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Full-Text Articles in Business
Grasping The Intangible: The Perseverance Of Physical Music Media In A Digital World, Sam Youmans
Grasping The Intangible: The Perseverance Of Physical Music Media In A Digital World, Sam Youmans
Honors Theses
Music is a unique economic good with several interesting characteristics: as an art form, its value is immensely subjective and changes with the culture; it is most widely consumed via online streaming platforms but still embedded onto physical formats and sold through retailers; and the United States music business had to pivot through substantial economic disruption at the turn of the century with the advent of peer-to-peer file sharing. Given the digital world in which we live, this thesis explains why people still purchase music on physical formats. This is accomplished by discussing revenue data from the past few years, …
How Streaming Services Changed The Way We Listen To And Pay For Music, Claire Carter
How Streaming Services Changed The Way We Listen To And Pay For Music, Claire Carter
Honors Theses
This thesis seeks to explain how streaming services have changed the way we listen to and pay for music. Furthermore, this analysis examines the perspective of consumers and artists on streaming services. Most data is obtained from various academic journals and organizations involved in the music industry. The result of this research indicates that after the financial peak of the music industry in 1999, a decline in revenues was due to emerging technology, the illegal file sharing website Napster and piracy, the industry’s response to piracy, and digital downloads. As streaming services started to emerge the shift in revenues from …