8.Internet File Sharing: Napster and friends 9.Multi-channel audio: DVD-Audio and SACD.

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8.Internet File Sharing: Napster and friends 9.Multi-channel audio: DVD-Audio and SACD

Turn of the century Question: What are the current trends in the recorded music industry?

Media Industry Structure: Oligopoly The “few” selling to the many: Dominant firm oligopoly: One firm holds 50-90% of the market Tight oligopoly: Four firms hold more than 60% of the market Effective competition: More than four firms (but less than “many”) hold 60% of the market

Universal/NBC (United States) Vividendi/Universal (France) BMG/Sony Music Group

Artistic Community Contracted Artists Talent Scouts Production Recording Industry Managerial Society/Culture Retail INNOVATION The production cycle of popular music Indies

8. File Sharing, copyright, and profit

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