Citation

Can Independent Records Companies Compete with the Majors? A Preliminary Descriptive Analysis of the Digital Music Market

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Abstract:

Record companies are facing a precarious time in music industry. Digital distribution has been lauded as the panacea for independent musicians and independent record companies by allowing them to compete directly with the major record companies. There is clear evidence that the four major record companies (Universal, Sony, Warner and EMI) are losing money because of digital music distribution. There are many reasons for the severe decline of major records company revenue and profits since the introduction of illegal and legal digital music downloading. The one thing that remains certain is the industry can no longer depend on CD and other physical media to save the industry. This paper is a preliminary exploration examining how well independent record companies are competing with the declining major record companies by using data from the two leading legal digital music download services, iTunes and Amazon. Major record companies are still the leading producers and sellers of music popular with digital music consumers, but the independent records companies are competing with the major record companies in the digital album market but not in the digital song market. Independent record company owned recordings benefit from major record distribution contacts and would not be as successful without these services. This study also supports claims that major record companies depend on older catalog recordings for their success and finds a price structure difference between the most popular albums and songs on iTunes and Amazon.

Most Common Document Word Stems:

record (255), compani (246), distribut (167), major (157), independ (148), album (130), chart (113), own (99), song (87), week (84), music (83), itun (77), amazon (69), averag (68), digit (63), price (56), compet (40), signific (37), releas (36), sd (36), n (36),
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Association:
Name: BEA
URL:
http://www.beaweb.org


Citation:
URL: http://citation.allacademic.com/meta/p545861_index.html
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MLA Citation:

Polinsky, Heather. "Can Independent Records Companies Compete with the Majors? A Preliminary Descriptive Analysis of the Digital Music Market" Paper presented at the annual meeting of the BEA, Las Vegas Hilton, Las Vegas, NV, Apr 15, 2012 <Not Available>. 2014-12-12 <http://citation.allacademic.com/meta/p545861_index.html>

APA Citation:

Polinsky, H. , 2012-04-15 "Can Independent Records Companies Compete with the Majors? A Preliminary Descriptive Analysis of the Digital Music Market" Paper presented at the annual meeting of the BEA, Las Vegas Hilton, Las Vegas, NV Online <APPLICATION/PDF>. 2014-12-12 from http://citation.allacademic.com/meta/p545861_index.html

Publication Type: Open Paper
Review Method: Peer Reviewed
Abstract: Record companies are facing a precarious time in music industry. Digital distribution has been lauded as the panacea for independent musicians and independent record companies by allowing them to compete directly with the major record companies. There is clear evidence that the four major record companies (Universal, Sony, Warner and EMI) are losing money because of digital music distribution. There are many reasons for the severe decline of major records company revenue and profits since the introduction of illegal and legal digital music downloading. The one thing that remains certain is the industry can no longer depend on CD and other physical media to save the industry. This paper is a preliminary exploration examining how well independent record companies are competing with the declining major record companies by using data from the two leading legal digital music download services, iTunes and Amazon. Major record companies are still the leading producers and sellers of music popular with digital music consumers, but the independent records companies are competing with the major record companies in the digital album market but not in the digital song market. Independent record company owned recordings benefit from major record distribution contacts and would not be as successful without these services. This study also supports claims that major record companies depend on older catalog recordings for their success and finds a price structure difference between the most popular albums and songs on iTunes and Amazon.


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