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dc.contributor.authorNaveed, Kashif
dc.contributor.authorWatanabe, Chihiro
dc.contributor.authorNeittaanmäki, Pekka
dc.date.accessioned2017-05-24T08:46:15Z
dc.date.available2019-04-07T21:35:33Z
dc.date.issued2017
dc.identifier.citationNaveed, K., Watanabe, C., & Neittaanmäki, P. (2017). Co-evolution between streaming and live music leads a way to the sustainable growth of music industry : Lessons from the US experiences. <em>Technology in Society</em>, 50, 1-19. <a href="https://doi.org/10.1016/j.techsoc.2017.03.005">doi:10.1016/j.techsoc.2017.03.005</a>
dc.identifier.otherTUTKAID_73441
dc.identifier.urihttps://jyx.jyu.fi/handle/123456789/54093
dc.description.abstractWhile digitization of music, particularly streaming services, has gained increasing popularity, it has also led to a steady decline in the revenues of recorded music industry. This is causing strong concern regarding a potential collapse of the music industry comparable to other print media industries such as newspaper and book publishing. However, recent changes in the music industry initiated by a resurgence of the live music industry are giving rise to some expectations for the survival and growth of the music industry. The parallel paths of increasing popularity of streaming services and a resurgence of live music suggest that these two dynamics are working together in a co-evolutionary way toward the sustainability of the music industry. This paper attempts to elucidate the co-evolutionary dynamism between the increasing popularity of streaming music and the resurgence of live music. An empirical analysis of monthly trends over the period of the last three decades in the US music industry by its sectors revealed that (i) the co-evolution between streaming and live music industries has functioned well over the last few years, (ii) the live music industry has incorporated a self-propagating function by assimilating innovations previously initiated by digital music, (iii) given the above co-evolution, the recent resurging trend in the music industry can be sustained, (iv) the advancement of digital innovations such as artificial intelligence, machine learning, fintech, virtual reality, big data, and social media by enabling such coevolution have transformed the live music industry into a “live-concert-streaming music industry” (LCSMI) that further enabling the participative creativity of its stakeholders. For these collaborative and cultural industries to function in harmony, trust between its participating stakeholders is very crucial. This analysis suggests the significance of a trust-based ICT-driven disruptive business model (IDBM) with a consolidated challenge for social demand (CCSD) for the development of cultural industries.
dc.language.isoeng
dc.publisherElsevier Ltd.
dc.relation.ispartofseriesTechnology in Society
dc.subject.othermusiikkiteollisuus
dc.subject.otherelävä musiikki
dc.subject.otherkonsertit
dc.subject.othersuoratoisto
dc.subject.otherkulttuuriteollisuus
dc.subject.otherliiketoimintamallit
dc.subject.othermusic industry
dc.subject.otherlive music
dc.subject.otherconcerts
dc.subject.otherstreaming
dc.subject.othercultural industry
dc.subject.otherbusiness models
dc.subject.otherlive-concert-streaming music industry
dc.subject.otherco-evolution
dc.subject.othertrust-based IDBM with CCSD
dc.titleCo-evolution between streaming and live music leads a way to the sustainable growth of music industry : Lessons from the US experiences
dc.typearticle
dc.identifier.urnURN:NBN:fi:jyu-201705122322
dc.contributor.laitosInformaatioteknologian tiedekuntafi
dc.contributor.laitosFaculty of Information Technologyen
dc.contributor.oppiaineTietojärjestelmätiede
dc.contributor.oppiaineTietotekniikka
dc.type.urihttp://purl.org/eprint/type/JournalArticle
dc.date.updated2017-05-12T15:15:05Z
dc.type.coarjournal article
dc.description.reviewstatuspeerReviewed
dc.format.pagerange1-19
dc.relation.issn0160-791X
dc.relation.volume50
dc.type.versionacceptedVersion
dc.rights.copyright© 2017 Elsevier Ltd. This is a final draft version of an article whose final and definitive form has been published by Elsevier. Published in this repository with the kind permission of the publisher.
dc.rights.accesslevelopenAccessfi
dc.relation.doi10.1016/j.techsoc.2017.03.005


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