Posts Tagged ‘Peter Tschmuck

08
Jun
17

The Economics of Streaming – book presentation event in London on June 15, 2017

My new book – The Economics of Music – that has been recently published by Agenda Publishing will be presented to the public in a MusicTank event at the University of Westminster from 7:00pm-9:30pm on June 15, 2017. After a short introduction to the book , I will discuss the question “The Economics of Streaming: Full Stream Ahead?” with Sally Gross (University of Westminster), Peter Jenner (Sincere Managment) and Mark Mulligan (Midea Research Consulting) chaired by Keith Harris (Keith Harris Music Ltd.).

Location: Fyvie Hall, University of Westminster, 309 Regent Street, London, W1B 2UW

Date: June 15, 7:00pm to 9:30pm

Click here for more information: MusicTank webpage

 

Peter Tschmuck, 2017, The Economics of Music. Newcastle-upon-Tyne: Agenda Publishing.

Hardback £55.00 | $70.00 ISBN 9781911116073
Paperback £16.00 | $23.00 ISBN 9781911116080
e-book £16.00 | $23.00 ISBN 9781911116097
Buy a book copy here: Agenda Publishing

 

 

 

 

 

23
May
17

Book review: The Economics of Music by Peter Tschmuck

My new book “The Economics of Music” is now avaiable in the bookstores. “The Economics of the Music” is a concise, scientifically grounded textbook on the economic fundamentals of the music industry in particular and the music economy in general. It aims to highlight the economic principles that govern the music business by analysing music as an economic good that is protected by copyright law. The book therefore includes a chapter on the microeconomics of music as well as a chapter on the economics of music copyright that is mainly based on findings of institutional economics. The main parts of the book focus on the different sectors of the music industry – music publishing, sound recording, the live music market, and secondary markets such as media and advertising – in order to explain the network of actors in those sectors and how these markets are organised and linked. The music labour markets are treated in a separate chapter. It highlights different income streams for musicians, occupational careers in the music business, and music-related occupations in the wider music economy (education, advocacy, lobbying, etc.). Since digitization has a tremendous impact on the music business, a final chapter on the “Digital Music Business” highlights the new rules, structures, and processes that were established by the digital revolution in order to foreground the structural break the music economy underwent. The last chapter, therefore, refers back to the opening chapter on “A Short Economic History of the Music Business,” which provides an overview from music patronage  to the current digital music economy.

Peter Tschmuck, 2017, The Economics of Music. Newcastle-upon-Tyne: Agenda Publishing.

Hardback £55.00 | $70.00 ISBN 9781911116073
Paperback £16.00 | $23.00 ISBN 9781911116080
e-book £16.00 | $23.00 ISBN 9781911116097
Buy a book copy here: Agenda Publishing

Continue reading ‘Book review: The Economics of Music by Peter Tschmuck’

08
May
13

Book Review: Music Business and the Experience Economy. The Australasian Case

Cover Music Business and the Experience Economy“Music Business and the Experience Economy” is the first book on the music business in Australasia from an academic perspective. In a cross-disciplinary approach, the authors deal with a wide-range of topics concerning the production, distribution and consumption in the digital age. The interrelationship of legal, aesthetic and economic aspects in the production of music in Australasia is also highlighted as well as the emergence of new business models, the role of music file sharing, and the live music sector. In addition, the impact of the digital revolution on music experience and valuation, the role of music for sports and branding, and last but not least the developments of tertiary music education, are discussed from different perspectives.

Peter Tschmuck, Philip L. Pearce and Steven Campbell (eds.), 2013, Music Business and the Experience Economy. The Australasian Case. Heidelberg & New York: Springer, ISBN: 978-3-642-27897-6.

For a more detailed book review please click here for further reading.

Continue reading ‘Book Review: Music Business and the Experience Economy. The Australasian Case’

28
Aug
12

The Third “Vienna Music Business Research Days” in Retrospective

The 3rd Vienna Music Business Research Days were devoted to the “New Music Consumption Behaviour”. Therefore, recent music consumer surveys for the U.K. and for Austria were presented and the hypothesis of music prosumption was highlighted. In another contribution the impact of music file sharing on the quality of new music products was measured. Further the French authority for protection of copyrights on the Internet – HADOPI – was presented and the effects of its operations on P2P file sharing were highlighted. In the following panel discussion “Three Strikes and Out” music industry and copyright expertes controversially debated the concept of graduaded response scheme (aka “three strikes” models) such as HADOPI in France. In this context the question “Are File Sharers Pirates?” was already controversially discussed by a sentenced file sharer and the author of the the book “Free Ride. How Digital Parasites Are Destroying the Culture Business”.

