Summary of The Music Industry and the Digital Revolution

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The Music Industry and the Digital Revolution summary
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Rating

8 Overall

7 Importance

8 Innovation

8 Style

Recommendation

No industry is immune to paradigm-shifting disruption. To examine the changes that technology has inflicted on the music industry, Economist Films zeroes in on a medley of case studies that collectively provide a colorful overall picture. It concludes that to survive the subsequent upheaval, industry players must welcome the opportunities – rather than ward off the threats – that radical disruption begets. getAbstract recommends this vibrant video to artists and musicians, as well as to leaders across all industries who need a reminder of the importance of adapting.

In this summary, you will learn

  • How the music industry’s traditional business model worked,
  • How digital technology is disrupting that model and
  • How technology is empowering artists.
 

About the Speaker

Economist Films produces documentaries that investigate economic, social and political issues.

 

Summary

Although digital technology has transformed how consumers experience music, the music industry’s business model has resisted change. In a standard record deal, artists surrender their music rights to a record company. Yet many artists, ...

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Comment on this summary

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    Glenn Macandrew 8 months ago
    What a powewrful read and very eye opening - thank-you!
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    Amer Alkawareet 8 months ago
    Music industry needs more attention from the digital world
  • Avatar
    Chong-Woo Park 8 months ago
    Thanks for the industry insight which I would normally not be aware of.

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