Music Industry Changes explores the dramatic transformation of the music industry in the face of the digital revolution. It dissects how the industry adapted its business models amidst digital disruption, focusing on the shift from physical sales to streaming services and the implications for revenue streams. A key insight is how the industry, initially challenged by file-sharing, ultimately evolved into a more diverse ecosystem through digital platforms and independent artists, despite ongoing debates over artist compensation. The book employs a data-driven approach, utilizing revenue figures and market studies to analyze the economic forces at play. It begins by outlining the pre-digital landscape, then examines the impact of digital downloads and the rise of streaming. The analysis progresses to explore the evolving role of artists in this data-driven landscape, from direct-to-fan engagement to navigating copyright issues and intellectual property rights. This provides valuable insights for anyone seeking to understand digital transformation in creative industries.
