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Direct memberships in foreign copyright collecting societies as an entrepreneurial opportunity for music publishers – needs, challenges, opportunities and solutions

Author

Listed:
  • Stephan Klingner

    (Computer Center at the University of Leipzig)

  • Mihail Miller

    (Computer Center at the University of Leipzig)

  • Michael Becker

    (Computer Center at the University of Leipzig)

  • Frank Schumacher

    (Computer Center at the University of Leipzig)

Abstract

In the competitive, increasingly international music business, publishers are developing new ways to increase effectiveness and efficiency of the monetization of the copyrights they own or manage. Driven by various needs, publishers become entrepreneurs in new markets by choosing the path of direct memberships in foreign copyright collecting societies, rather than entrusting sub-publishers or taking the detour through their domestic copyright collecting society. Since with great power comes great responsibility, publishers as entrepreneurs are pursuing various economic opportunities, but at the same time are also facing great challenges. This paper aims at studying the motivation, obstacles and potentials and deriving possible solutions for this step and thus improving the understanding of as well as supporting publishers in this entrepreneurial activity.

Suggested Citation

  • Stephan Klingner & Mihail Miller & Michael Becker & Frank Schumacher, 2021. "Direct memberships in foreign copyright collecting societies as an entrepreneurial opportunity for music publishers – needs, challenges, opportunities and solutions," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 45(4), pages 633-670, December.
    • Handle: RePEc:kap:jculte:v:45:y:2021:i:4:d:10.1007_s10824-021-09412-9
    DOI: 10.1007/s10824-021-09412-9
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    References listed on IDEAS

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    3. Danny Miller, 1983. "The Correlates of Entrepreneurship in Three Types of Firms," Management Science, INFORMS, vol. 29(7), pages 770-791, July.
    4. Ivan L. Pitt, 2010. "Economic Analysis of Music Copyright," Springer Books, Springer, number 978-1-4419-6318-5, June.
    5. Wendy J. Gordon & Richard Watt (ed.), 2003. "The Economics of Copyright," Books, Edward Elgar Publishing, number 2998.
    6. Davidsson, Per, 2015. "Entrepreneurial opportunities and the entrepreneurship nexus: A re-conceptualization," Journal of Business Venturing, Elsevier, vol. 30(5), pages 674-695.
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    Cited by:

    1. Ellen Loots & Diana Betzler & Trine Bille & Karol Jan Borowiecki & Boram Lee, 2022. "New forms of finance and funding in the cultural and creative industries. Introduction to the special issue," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 46(2), pages 205-230, June.

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