Summary of The Music Industry and the Digital Revolution

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The Music Industry and the Digital Revolution summary
Record labels’ ownership of artists’ music rights is akin to a bank owning your house after you’ve repaid your mortgage.

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.
 

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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About the Speaker

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


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    Glenn Macandrew 3 months ago
    What a powewrful read and very eye opening - thank-you!
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    Amer Alkawareet 3 months ago
    Music industry needs more attention from the digital world
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    Chong-Woo Park 3 months ago
    Thanks for the industry insight which I would normally not be aware of.

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