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Peterson and Berger revisited: Changing market dominance in the British popular music industry, c.1950-80

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  • Terry Gourvish
  • Kevin Tennent

Abstract

In studies of the popular music industry, there has been much interest in the market share of the leading firms (majors), and the apparent connections between a high level of concentration and musical innovation and diversity. Peterson and Berger argued that in the United States the majors lost market share to independent companies in 1955-62, then recovered their position to 1973. This article uses a newly-constructed database and concentration measures to test the proposition in relation to Britain for 1952-75. We find that British majors also lost market share, but the process started much later, and was not followed by a recovery. Instead, American majors entered the market directly from the late 1960s.

Suggested Citation

  • Terry Gourvish & Kevin Tennent, 2010. "Peterson and Berger revisited: Changing market dominance in the British popular music industry, c.1950-80," Business History, Taylor & Francis Journals, vol. 52(2), pages 187-206.
    • Handle: RePEc:taf:bushst:v:52:y:2010:i:2:p:187-206
    DOI: 10.1080/00076791003610717
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    Cited by:

    1. Bakker, Gerben, 2012. "Adopting the rights-based model: music multinationals and local music industries since 1945," Economic History Working Papers 47507, London School of Economics and Political Science, Department of Economic History.

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