, employee lay-offs, the end of the CD-replacement cycle, changing demographics, and used CD sales influence profits for the big 4 music companies. This paper argues the net result of sales decreases during 2000-2003 did not mean the music industry was losing massive amounts of money, nor did it mean it was going “out of business.” Several of the big 4 music companies increased their profitability between 1999 and 2003, which suggests file-sharing has had a minimal impact on industry net worth. The author suggests the music industry will be around for some time to come. |
Most Common Document Word Stems:
music (155), sale (99), industri (98), cd (51), 2003 (47), increas (42), market (39), also (37), profit (35), media (34), compani (32), 2002 (29), new (28), time (27), price (26), share (26), valu (26), 2001 (25), million (24), use (24), 2000 (24), |
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Association:
Name: International Communication Association
URL: http://www.icahdq.org
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Citation:
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MLA Citation:
| Park, David. "Is File-Sharing the Real Nemesis? Additional Economic Mechanisms in the Music Industry and Their Impact on Value" Paper presented at the annual meeting of the International Communication Association, Sheraton New York, New York City, NY, <Not Available>. 2008-10-10 <http://www.allacademic.com/meta/p13035_index.html> |
APA Citation:
| Park, D. J. "Is File-Sharing the Real Nemesis? Additional Economic Mechanisms in the Music Industry and Their Impact on Value" Paper presented at the annual meeting of the International Communication Association, Sheraton New York, New York City, NY Online <PDF>. 2008-10-10 from http://www.allacademic.com/meta/p13035_index.html |
Publication Type: Conference Paper/Unpublished Manuscript
Abstract: This investigation focuses on production-oriented mechanisms that influence the economic value of the music industry. It examines how artist rosters, the elimination of CD singles, and the economy affect industry sales. It also describes how new media sales, increases in artist, marketing and production costs, employee lay-offs, the end of the CD-replacement cycle, changing demographics, and used CD sales influence profits for the big 4 music companies. This paper argues the net result of sales decreases during 2000-2003 did not mean the music industry was losing massive amounts of money, nor did it mean it was going “out of business.” Several of the big 4 music companies increased their profitability between 1999 and 2003, which suggests file-sharing has had a minimal impact on industry net worth. The author suggests the music industry will be around for some time to come. |
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| Document Type: |
PDF |
| Page count: |
28 |
| Word count: |
6888 |
| Text sample: |
| IS FILE-SHARING THE REAL NEMESIS? ADDITIONAL ECONOMIC MECHANISMS IN THE MUSIC INDUSTRY AND THEIR IMPACT ON VALUE Abstract This investigation focuses on production-oriented mechanisms that influence the economic value of the music industry. It examines how artist rosters the elimination of CD singles and the economy affect industry sales. It also describes how new media sales increases in artist marketing and production costs employee lay-offs the end of the CD-replacement cycle changing demographics and used CD sales influence profits |
| January 31). Music and Copyright Issue 198. Universal Music Group. (2003). Hoover’s Company Database (Hoover-no 100557). US slowdown points to 2% fall in value of global soundcarrier sales. (2001 January 31). Music and Copyright Issue 198. Why Experts are Predicting the Imminent Demise of the Modern Music Medium. (2003 April 24). The Janesville Gazette 5-16. World Soundcarrier Sales Rose 1.5% 1999 in Constant Dollars to $3.8BN. (2000 May 10). Music and Copyright Issue 181. 27 1999 World Soundcarrier Sales |
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