Indie Music-Historical Movements in Record Sales. Before delving into a deeper empirical approach, an updated look at the basic trends within indie music record sales can help us formulate some initial hypotheses about its relationship to the rise in the prevalence of the Internet. The invention of internet has had many direct and indirect effects […]
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Research Models on Prediction of the Indie Music Industry-6. In 2007, musician Prince gave away free copies of his album at his concert effectively including the price of the CD with the purchase of a ticket. Although this might work for established artists with a loyal fanbase, people will likely not purchase tickets for a
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Research Models on Prediction of the Indie Music Industry-5. Social media and online communities make it easier for consumers to connect with and learn about their favourite indie artists and make right choices in purchasing their music. In this way, the digital age has revolutionized the methods and lowered the cost of nearly every aspect
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Research Models on Prediction of the Indie Music Industry-4. If you have been following my previous articles on music copyrights and royalties, by now you should have a good understanding of the fundamentals. It might be wise to re-read those articles, or bookmark them to grab back whenever you encounter a subject that I have
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Research Models on Prediction of the Indie Music Industry-3. Waldfogel’s 2010 paper is one of the first to attempt to try revaluating the effect of music file sharing in the “iTunes era.” With the emergence of legal digital distribution, consumers now have the ability to buy, rather than steal, individual songs, with added benefits such
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Research Models on Prediction of the Indie Music Industry-2. Jeff Zentner, who came to writing through music, starting his creative life as a guitarist and eventually becoming a songwriter, utilizes a panel of twelve years of data from 1996-2008 for 49 countries to see if music sales, including indie music, have been hurt more in countries
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Research Models on Prediction of the Indie Music Industry-1. Stevans and Sessions’ time series model uses consumer spending on physical purchases of indie music as the dependent variable and explanatory variables including personal income, price index of physical sales, price index of software, per unit price of DVDs and a time trend dummy variable holding
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Research Models on Prediction of the Indie Music Industry. Scholars created a regression model of physical music sales from 1998-2002 using a cross-section of the 16 countries with the largest markets for pre-recorded music. They define their independent variables as GDP, Downloads, Broadband, Digital Media Players, DVD Players and CD-R Players. Music scholars find that
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Scholars’ Prediction of the Indie Music Industry – 1 As people are able to listen to music on the move, new consumption opportunities are created and consumers are willing to spend more time and money listening to music. I have written about this in detail in my blog Scholars’ Prediction of the Indie Music Industry.
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Scholars’ Prediction of the Indie Music Industry. The “annihilation hypothesis” has been evaluated looking at a number of demand factors, aside from piracy, which could contribute to the decline in sales. Before turning to time series aggregate data from 1973-2002, researchers observed some of the underlying trends in the industry that may provide alternate explanations
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