The Economics of Music

Author:   Professor Peter Tschmuck (University of Music & Performing Art Vienna)
Publisher:   Agenda Publishing
Edition:   2nd New edition
ISBN:  

9781788214261


Pages:   264
Publication Date:   08 July 2021
Format:   Hardback
Availability:   In Print   Availability explained
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The Economics of Music


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Overview

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.

Full Product Details

Author:   Professor Peter Tschmuck (University of Music & Performing Art Vienna)
Publisher:   Agenda Publishing
Imprint:   Agenda Publishing
Edition:   2nd New edition
ISBN:  

9781788214261


ISBN 10:   1788214269
Pages:   264
Publication Date:   08 July 2021
Audience:   College/higher education ,  Professional and scholarly ,  Tertiary & Higher Education ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

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Comprehensive and well documented, drawing on the author's prodigious knowledge of the industry. -- David Throsby, Times Literary Supplement


Author Information

Peter Tschmuck is Professor for Cultural Institutions Studies at the University of Music and Performing Arts, Vienna. He also teaches courses at the University of Economics and Business Administration in Vienna, at the Danube-University in Krems, the University of Music, Drama and Media in Hanover, and at the Zeneipari Hivatal in Budapest. His books include Creativity and Innovation in the Music Industry (2nd edn, 2012) and Music Business and the Experience Economy (2013). He is Editor of the International Journal of Music Business Research.

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