Author Archive for Peter Tschmuck

01
Jan
17

Music Business Research 2016 – in retrospective

Dear readers of the music business research blog,

2016 seems to be the pivotal year in the recorded music industry. Although no annual statistics have been published until yet, we can take it for granted that the positive trend of 2015 continued in 2016. In 2015, the global recorded music market expanded by 3.4%. The US-market slightly grew by 0.9% and the German recorded music sales even increased by 4.4%.

The booming music streaming market was of course the main driver for the economic recovery of the recorded music business in 2015 and we can expect a further growth in 2016 and the upcoming year. The revenue growth of the streaming business compensated for the decline in CD sales, despite decreasing music download sales as highlighted in “The fate of the CD – an international CD-market analysis”. However, an in-depth analysis of the statistics unveils very different market dynamics in various countries. Whereas music streaming is the main business of the recorded music industry in Scandinavia, CD sales are still relevant in Germany and in Japan (see “The Music Streaming Market Revisited, 2011-2015”).

Continue reading ‘Music Business Research 2016 – in retrospective’

27
Dec
16

Warner Music Group in the Digital Paradigm Shift

On December 8, Warner Music Group (WMG) released the annual report for the financial year 2016 ending on September 30, 2016 reporting the highest revenue of US$ 3.25bn since Access Industries has acquired WMG in 2011. WMG also reported its best profit performance – measured in operating income before depreciation and amortization (OIBDA) – of US$ 507m since 2006. For the first time after Access Industries’ takeover, WMG will pay a dividend of US$ 54m to its shareholders (WMG 2016: 110). Those key facts indicate a healthy business performance of the smallest music recording major company in the digitalised music industry. Thus, the following analysis highlights the causes for WMG’s economic recovery and the re-structuring of its business model.

Continue reading ‘Warner Music Group in the Digital Paradigm Shift’

01
Dec
16

Call-for-Papers: 8th Vienna Music Business Research Days, September 12-14, 2017

vmbrd-logoThe 8th Vienna Music Business Research Days will be held at the University of Music and Performing Arts Vienna (Anton-von-Webern-Platz 1, 1030 Vienna/Austria) from 12-14 September 2017. The overall topic of the next conference is the question “Unchaining the Digital Music Business?”. Digitization of the music industry has not reduced the market and gatekeeping power of the industry’s intermediaries as predicted by the long-tail and disintermediation hypotheses. However, it seems that the digital music business has become a blockbuster business with new powerful players appearing on the scene (e.g. Apple, Google/YouTube, Amazon). However, innovations such as the blockchain technology again challenge the newly established value-added network by providing tools for artists to circumvent intermediaries. Thus, the 8th Vienna Music Business Resarch Days will highlight the current developments with new research findings.

The call-for-papers for the conference track day on September 13, 2017 encourage all researchers (from post-doc level on) to submit paper proposals on the broad field of music business research including for e.g.:

  • Past, current and future developments in the music industry (recorded music industry, live music sector, music publishing, music retailing and wholesaling, music instruments industry etc.);
  • Music market research and music charts research;
  • The economic and social situation of musicians as well as the labor market for musicians;
  • The management of musicians and music institutions;
  • Gender and diversity in the music business;
  • The marketing of music;
  • Music branding and sponsoring;
  • Public and private funding of the music sector (including new forms of music funding such as crowdfunding);
  • Case studies on music companies and other music institutions;
  • Legal aspects of the music business (contracts, copyright, competition law/policy etc.);
  • Music licensing and collecting societies;
  • Music media (radio, TV, online-based media etc.);
  • Economic aspects of music genres (classical, pop/rock, jazz, world music markets etc.);
  • Business-related music education;
  • Music export;
  • etc.

Please send an abstract of your proposal to vmbrdays@gmail.com no later than March 31, 2017.

 

Other important dates:

May 15, 2017: Notification of acceptance

July 31, 2017: Submission deadline for full papers

September 13, 2017: Conference track day

September 14, 2017: Conference day for invited speakers on “Unchaining the Digital Music Business?”

 

Registration:

Registration fee – early bird (until July 31, 2017): 175,- Euro

Registration fee:                                                    225,- Euro

End of registration (no refund after this date):      August 31, 2017

 

For students at all levels of the MA & PhD a doctoral colloquium (7th Young Scholars’ Workshop) will be held as part of the 8th Vienna Music Business Research Days on September 12, 2017. Find a separate call for papers here.

