{"product_id":"economics-of-music-second-edition","title":"Economics of Music SECOND EDITION","description":"\u003cp\u003e\u003c\/p\u003e\u003cblockquote\u003eThe music industry is a dynamic and fascinating business sector that has had to evolve and adapt to changing technologies. The Covid-19 pandemic has closed live music venues, and the second edition of this introduction has been updated to include analysis of the impact and new trends. It also examines how different stakeholder positions have shifted and how changing formats and distribution platforms impact industry profit margins and artists' earnings. \u003c\/blockquote\u003e\u003cp\u003e\n                                                            \u003cstrong\u003eFormat\u003c\/strong\u003e: Paperback \/ softback\u003cbr\u003e\n                              \u003cstrong\u003eLength\u003c\/strong\u003e: 264 pages\u003cbr\u003e\n                              \u003cstrong\u003ePublication date\u003c\/strong\u003e: 08 July 2021\u003cbr\u003e\n                              \u003cstrong\u003ePublisher\u003c\/strong\u003e: Agenda Publishing\u003cbr\u003e\n                          \u003c\/p\u003e \u003cp\u003e\u003cbr\u003eThe music industry is a captivating and ever-evolving business sector that has been forced to adapt to the rapid advancements in technology that have impacted every aspect of its operations, from distribution to artist management. The Covid-19 pandemic has posed a significant challenge to the industry, with the closure of live music venues leading to a loss of revenue and uncertainty for musicians and venue owners alike.\u003cbr\u003e\u003cbr\u003eIn response to these challenges, the second edition of this widely used introduction to the economic workings of the music business has been updated to include an analysis of the pandemic's impact and new trends emerging in the industry. These trends include the increasing dominance of tech companies and big data, as well as the growing importance of collective management organizations as market players, which have shaped new business contracts and impacted the revenue streams of both recording companies and artists.\u003cbr\u003e\u003cbr\u003eAt a time when live performance outstrips music sales as the primary source of income for contemporary musicians, this new edition also examines how different stakeholder positions have shifted. The book remains a comprehensive and rigorous presentation of the industry's business model, encompassing the core sectors of publishing, recording, and live music, as well as the intricate web of licensing and copyright arrangements that support it.\u003cbr\u003e\u003cbr\u003eThe revenue streams of recording companies are analyzed alongside the income streams of artists to demonstrate how changing formats and distribution platforms impact both industry profit margins and artists' earnings. The book also explores the impact of digital piracy on the industry, as well as the challenges and opportunities presented by new technologies such as streaming and virtual reality.\u003cbr\u003e\u003cbr\u003eOverall, this updated edition of \"The Music Industry: An Introduction\" provides a valuable and comprehensive guide to the complex and dynamic world of the music business, offering insights into the challenges and opportunities facing musicians, record labels, and other industry stakeholders. Whether you are a student, professional, or simply a music enthusiast, this book is a must-read for anyone interested in understanding the economic workings of the music industry in the 21st century.\u003c\/p\u003e\u003cp\u003e\n                            \u003cstrong\u003eWeight\u003c\/strong\u003e: 364g\n                            \u003cbr\u003e\u003cstrong\u003eDimension\u003c\/strong\u003e: 148 x 211 x 23 (mm)\n                            \u003cbr\u003e\u003cstrong\u003eISBN-13\u003c\/strong\u003e: 9781788214278\n                            \u003cbr\u003e \u003cstrong\u003eEdition number\u003c\/strong\u003e: 2nd ed.\n                          \u003c\/p\u003e","brand":"PeterTschmuck","offers":[{"title":"Paperback \/ softback","offer_id":44093431251194,"sku":"9781788214278","price":23.79,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0522\/4297\/2845\/products\/9bd2a43e2c585d12cd82c83bd976405e.jpg?v=1629685776","url":"https:\/\/shulphink.com\/products\/economics-of-music-second-edition","provider":"Shulph Ink","version":"1.0","type":"link"}