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Is the music industry stuck between rock and a hard place? The role of the Internet and three possible scenarios

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  • Warr, Richard
  • Goode, Mark M.H.

Abstract

The Internet through the world-wide-web has well and truly opened ‘Pandora's Box’ as far as the record industry is concerned, and there is no going back. The extensive use of illegal file-sharing and illegal downloads of music tracks (totally for free) threatens the very survival of the record industry as we know it. Furthermore this behaviour threatens the very livelihoods of the employees, artists, and bands who work within the record industry. This paper reviews the current situation and then offers three possible scenarios for the future of the record industry (The Good, The Bad, and The Ugly). Firstly, The Good, where the record industry survives; secondly, The Bad where the record industry dies a slow death; and finally The Ugly, where the record industry dies very quickly. The consideration of several key factors involved will help the industry to focus on maintaining The Good.

Suggested Citation

  • Warr, Richard & Goode, Mark M.H., 2011. "Is the music industry stuck between rock and a hard place? The role of the Internet and three possible scenarios," Journal of Retailing and Consumer Services, Elsevier, vol. 18(2), pages 126-131.
    • Handle: RePEc:eee:joreco:v:18:y:2011:i:2:p:126-131
    DOI: 10.1016/j.jretconser.2010.12.008
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    References listed on IDEAS

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    Cited by:

    1. Cockrill, Antje & Liu, Yang, 2013. "Western popular music consumption by highly involved Chinese music fans," Journal of Retailing and Consumer Services, Elsevier, vol. 20(3), pages 263-271.
    2. Wang, Yi-Shun & Yeh, Ching-Hsuan & Liao, Yi-Wen, 2013. "What drives purchase intention in the context of online content services? The moderating role of ethical self-efficacy for online piracy," International Journal of Information Management, Elsevier, vol. 33(1), pages 199-208.
    3. Raffaele Fabio Ciriello & Alexandra Cecilie Gjøl Torbensen & Magnus Rotvit Perlt Hansen & Christoph Müller-Bloch, 2023. "Blockchain-based digital rights management systems: Design principles for the music industry," Electronic Markets, Springer;IIM University of St. Gallen, vol. 33(1), pages 1-21, December.
    4. Gamble, Jordan Robert & Brennan, Michael & McAdam, Rodney, 2017. "A rewarding experience? Exploring how crowdfunding is affecting music industry business models," Journal of Business Research, Elsevier, vol. 70(C), pages 25-36.

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