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

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

7. 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

8. Universal/NBC (United States)
2003
Universal/NBC (United States)

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

11. 8. File Sharing, copyright, and profit