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Music streaming services have affected the music industry from both a financial and legal standpoint. Their current business model affects stakeholders such as artists, users, and investors. These services have been scrutinized recently for their imperfect royalty distribution model. Covid-19 has made these discussions even more relevant as touring income

Music streaming services have affected the music industry from both a financial and legal standpoint. Their current business model affects stakeholders such as artists, users, and investors. These services have been scrutinized recently for their imperfect royalty distribution model. Covid-19 has made these discussions even more relevant as touring income has come to a halt for musicians and the live entertainment industry. <br/>Under the current per-stream model, it is becoming exceedingly hard for artists to make a living off of streams. This forces artists to tour heavily as well as cut corners to create what is essentially “disposable art”. Rapidly releasing multiple projects a year has become the norm for many modern artists. This paper will examine the licensing framework, royalty payout issues, and propose a solution.

ContributorsKoudssi, Zakaria Corley (Author) / Sadusky, Brian (Thesis director) / Koretz, Lora (Committee member) / Dean, W.P. Carey School of Business (Contributor) / Department of Finance (Contributor) / Barrett, The Honors College (Contributor)
Created2021-05
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Music is an integral part of a community's identity, and music streaming has changed the way in which people interact with popular music as a whole. While significant research has been done regarding how streaming services have impacted the way users engage with music, little has been done to account

Music is an integral part of a community's identity, and music streaming has changed the way in which people interact with popular music as a whole. While significant research has been done regarding how streaming services have impacted the way users engage with music, little has been done to account for how streaming has changed the creation of new music. Additionally, globalization in music results in unique hybrid genres rather than complete adoption of global culture, making it hard to measure the global impact on regional sounds, as chart diversity alone cannot account for this unique interaction. This research addresses this gap in literature by utilizing Spotify’s audio features to analyze regional popular music characteristics from 2010 through 2020 using the Top 100 tracks from the global, Korean, and Japanese charts. It then observes whether the chart data demonstrates a convergence or divergence in relation to the musical attributes of global popular music and the growth of music streaming, and if it is reflecting a globalization effect. The results suggest that local artists reflect global trends in already globalized markets, and that streaming may be having a heterogenization effect on popular music. Additionally, the data also suggests that observing the musical characteristics of a region may be able to measure how globalized a region's music culture is, allowing for the observation of globalization beyond looking at chart diversity and instead observing the music characteristics of domestic artists.
ContributorsHaas, Kyle (Author) / Proferes, Nicholas (Thesis advisor) / Halavais, Alexander (Committee member) / Walker, Shawn (Committee member) / Arizona State University (Publisher)
Created2022