Region Focus

Third Quarter 2010

Can the Music Industry Adapt to the Digital Future?

Digital downloads and illegal file sharing signal a need for the music industry to adopt a new business strategy. But the jury is still out on how artists and labels can profit in a world where consumer preferences have fundamentally changed.

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Related Links

Connolly, Marie, and Alan B. Krueger. “Rockonomics: The Economics of Popular Music,” National Bureau of Economic Research Working Paper no. 11282, April 2005.

Liebowitz, Stan J. “Economists Examine File Sharing and Music Sales.” In Gerhard Illing and Martin Peitz, (eds.), Industrial Organization and the Digital Economy. Cambridge, Mass: MIT Press, 2006, pp. 145-174.

Rob, Rafael, and Joel Waldfogel. “Piracy On The High C's: Music Downloading, Sales Displacement, and Social Welfare In A Sample Of College Students.” Journal of Law and Economics, April 2006, vol. 49, no. 1, pp. 29-62.

Oberholzer-Gee, Felix, and Koleman Strumpf . “The Effect of File Sharing on Record Sales: An Empirical Analysis.” Journal of Political Economy February 2007, vol. 115, no. 1, pp. 1-42.

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