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The Dynamics of Chart Success in the UK Pre-Resorded Popular Music Industry

Author

Listed:
  • Strobl, E.
  • Tucker, C.

Abstract

In this paper we investigate the dynamics of chart success in the UK pre-recorded popular music industry over the period 1980 to 1993 using British album chart listings. We find that the incidence of chart succedd is substantially skewed to the right, whether measured by total weeks spent per artist, average weeks spent per album, or the total number of albums listed per artist. We subsequently investigate possible determinants of the length of chart survival of albums in order to determine what may be driving the observed skewness. Our results indicate that the type of album, seasonal demand, and initial popularity play an important role in ensuring continued chart listing of an album.

Suggested Citation

  • Strobl, E. & Tucker, C., 1999. "The Dynamics of Chart Success in the UK Pre-Resorded Popular Music Industry," Papers 99/10, College Dublin, Department of Political Economy-.
  • Handle: RePEc:fth:dublec:99/10
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    References listed on IDEAS

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    1. Evans, David S & Jovanovic, Boyan, 1989. "An Estimated Model of Entrepreneurial Choice under Liquidity Constraints," Journal of Political Economy, University of Chicago Press, vol. 97(4), pages 808-827, August.
    2. Hamlen, William A, Jr, 1991. "Superstardom in Popular Music: Empirical Evidence," The Review of Economics and Statistics, MIT Press, vol. 73(4), pages 729-733, November.
    3. Andrew Burke, 1996. "The dynamics of product differentiation in the British record industry," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 20(2), pages 145-164, June.
    4. L. Wade, 1988. "Review," Public Choice, Springer, vol. 58(1), pages 99-100, July.
    5. MacDonald, Glenn M, 1988. "The Economics of Rising Stars," American Economic Review, American Economic Association, vol. 78(1), pages 155-166, March.
    6. Chung, Kee H & Cox, Raymond A K, 1994. "A Stochastic Model of Superstardom: An Application of the Yule Distribution," The Review of Economics and Statistics, MIT Press, vol. 76(4), pages 771-775, November.
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    Citations

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    Cited by:

    1. Brinja Meiseberg, 2014. "Trust the artist versus trust the tale: performance implications of talent and self-marketing in folk music," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 38(1), pages 9-42, February.
    2. Andrés González-Moralejo, S & Compés López, R, 2009. "Problemas contractuales y acuerdos de subcontratación: El caso de la logística frigorífica en la industria alimentaria valenciana/," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 27, pages 279(30á)-27, Abril.
    3. Sumiko Asai, 2011. "Demand analysis of hit music in Japan," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 35(2), pages 101-117, May.
    4. David Giles, 2007. "Increasing returns to information in the US popular music industry," Applied Economics Letters, Taylor & Francis Journals, vol. 14(5), pages 327-331.
    5. repec:kap:jculte:v:41:y:2017:i:4:d:10.1007_s10824-016-9272-y is not listed on IDEAS
    6. Sudip Bhattacharjee & Ram D. Gopal & Kaveepan Lertwachara & James R. Marsden & Rahul Telang, 2007. "The Effect of Digital Sharing Technologies on Music Markets: A Survival Analysis of Albums on Ranking Charts," Management Science, INFORMS, vol. 53(9), pages 1359-1374, September.
    7. David Giles, 2007. "Survival of the hippest: life at the top of the hot 100," Applied Economics, Taylor & Francis Journals, vol. 39(15), pages 1877-1887.
    8. Jonathan Gander & Alison Rieple, 2004. "How Relevant is Transaction Cost Economics to Inter-Firm Relationships in the Music Industry?," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 28(1), pages 57-79, February.
    9. Sudip Bhattacharjee & Ram D. Gopal & Kaveepan Lertwachara & James R. Marsden & Rahul Telang, 2005. "The Effect of P2P File Sharing on Music Markets: A Survival Analysis of Albums on Ranking Charts," Working Papers 05-26, NET Institute, revised Oct 2005.
    10. Andrew E Burke, 2011. "The Music Industry," Chapters,in: A Handbook of Cultural Economics, Second Edition, chapter 41 Edward Elgar Publishing.
    11. Ronnie J. Phillips & Ian C. Strachan, 2016. "Breaking up is hard to do: the resilience of the rock group as an organizational form for creating music," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 40(1), pages 29-74, February.
    12. Andrea Ordanini, 2006. "Selection models in the music industry: How a prior independent experience may affect chart success," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 30(3), pages 183-200, December.
    13. repec:eee:ijrema:v:33:y:2016:i:2:p:297-313 is not listed on IDEAS
    14. Samuel Cameron, 2016. "Past, present and future: music economics at the crossroads," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 40(1), pages 1-12, February.
    15. Mehrafshan, Nima & Goerke, Björn & Clement, Michel, 2016. "The Effect of Unexpected Chart Positions on the Firm Value of Music Labels. An Event Study of Album Success," EconStor Preprints 142161, ZBW - German National Library of Economics.

    More about this item

    Keywords

    MUSIC ; CULTURAL INDUSTRY;

    JEL classification:

    • L82 - Industrial Organization - - Industry Studies: Services - - - Entertainment; Media

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