Difference between revisions of "Owen and O'Dair (2020)"

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|Title=How blockchain technology can monetize new music ventures: an examination of new business models
 
|Title=How blockchain technology can monetize new music ventures: an examination of new business models
 
|Year=2020
 
|Year=2020
 +
|Abstract=Purpose – This paper aims to examine how blockchain technology is disrupting business models for new
 +
venture finance.
 +
 +
Design/methodology/approach – The role of blockchain technology in the evolution of new business models to monetize the creative economy is explored by means of a case study approach. The focus is on the recorded music industry, which is in the vanguard of new forms of intermediation and financialization. There is a particular focus on emerging artists.
 +
 +
Findings – This paper provides novel case study insights and concludes by considering how further research can contribute to building a theory of technology-driven business models which apply to the development, on the one hand, of new forms of financial intermediaries, more correctly referred to as “infomediaries,” and on the other hand, to new forms of direct monetization by artists.
 +
 +
Originality/value – This paper provides early insight into the emerging potential applications of blockchain technologies to streamline music industry business service models and improve finance streams for new artists. The findings have far-reaching implications across the creative sector.
 +
 +
Keywords Blockchain, Businessmodels, Infomediaries, Music industry,New venture finance
 +
 +
Paper type Research paper
 
|Link=https://www.emerald.com/insight/content/doi/10.1108/JRF-03-2020-0053/full/html
 
|Link=https://www.emerald.com/insight/content/doi/10.1108/JRF-03-2020-0053/full/html
 +
|FundamentalIssue=2. Relationship between creative process and protection - what motivates creators (e.g. attribution; control; remuneration; time allocation)?
 +
|EvidenceBasedPolicy=D. Licensing and Business models (collecting societies; meta data; exchanges/hubs; windowing; crossborder availability)
 +
|Discipline=O32: Management of Technological Innovation and R&D
 +
|Intervention-Response="while blockchain is inherently disintermediating, it is also necessarily in need of legal enforcement of global rights and infomediary activities to ensure the promotion and more equitable payment of artists."
 
|Cross-country=No
 
|Cross-country=No
 
|Comparative=No
 
|Comparative=No

Revision as of 13:10, 13 October 2020

Advertising Architectural Publishing of books, periodicals and other publishing Programming and broadcasting Computer programming Computer consultancy Creative, arts and entertainment Cultural education Libraries, archives, museums and other cultural activities

Film and motion pictures Sound recording and music publishing Photographic activities PR and communication Software publishing Video game publishing Specialised design Television programmes Translation and interpretation

1. Relationship between protection (subject matter/term/scope) and supply/economic development/growth/welfare 2. Relationship between creative process and protection - what motivates creators (e.g. attribution; control; remuneration; time allocation)? 3. Harmony of interest assumption between authors and publishers (creators and producers/investors) 4. Effects of protection on industry structure (e.g. oligopolies; competition; economics of superstars; business models; technology adoption) 5. Understanding consumption/use (e.g. determinants of unlawful behaviour; user-generated content; social media)

A. Nature and Scope of exclusive rights (hyperlinking/browsing; reproduction right) B. Exceptions (distinguish innovation and public policy purposes; open-ended/closed list; commercial/non-commercial distinction) C. Mass digitisation/orphan works (non-use; extended collective licensing) D. Licensing and Business models (collecting societies; meta data; exchanges/hubs; windowing; crossborder availability) E. Fair remuneration (levies; copyright contracts) F. Enforcement (quantifying infringement; criminal sanctions; intermediary liability; graduated response; litigation and court data; commercial/non-commercial distinction; education and awareness)

Source Details

Owen and O'Dair (2020)
Title: How blockchain technology can monetize new music ventures: an examination of new business models
Author(s): Owen, R., O'Dair, M.
Year: 2020
Citation:
Link(s): , Open Access
Key Related Studies:
Discipline:
Linked by:
About the Data
Data Description:
Data Type:
Secondary Data Sources:
Data Collection Methods:
Data Analysis Methods:
Industry(ies):
Country(ies):
Cross Country Study?: No
Comparative Study?: No
Literature review?: No
Government or policy study?: No
Time Period(s) of Collection:
Funder(s):

Abstract

Purpose – This paper aims to examine how blockchain technology is disrupting business models for new venture finance.

Design/methodology/approach – The role of blockchain technology in the evolution of new business models to monetize the creative economy is explored by means of a case study approach. The focus is on the recorded music industry, which is in the vanguard of new forms of intermediation and financialization. There is a particular focus on emerging artists.

Findings – This paper provides novel case study insights and concludes by considering how further research can contribute to building a theory of technology-driven business models which apply to the development, on the one hand, of new forms of financial intermediaries, more correctly referred to as “infomediaries,” and on the other hand, to new forms of direct monetization by artists.

Originality/value – This paper provides early insight into the emerging potential applications of blockchain technologies to streamline music industry business service models and improve finance streams for new artists. The findings have far-reaching implications across the creative sector.

Keywords Blockchain, Businessmodels, Infomediaries, Music industry,New venture finance

Paper type Research paper

Main Results of the Study

Policy Implications as Stated By Author

"while blockchain is inherently disintermediating, it is also necessarily in need of legal enforcement of global rights and infomediary activities to ensure the promotion and more equitable payment of artists."



Coverage of Study

Coverage of Fundamental Issues
Issue Included within Study
Relationship between protection (subject matter/term/scope) and supply/economic development/growth/welfare
Relationship between creative process and protection - what motivates creators (e.g. attribution; control; remuneration; time allocation)?
Green-tick.png
Harmony of interest assumption between authors and publishers (creators and producers/investors)
Effects of protection on industry structure (e.g. oligopolies; competition; economics of superstars; business models; technology adoption)
Understanding consumption/use (e.g. determinants of unlawful behaviour; user-generated content; social media)
Coverage of Evidence Based Policies
Issue Included within Study
Nature and Scope of exclusive rights (hyperlinking/browsing; reproduction right)
Exceptions (distinguish innovation and public policy purposes; open-ended/closed list; commercial/non-commercial distinction)
Mass digitisation/orphan works (non-use; extended collective licensing)
Licensing and Business models (collecting societies; meta data; exchanges/hubs; windowing; crossborder availability)
Green-tick.png
Fair remuneration (levies; copyright contracts)
Enforcement (quantifying infringement; criminal sanctions; intermediary liability; graduated response; litigation and court data; commercial/non-commercial distinction; education and awareness)

Datasets

{{{Dataset}}}