The Economics of Music

Professor Peter Tschmuck author

Format:Hardback

Publisher:Agenda Publishing

Published:8th Jul '21

Should be back in stock very soon

This hardback is available in another edition too:

The Economics of Music cover

The music industry is one of the most dynamic and fascinating business sectors. Its business model has had to evolve and adapt to continually changing technologies that impact at every level from distribution to artist management. Its latest challenge has been the closure of live music venues during the Covid-19 pandemic.

The second edition of this much used introduction to the economic workings of the music business has been updated to include analysis of the impact of the pandemic as well as new trends in the industry, such as the increasing dominance of tech companies and big data and the growing importance of collective management organizations as market players, which has impacted on new business contracts. At a time when live performance outstrips music sales as the primary source of income for today’s musicians, this new edition also examines how different stakeholder positions have shifted.

The book remains a rigorous presentation of the industry’s business model, the core sectors of publishing, recording and live music, and the complex myriad of licensing and copyright arrangements that underpin the industry. The revenue streams of recording companies are analysed alongside the income stream of artists to show how changing formats and distribution platforms impact both industry profit margins and artists’ earnings.

Comprehensive and well documented, drawing on the author's prodigious knowledge of the industry.

-- David Throsby, Times Literary Supple

ISBN: 9781788214261

Dimensions: unknown

Weight: unknown

264 pages

2nd New edition