Home
Music theme

Music, Economics, and Beyond

admin | November 4, 2020

According to author Stephen J. Dubner, “The smartest thing about the Rolling Stones under Jagger’s leadership is the band’s workmanlike, corporate approach to touring. The economics of pop music include two main revenue streams: record sales and touring profits. Record sales are a) unpredictable; and b) divided up among many parties.

If you learn how to tour efficiently, meanwhile, the profits–including not only ticket sales but also corporate sponsorship, t-shirt sales, etc.,–can be staggering. You can essentially control how much you earn by adding more dates, whereas it’s hard to control how many records you sell.” (“Mick Jagger, Profit Maximizer,” Freakonomics Blog, 26 July 2007).

In order to get a handle on the problems brought about by digital media in the music industry, we turn to the data most relied upon by the industry. This data comes through Neilsen SoundScan which operates a system for collecting information and tracking sales. Most relevant to the topic of this column, SoundScan provides the official method for tracking sales of music and music video products throughout the United States and Canada.

The company collects data on a weekly basis and makes it available every Wednesday to subscribers from all facets of the music industry. These include executives of record companies, publishing firms, music retailers, independent promoters, film entertainment producers and distributors, and artist management companies. Because SoundScan provides the sales data used by Billboard, the leading trade magazine, for the creation of its music charts, this role effectively makes SoundScan the official source of sales records in the music industry.

Written by admin

Comments

This post currently has no comments.

Leave a Reply





  • cover play_circle_filled

    01. Prelude

  • cover play_circle_filled

    02. After A Long Time

  • cover play_circle_filled

    03. Heaven Above

  • cover play_circle_filled

    04. Queen of the Night
    W.A.Mozart

  • cover play_circle_filled

    05. Hurt

  • cover play_circle_filled

    01. Allegro
    Vivaldi, Violin Concerto in G minor, RV 332

    add_shopping_cart
  • cover play_circle_filled

    02. Presto
    Bach, Oboe Concerto in D Minor, BWV 974

    add_shopping_cart
  • cover play_circle_filled

    03. Campanella
    Paganini, Violin Concerto in B minor, No.2, Op.7

    add_shopping_cart
  • cover play_circle_filled

    04. Andante
    Schubert, Trio No. 2 in E-flat major, D.929

    add_shopping_cart
  • cover play_circle_filled

    05. The Nutcracker Suite
    Tchaikovsky, Andante Op.71a

    add_shopping_cart
  • cover play_circle_filled

    06. Menuet
    Bach, Menuet in G minor, BWV Anh. 115

    add_shopping_cart
  • cover play_circle_filled

    07. Mars
    Bach, Violin Concerto in D minor, BWV 1043

    add_shopping_cart
  • cover play_circle_filled

    08. Prelude
    Bach, Organ Concerto in D-minor, BWV 596

    add_shopping_cart
  • cover play_circle_filled

    09. Jupiter
    Bach, Violin Concerto in D minor, BWV 1043

    add_shopping_cart
  • cover play_circle_filled

    10. Venera
    Bach, Violin concerto in A minor, BWV 1041

    add_shopping_cart
  • cover play_circle_filled

    11. Mercury
    Bach, Concerto for Violin and Oboe in c minor, BWV 1060

    add_shopping_cart
  • cover play_circle_filled

    12. Solfeggettio
    C.P.E.Bach, Solfeggio in C minor, H.220

    add_shopping_cart
  • cover play_circle_filled

    13. Toccata
    Bach, Toccata in D minor, BWV 565

    add_shopping_cart
  • cover play_circle_filled

    14. Fuga
    Bach, Fuga in D minor, BWV 565

    add_shopping_cart
  • cover play_circle_filled

    15. Siciliano
    Bach, Flute Sonata in E-flat major, BWV 1031

    add_shopping_cart
  • cover play_circle_filled

    16. Dorian
    Bach, Toccata Dorian in D minor, BWV 538

    add_shopping_cart
  • cover play_circle_filled

    17. Sonata
    Mozart, Piano Sonata No.16 in C major, K.545

    add_shopping_cart
  • cover play_circle_filled

    18. Rondo
    Mozart, Serenade No. 13 for strings in G major, K.525

    add_shopping_cart
  • cover play_circle_filled

    19. Capriccio 24
    Paganini Caprices for Solo Violin, Op.1 No. 24

    add_shopping_cart
  • cover play_circle_filled

    20. Endlines
    Beethoven, Piano Sonata No. 14 in C-sharp minor

    add_shopping_cart
play_arrow skip_previous skip_next volume_down
playlist_play