Business Commons^™

Developing A Forward-Looking Strategy For The Music Industry, Matthew G. Paolucci

Honors Theses and Capstones

The music industry has had many changes throughout the past few decades, but nobody could be prepared for Covid-19's impact. Music artists have lost the ability to tour and play gigs due to the pandemic, leaving them without their primary stream of revenue. The purpose of this research is to develop forward-looking strategies for the music industry. Specifically, it seeks to answer these two research questions: What pain-points do music artists face in the industry as currently constructed, and what is the next mode of music consumption desired by consumers? Results from surveying music artists found that their major challenges …