MDST*2020 Lecture Notes - Lecture 7: Freemium
Week 7: Recording Industry
-U.S. revenues peaked in 1999 at 14.5 billion dollars
-In 2014, revenue is now 6.9 billion dollars
-American sales account for approximately 1/3rd of global sales
-Canada is in 5th place in terms of global sales
Recording Industry Changes
-Develops as a way to sell physical objects (records, CDs etc). This is changing
-From CDs to digital to streaming
-Moving away from ownership of music to access
-Freemium
What do labels do?
-Artist and Repertoire
-Recording Process
-Selling the Music
-What do Labels do?
Recording Industry A Typical CD Digital Download
Other Revenue Breakdowns:
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