On the Reproduction of the Musical Economy after the Internet

Abstract

The chapter explores the relationship between music and value, and develops the argument that the music industry’s problems are deeper and more long-standing than the recent furore over MP3 and other software formats would suggest. Nevertheless, the emergence of internet piracy is one of the most important episodes in the history of the music industry, and it has acted as a catalyst to usher in a period of significant reorganization. The chapter considers the proliferation of music business models that have emerged within the industry’s expanded ecology as it responds to, and seeks to incorporate, internet-based distribution models. These models may be emerging as more appropriate forms of accumulation and reproduction than the per-unit pricing model upon which the music industry was based for most of the twentieth century.

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