Naslov
The global music industry is recovering from the crisis: streaming revenues takes over dominance from other revenue segments

Autori
Lozić, Joško

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
54th International Scientific Conference on Economic and Social Development – Novosibirsk, 21-22 May 2020 / Novgorodov, P. ; Maric, M. ; Burilovic, L. - Varaždin : VADEA ; Sveučilište Sjever, 2020, 50-59

Skup
54th International Scientific Conference on Economic and Social Development (ESD 2020)

Mjesto i datum
Novosibirsk, Ruska Federacija, 21.05.2020. - 22.05.2020

Vrsta sudjelovanja
Ostalo

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
music industry, performance right, streaming

Sažetak
The aim of this paper is to analyse the revenue structure of the global music industry in the context of changing technological structure. The global music industry's total revenue has changed dramatically in recent years. Psychical revenues are steadily declining, while streaming and performance right revenues are steadily increasing, indicating the development of a new media industry. Streaming revenue has become the largest share of revenue from all segments of the music industry. Streaming technology has become a dominant way of listening to music. The development of technological capabilities and the convergence of the system have directly influenced changes in the habits and patterns of music consumption. Instead of buying and owning music content, as in the old media industry model, users become subscribers who listen to content while on the subscription system. The new media industry means generating revenue from new business models. In the music industry, the streaming model takes dominance in revenue generation.

Izvorni jezik
Engleski

Znanstvena područja
Interdisciplinarne društvene znanosti

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