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Music or Hi-Tech Lovers? An Empirical Analysis of the Digital Music Market in Italy

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Author Info
Francesco BALDUCCI () (Universita' Politecnica delle Marche, Dipartimento di Economia)
Abstract

Using survey data on cultural consumption by about 650 university students, this article proposes a market segmentation and some rule-of-thumb policy implications for the music industry. Consumption behaviors, listening habits and musical preferences are explained by a large number of variables Nevertheless it is possible to reduce this overload of information into two common factors (using factor analysis). Cluster analysis is accordingly used to group the students-consumers: the digital music lovers cluster is the most profitable for the music industry, whilst those of uninterested subjects and pure hi-tech lovers are the least. The analysis shows that the new digital technologies (for example file sharing) may be harmful for the music industry only within one specific group of consumers. New technologies can instead promote music consumption (especially of live music) by the other categories. By investing in music knowledge and enjoyment, it is possible to make consumers buy digital music legally from authorized sites.

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File URL: http://dea.univpm.it/quaderni/pdf/324.pdf
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File Function: First version, 2008
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Publisher Info
Paper provided by Universita' Politecnica delle Marche (I), Dipartimento di Economia in its series Working Papers with number 324.

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Date of creation: Jul 2008
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Handle: RePEc:anc:wpaper:324

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Web page: http://dea.univpm.it/

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Related research
Keywords: market segmentation media music technological change

Find related papers by JEL classification:
L82 - Industrial Organization - - Industry Studies: Services - - - Entertainment; Media
O33 - Economic Development, Technological Change, and Growth - - Technological Change - - - Technological Change: Choices and Consequences; Diffusion Processes
Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature

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This page was last updated on 2008-11-17.

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