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The music industry in an age of digital distribution

By Patrik Wikstrom

Abstract

* This chapter is free to download from publisher website\ud \ud Abstract\ud \ud In 1999 the global recorded music industry had experienced a period of growth that had lasted for almost a quarter of a century. Approximately one billion records were sold worldwide in 1974, and by the end of the century, the number of records sold was more than three times as high.\ud \ud At the end of the nineties, spirits among record label executives were high and few music industry executives at this time expected that a team of teenage Internet hackers, led by Shawn Fanning (at the time a student at Northeastern University in Boston) would ignite the turbulent process that eventually would undermine the foundations of the industry

Topics: 150307 Innovation and Technology Management, 190407 Music Performance, 200102 Communication Technology and Digital Media Studies, Music Industry, Business Models, Digitization
Publisher: Turner Madrid
Year: 2014
OAI identifier: oai:eprints.qut.edu.au:69794
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