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Hviid, Morten, Jacques, Sabine 
ORCID: https://orcid.org/0000-0001-7708-4407 and Izquierdo Sanchez, Sofia
(2017)
Digitalisation and intermediaries in the music industry.
Abstract
Prior to digitalisation, the vertical structure of the market for recorded music could be described as a large number of artists [composers, lyricists and musicians] supplying creative expressions to a small number of larger record labels and publishers who funded, produced, and marketed the resulting recorded music to subsequently, sell these works to consumers through a fragmented retail sector. We argue that digitalisation has led to a new structure in which the retail segment has also become concentrated. Such a structure, with successive oligopolistic segments, can lead to higher consumer prices through double marginalisation. We further question whether a combination of disintermediation of the record labels function combined with “self-publishing” by artists, will lead to the demise of powerful firms in the record label segment, thus shifting market power from the record label and publisher segment to the retail segment, rather than increasing the number of segments with market power.
| Item Type: | Article |
|---|---|
| Faculty \ School: | Faculty of Social Sciences > School of Law Faculty of Social Sciences > School of Economics |
| UEA Research Groups: | Faculty of Social Sciences > Research Groups > Competition, Markets and Regulation Faculty of Social Sciences > Research Centres > Centre for Competition Policy Faculty of Medicine and Health Sciences > Research Centres > Business and Local Government Data Research Centre (former - to 2023) Faculty of Social Sciences > Research Groups > Media, Information Technology and Intellectual Property Law |
| Related URLs: | |
| Depositing User: | LivePure Connector |
| Date Deposited: | 30 Aug 2018 11:30 |
| Last Modified: | 20 Jun 2023 15:07 |
| URI: | https://ueaeprints.uea.ac.uk/id/eprint/68171 |
| DOI: |
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