 

Contact:

Dagmar Abfalter (mailto: vmbrdays@gmail.com)

Department of Cultural Management and Gender Studies (IKM)

University of Music and Performing Arts, Vienna

Anton-von-Webern-Platz 1, 1030 Vienna, Austria

Tel.: +43-1-71155-3418

01
Dec
16

Call-for-Papers: 7th Young Scholars’ Workshop of the 8th Vienna Music Business Research Days, September 12, 2017

vmbrd-logoThe Young Scholars’ Workshop, as part of the 8th Vienna Music Business Research Days (Vienna, Austria), invites once again young researchers to submit paper abstracts of all disciplines exploring questions that help understand economic and managerial problems as well as processes of the music business sector and in the field of music management. There are many questions that call for investigation and need to be discussed in music business research, for example:

  • What drives innovation in the music business sector?
  • How can we scientifically understand and differentiate music business models?
  • What do we know about critical success factors? Have success factors changed over time – and has music business (entrepreneurship) changed in general?
  • What rationalities affect this very “personal” industry?
  • What does it mean to be self-managed in the music business?
  • What can we learn about the customer’s willingness to pay for music recordings or related goods?
  • Who will control the future music market, e.g., startups or Apple?
  • How can we understand the role of brands and the music industry?
  • And how can music business research support efforts for innovative business models?
  • What issues of gender, class or “race” exist in a music business context? How are they dealt with?

 

These research questions are not exhaustive, papers may also address other aspects.

The workshop organizers Prof. Dr. Carsten Winter (Hanover University of Music, Drama and Media) and Prof. Dr. Peter Tschmuck (University of Music and Performing Arts Vienna) strongly encourage submissions from students at all levels of MA & PhD. Students are supposed to work on their MA or PhD thesis and discuss it with senior researchers of music business research.

Abstracts (of about 1,000 characters) are due by March 31, 2017, and full papers (15-30 pages) are due by July 31, 2017. Only abstracts and papers submitted on time will be considered.

A maximum of 6-8 papers will be selected for presentation to guarantee a workshop atmosphere. The sessions will combine paper presentations and discussions including interactive elements. Information on the acceptance of the paper proposal will be sent until May 15, 2017, at the latest.

Please email your submission to viennamusicresearch@hmkw.de

Paper proposals and final papers must be submitted as pdf documents and should include contact information, at least affiliation, e-mail address, telephone number and postal address of the author(s).

 

For researchers on the post-doc level a separate call-for-papers for the conference track day on September 13, 2017 can be found here.

 

 

 

30
Nov
16

The fate of the CD – an international CD-market analysis

In March 2010, my first blog post in the music business research blog was entitled “The CD is Dead! Long Life the Music Download?” – with a question mark. The prophecy has become partly true. In some markets, e.g. in Sweden, the CD is only a by-product such as vinyl with a combined market share 12.4 percent (IFPI 2016: 92). In other countries, e.g. Germany, the CD is still economically relevant. Physical sales in Germany accounted for 60.0 percent in 2015 – with 83.6m CD units and 7.6m other physical units sold (ibid: 81). However, the CD is on the way to insignificance and will end up as a nostalgic collectors’ item. The following economic analysis of the international CD market shed light into the dynamics of different markets and explains, why some markets are still driven by CD sales.

Continue reading ‘The fate of the CD – an international CD-market analysis’

11
Oct
16

The 7th Vienna Music Business Research Days in retrospective

vmbrd-logoThe 7th Vienna Music Business Research Days on “Self-Management in the Digital Music Business” are already history. International music business researchers and business professionals gathered at the University of Music and Performing Arts to discuss the challenges and chances of the digital music economy.

In the Young Scholars’ Workshop graduate and PhD students from Canada, Germany, Norway, Poland, Spain and Russia presented their theses in a closed workshop in group of highly regarded music business/industry researchers. Lorenz Grünewald of the University of Applied Sciences for Media, Communication and Management Berlin was awarded for his paper “The (In)significance of the Brand: Brands & Music Culture”. The paper will be published in the International Journal of Music Business Research (IJMBR).

The conference track day on September 28 brought together music business academics from Australia, Austria, Colombia, Denmark, Finland, Germany, Italy, Norway, Slovenia and Spain, who presented recent research results on the music business/industry.

The third conference day was again held in cooperation with the Waves Music Festival & Conference and was devoted to the topic of “Self-Management in Digital Music Business”.

For a detailed coverage of the entire conference– including most of the papers and presentation slides as well as the audio and video streams of all talks and discussions of the third conference day on Sep. 29th – please click here.

Continue reading ‘The 7th Vienna Music Business Research Days in retrospective’




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