Skip to main content

2024 | OriginalPaper | Buchkapitel

4. The Music Industry Disrupted: The COVID Era

verfasst von : Christie Byun

Erschienen in: The Economics of the Popular Music Industry

Verlag: Springer Nature Switzerland

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config
loading …

Abstract

It is hard to overstate the impact the pandemic had on the music industry, particularly for live music events. As David Bowie predicted, touring and performing live had become the only unique things left for musicians. In the streaming and peer to peer file sharing era, touring has become a vital part of any musician’s income. Many legendary bands and musicians have hit the road again in recent years, using touring as their primary means to make a living. But during the COVID pandemic, most were unable to tour, eliminating this source of income. This chapter discusses the impact of the pandemic on the music industry, and the ways that industry players adapted to the loss of revenue associated with pandemic lockdowns.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

Fußnoten
1
“2020*—A Year Forever Qualified” by Andy Gensler, Pollstar, https://​news.​pollstar.​com/​2020/​12/​11/​2020-a-year-forever-qualified-2/​, Accessed Feb. 1, 2023.
 
2
“2020*—A Year Forever Qualified” by Andy Gensler, Pollstar, https://​news.​pollstar.​com/​2020/​12/​11/​2020-a-year-forever-qualified-2/​, Accessed Feb. 1, 2023.
 
3
Oliver and Lalchev (2022).
 
4
Steele (2021).
 
5
Ibid.
 
6
Oliver and Lalchev (2022).
 
7
US Music 360 2017 Report Highlights, Nielson Music.
 
8
Conti (2021).
 
9
Fazio (2021).
 
10
Beaumont (2021).
 
11
Glicksman (2020b).
 
12
For example, Powfu, Dixie D’Amelio, Doja Cat, Addison Rae, K Camp, Pop Smoke, Curtis Waters, and many others.
 
13
“Social Media is Becoming a Social Studio,” by Kriss Thakrar, April 13, 2021, https://​www.​midiaresearch.​com/​blog/​social-media-is-becoming-a-social-studio (Accessed Feb. 1, 2023).
 
14
“Music Consumer Survey, Q3 2021: A New Generation Leans Forward” by Tatiana Cirisano, Midia Research, https://​www.​midiaresearch.​com/​reports/​music-consumer-survey-q3-2021-a-new-generation-leans-forward.
 
16
Ingham (2021a).
 
17
Ibid.
 
18
“New Studies Quantify TikTok’s Growing Impact on Culture and Music,” July 21, 2021, Tiktok Newsroom, https://​newsroom.​tiktok.​com/​en-us/​new-studies-quantify-tiktoks-growing-impact-on-culture-and-music.
 
19
Ingham (2021b).
 
20
Glicksman (2020b).
 
21
Glicksman (2020a).
 
22
Leight (2022).
 
23
Shah (2022).
 
24
Shah (2018).
 
25
Shah (2022).
 
26
Leight (2022).
 
27
Herrman (2022).
 
28
Williams (2022).
 
30
“The Story Behind Michael Jackson Buying The Beatles’ Catalog and Angering Friend Paul McCartney” by Jacob Uitti, https://​americansongwrit​er.​com/​the-story-behind-michael-jackson-buying-the-beatles-catalog-and-angering-friend-paul-mccartney/​.
 
31
The purchase included rights to songs by Bruce Springsteen, The Rolling Stones, Elvis Presley, and many others. See “A Brief History of the Ownership of the Beatles Catalog” by Dan Rys, Billboard.com, Jan 20, 2017, https://​www.​billboard.​com/​music/​rock/​beatles-catalog-paul-mccartney-brief-history-ownership-7662519/​.
 
32
“David Bowie, 21st Century Entrepreneur,” by Jon Pareles, The New York Times, June 9, 2002.
 
33
Yang et al. (2022) “Music is in the Air,” Goldman Sachs Equity Research, June 13, 2022.
 
34
Ibid.
 
35
Sisario (2021).
 
36
“Bob Dylan Sells His Master Recordings to Sony Music” by Mark Savage, BBC News, Jan. 24, 2022, https://​www.​bbc.​com/​news/​entertainment-arts-60118887, accessed Feb. 15, 2023.
 
37
“Why Musical Artists Are Selling Their Catalog Rights” by Gary Graff, Loudwire, Dec. 7, 2022, https://​loudwire.​com/​why-music-artists-selling-catalog-rights/​ (Accessed Feb. 15, 2023).
 
Literatur
Zurück zum Zitat Beaumont, M. (2021). WTF Is an NFT? Kings of Leon’s Weird Non Fungible Token Thing—Explained! New Music Express. Beaumont, M. (2021). WTF Is an NFT? Kings of Leon’s Weird Non Fungible Token Thing—Explained! New Music Express.
Zurück zum Zitat Denk, J., Burmester, A., Kandziora, M., & Clement, M. (2022). The Impact of COVID-19 on Music Consumption and Music Spending. PLOS One. Denk, J., Burmester, A., Kandziora, M., & Clement, M. (2022). The Impact of COVID-19 on Music Consumption and Music Spending. PLOS One.
Zurück zum Zitat Fazio, M. (2021). The World Knows Her as ‘Disaster Girl.’ She Just Made $500,000 Off the Meme. New York Times. Fazio, M. (2021). The World Knows Her as ‘Disaster Girl.’ She Just Made $500,000 Off the Meme. New York Times.
Zurück zum Zitat Herrman, J. (2022). The Viral Spiral. The New York Times. Herrman, J. (2022). The Viral Spiral. The New York Times.
Zurück zum Zitat Oliver, P. G., & Lalchev, S. (2022). Digital Transformation in the Music Industry: How the COVID-19 Pandemic Has Accelerated New Business Opportunities. In G. Morrow, D. Nordgard, & P. Tschmuck (Eds.), Rethinking the Music Business: Music Contexts, Rights, Data, and COVID-19. Springer International Publishing. Oliver, P. G., & Lalchev, S. (2022). Digital Transformation in the Music Industry: How the COVID-19 Pandemic Has Accelerated New Business Opportunities. In G. Morrow, D. Nordgard, & P. Tschmuck (Eds.), Rethinking the Music Business: Music Contexts, Rights, Data, and COVID-19. Springer International Publishing.
Zurück zum Zitat Sim, J., Cho, D., Hwang, Y., & Telang, R. (2021). Virus Shook the Streaming Star: Estimating the COVID-19 Impact on Music Consumption. Marketing Science, 41(1). Sim, J., Cho, D., Hwang, Y., & Telang, R. (2021). Virus Shook the Streaming Star: Estimating the COVID-19 Impact on Music Consumption. Marketing Science, 41(1).
Zurück zum Zitat Sisario, B. (2021). A $550 Million Springsteen Deal? It’s Glory Days for Catalog Sales. New York Times. Sisario, B. (2021). A $550 Million Springsteen Deal? It’s Glory Days for Catalog Sales. New York Times.
Zurück zum Zitat Yang, L., Sheridan, E., Hall, R., Laszczyk, S., Keung, R., Kong, L., Feldman, B., Tate, J., & Adukia, M. (2022). Music is in the Air. Goldman Sachs Equity Research. Yang, L., Sheridan, E., Hall, R., Laszczyk, S., Keung, R., Kong, L., Feldman, B., Tate, J., & Adukia, M. (2022). Music is in the Air. Goldman Sachs Equity Research.
Metadaten
Titel
The Music Industry Disrupted: The COVID Era
verfasst von
Christie Byun
Copyright-Jahr
2024
DOI
https://doi.org/10.1007/978-3-031-49899-2_4