The 3rd Vienna Music Business Research Days were opened by the Young Scholars’ Workshop on June 29. Nineteen young academics from seven countries presented their research papers, which represented the full range of music business research. The best Young Scholars’ paper was then awarded by and international jury at the end of the conference on June 30.

In the following the 3rd Vienna Music Business Research on “New Music Consumption Behaviour” is summarised and all presentations and discussions can be audio streamed. Most of the papers and power point presentation are also available as downloads.

Continue reading ‘The Third “Vienna Music Business Research Days” in Retrospective’

19
Apr
12

Creativity and Innovation in der Music Industry – 2nd edition

It is unusual to make a review of a book’s second edition. However, when “Creativity and Innovation in the Music Industry” was published in 2006 the outcome of the great transformation process of the music industry was anything than clear. Therefore, it was a great opportunity to revisit the developments in the music industry in the first five years after the millenium and to extent the historic analysis until 2011. This results in a total revision of the chapter on the “Digital Revolution” in the music industry. In the revised version the ongoing process of oligopolization of the recorded music industry is highlighted as well as the market entry of players from outside the industry in the music market. It is also shown that the digital revolution has transformed an initially album driven to a single track market that accounts for the sales slump of recorded music rather than file sharing did – as I pointed out extensively in this blog. However, the main finding in the second edition is that the digital revolution does not only create a totally new value-added network in the music indutsry, but results also in the emergence of a new aesthetic paradigm, just as Jazz became in the 1920s and Rock ‘n’ Roll in the 1950s. Therefore we can call the current paradigm shift in the music industry the “Digital Music Revolution”, since electronic dance music has the potential to impact the music creation for decades. “Instead of a song, which can be attributed to creators, a digital track can be used, changed, mixed and transformed. Music, therefore, will become fluid, which will chnage not only the existing copyright regime but also the meaning of music in a new social and cultural context” (pp. 196).

 

Peter Tschmuck, 2012, Creativity and Innovation in the Music Industry, 2nd edition, Springer Heidelberg. ISBN 978-3-642-28429-8, e-ISBN 978-3-642-28430-4

Print copies can be directly ordered from Springer Publishing. However single book chapters are also available as an eBook version.

03
Apr
12

International Journal of Music Business Research – April 2012, vol. 1, no. 1

One might wonder if there is a need for an academic journal on the music business. Several high-profile trade publications on the music business are published regularly and in the torrent of academic journals one can find titles that focus on popular music, the creative industries, cultural economics and arts management. Nevertheless, there is a gap for a publication wholly dedicated to the academic research of music business and industry topics. The International Journal of Music Business Research (IJMBR) tries to fill this gap by providing a new platform for publication of articles on the phenomena of the music economy from different scientific perspectives.

The first issue of the IJMBR reflects a wide range of music business research topics that fit within the scope of the journal’s remit. In a theoretical piece, Patrik Wikström argues that the economic value created from recorded music is increasingly based on context rather than on ownership and that the focus of music distribution should shift from download and streaming to contextual models of music experience. The second paper is contributed by Pinie Wang, who highlights, in a historical analysis, the complex inter-relationship between the US media, advertising and music industries. Martin Kretschmer then addresses his contribution to the recent EU-copyright term extension for sound recordings, proposing that copyright interests should be transferable only for an initial term of 10 years, after which they will revert to the creator. This should lead to a remarkable decrease in orphaned work and should foster creativity and innovation.


Click here for the first issue of the International Journal of Music Business Research (IJMBR)

If you want to submit an article for publication in the IJMBR please send it to: music.business.research@gmail.com

20
Jun
11

The Second “Vienna Music Business Research Days” in Retrospective

The second “Vienna Music Business Research Days”, which were held at the University of Music and Performings Arts Vienna from June 8-10, 2011, were devoted to “New Music Distribution Models”. Therefore, the economic potentials, which are involved in the new music distribution models, were highlighted. In addition, the impact of music downloading, music streaming and cloud-based music models on musicians and music consumers was also discussed.

Beyond the speeches and panel discussion with music industry experts, a young scholars’ workshop was organized the first time. PhD and master students presented the results of their research on “Innovations in Music Business” and discussed them with advanced academics in this field.

In the following summary of the second “Vienna Music Business Research Days” most of the speeches and discussion of June 8-9 can be downloaded in audio format, in printed version and as presentations.

Continue reading ‘The Second “Vienna Music Business Research Days” in Retrospective’




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