The Music industry's new value chains

Rae Weston

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

We investigate the implications for the future value chain structure of the music industry of the disruptive technology, peer-to-peer (P2P) networks. We show that the new value chain for the performer allows the performer to add value to their product before negotiating with record companies, although the new value chain for the songwriter is seen to be not as advantaged. We consider what the new value chain might be for the record companies whose role may now become that of a competitive distributor rather than that of a dominant distributor. The implications of this analysis are that the creation of new value chains is occurring in the music industry and these have considerable impact on the profitability of old chain structures and their key participants. The idea that music will be "free" is shown to be an improbable result.
Original languageEnglish
Title of host publicationMoving up the value chain
EditorsKepa Mendibil, Alina Shamsuddin
Place of PublicationGlasgow
PublisherUniversity of Strathclyde
Pages531-536
ISBN (Print)0947649522
Publication statusPublished - 2006

Keywords

  • disruptive technology
  • value chain

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  • Cite this

    Weston, R. (2006). The Music industry's new value chains. In K. Mendibil, & A. Shamsuddin (Eds.), Moving up the value chain (pp. 531-536). Glasgow: University of Strathclyde.