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Tech start-up capitalisation in an oligopolistic copyright industry the case of the contemporary music industry.pdf (1.56 MB)

Tech start-up capitalisation in an oligopolistic copyright industry: the case of the contemporary music industry

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journal contribution
posted on 2023-09-28, 08:39 authored by Allan WatsonAllan Watson, Andrew Leyshon, George Windsor

Over the past 25 years, the music industry has been radically transformed through the entry of venture capital funded digital platforms. This process continues, but whereas previous generations of tech companies successfully disrupted the industry, a new wave of MusicTech companies now seek to gain entry through collaboration and cooperation, reflecting a stabilisation of economic power in large record companies and platforms. In this paper we examine the business dynamics behind the evolving role of technology in the music industry. More specifically, we reveal the ways in which distinctive features of the music industry set considerable challenges to contemporary MusicTech entrepreneurs in relation to capitalisation and investor reluctance. Through a critical examination of MusicTech as a platform political economy, we draw attention to key business dynamics underpinning wider processes of platform reintermediation and capitalisation that are crucial in the contemporary restructuring of a wide range of economic sectors.

History

School

  • Social Sciences and Humanities

Department

  • Geography and Environment

Published in

Cultural Trends

Publisher

Taylor & Francis

Version

  • VoR (Version of Record)

Rights holder

© The Author(s)

Publisher statement

This is an Open Access article distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives License (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited, and is not altered, transformed, or built upon in any way.

Acceptance date

2023-08-31

Publication date

2023-09-11

Copyright date

2023

ISSN

0954-8963

eISSN

1469-3690

Language

  • en

Depositor

Dr Allan Watson. Deposit date: 1 September 2023

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