Difference between revisions of "Owen and O'Dair (2020)"
(Saved using "Save and continue" button in form) |
m (Saved using "Save and continue" button in form) |
||
Line 5: | Line 5: | ||
|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
Contents
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
Datasets
{{{Dataset}}}