Difference between revisions of "Towse (2013)"
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|Intervention-Response=* The non-profit nature of collecting societies has led to collaboration over how to deal with the challenges of new technologies and multi-territorial licensing | |Intervention-Response=* The non-profit nature of collecting societies has led to collaboration over how to deal with the challenges of new technologies and multi-territorial licensing | ||
* Less intervention by regulation from the state is recommended during this process | * Less intervention by regulation from the state is recommended during this process | ||
− | |Description of Data=This study examines the effect of digitisation on the music industry | + | |Description of Data=This study examines the effect of digitisation on sales in the music industry, with a particular focus on collection societies. The studies uses sales data from the financial reporting provided by Performing Rights Society for Music (PRS). |
|Data Year=2008 to 2013 | |Data Year=2008 to 2013 | ||
|Data Type=Secondary data | |Data Type=Secondary data |
Revision as of 06:20, 27 April 2016
Contents
Source Details
Towse (2013) | |
Title: | The Economic Effects of Digitization on the Administration of Musical Copyrights |
Author(s): | Ruth Towse |
Year: | 2013 |
Citation: | Towse, Ruth. The economic effects of digitization on the administration of musical copyrights. Review of Economic Research on Copyright Issues 10.2 (2013): 55-67. |
Link(s): | Definitive , Open Access |
Key Related Studies: | |
Discipline: | |
Linked by: | Towse (2017) |
About the Data | |
Data Description: | This study examines the effect of digitisation on sales in the music industry, with a particular focus on collection societies. The studies uses sales data from the financial reporting provided by Performing Rights Society for Music (PRS). |
Data Type: | Secondary data |
Secondary Data Sources: | |
Data Collection Methods: | |
Data Analysis Methods: | |
Industry(ies): | |
Country(ies): | |
Cross Country Study?: | Yes |
Comparative Study?: | No |
Literature review?: | No |
Government or policy study?: | Yes |
Time Period(s) of Collection: |
|
Funder(s): |
Abstract
Digitization has had a profound effect on the management of musical copyrights in terms of data requirements and has vastly increased the volume of transactions: both impacts have raised net costs of administration to collecting societies. This paper explores these points using information provided by PRS for Music, the UK’s collecting society managing musical rights and considers them in the wider context of moves on the political front to increase competition in rights management as well as to promote multi-territorial licensing within the EU. An important question for economists is whether the natural monopoly argument for single national collective rights management using blanket licensing still holds up with digitization of music and management of musical rights. This paper suggests that collaborative concentration may be preferable to competition.
Main Results of the Study
Digital technology is providing great challenges for the music industry and collecting societies within it, particularly with the adoption of new music streaming services. There is much collaboration taking place between societies and agencies in different territories; this is to be encouraged. While there is much discussion about the potential need for further regulation, it is recommended that regulation is not added while this collaboration takes place in order to avoid creating extra complexity.
Policy Implications as Stated By Author
- The non-profit nature of collecting societies has led to collaboration over how to deal with the challenges of new technologies and multi-territorial licensing
- Less intervention by regulation from the state is recommended during this process
Coverage of Study
Datasets
Sample size: | 1 |
Level of aggregation: | Collecting society financial data |
Period of material under study: | 2008 to 2013 |