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2024 | OriginalPaper | Buchkapitel

5. The Global Marketplace for Music

verfasst von : Christie Byun

Erschienen in: The Economics of the Popular Music Industry

Verlag: Springer Nature Switzerland

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Abstract

There are developing music markets around the world, and technology has made it easier for musicians to reach fans in faraway places. Global music markets are important on a domestic basis as well as for more export-oriented growth. The major labels have signaled their interest in reaching these markets by establishing branch offices in various regions, including the Middle East and North Africa. Each country has unique preferences for types of music and ways to consume it. Any musician looking to break into these markets must consider how to tailor their offerings in terms of the kind of music they make, the languages they perform in, and the ways that local and national markets produce and consume music in either physical or digital form. An example of music that has transnational appeal is K-pop, with stars trained at an early age to become appealing media figures. K-pop has played a significant role in influencing how music is made and marketed, and has become a significant part of the South Korean government’s emphasis on cultural products as a form of soft power.

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Fußnoten
1
This does not include music publishing or live concerts, but only recorded music and the revenues it generates from other uses like movies, television, advertisements, etc.
 
3
IFPI Global Music Report 2022.
 
4
“Japan Music Market,” International Trade Administration.
 
5
Looi (2016).
 
6
Tower Records has experienced a small revival in the U.S., with a new location called Tower Labs, located in Brooklyn, NY, which opened on November 4, 2022.
 
7
Hu (2017).
 
8
Manuel (2013).
 
9
Mitter (2023).
 
10
Hu (2017).
 
11
Ibid.
 
12
IFPI Global Music Report 2022.
 
13
Demby (2013).
 
14
Nye (2005).
 
15
Ahn (2022).
 
16
Solsman (2021).
 
17
Yeung (2023).
 
18
Shim (2006).
 
19
Gruger (2012).
 
22
See Parc (2022).
 
23
Shim (2006).
 
24
Chang (2020).
 
Literatur
Zurück zum Zitat Ahn, A. (2022). Enrollment in Korean Classes Has Shot Up. Thanks K-Pop, National Public Radio. Ahn, A. (2022). Enrollment in Korean Classes Has Shot Up. Thanks K-Pop, National Public Radio.
Zurück zum Zitat Demby, G. (2013). Remembering the Woman Who Gave Motown Its Charm. National Public Radio. Demby, G. (2013). Remembering the Woman Who Gave Motown Its Charm. National Public Radio.
Zurück zum Zitat Gruger, W. (2012). Psy’s ‘Gangnam Style’ Video Hits 1 Billion Views, Unprecedented Milestone. Billboard.com. Gruger, W. (2012). Psy’s ‘Gangnam Style’ Video Hits 1 Billion Views, Unprecedented Milestone. Billboard.com.
Zurück zum Zitat Manuel, P. (2013). Democratizing Indian Popular Music: From Cassette Culture to the Digital Era. City University of New York Academic Works. Manuel, P. (2013). Democratizing Indian Popular Music: From Cassette Culture to the Digital Era. City University of New York Academic Works.
Zurück zum Zitat Mitter, S. (2023). Spotify Leads JioSaavn, YouTube Music, Others with 26% Share in India’s Audio-Streaming Market. BusinessToday.com. Mitter, S. (2023). Spotify Leads JioSaavn, YouTube Music, Others with 26% Share in India’s Audio-Streaming Market. BusinessToday.com.
Zurück zum Zitat Nye, J. (2005). Soft Power: The Means to Success in World Politics. PublicAffairs. Nye, J. (2005). Soft Power: The Means to Success in World Politics. PublicAffairs.
Zurück zum Zitat Shim, D. (2006). Hybridity and the Rise of Korean Popular Culture in Asia. Media, Culture, and Society, 28(1), 25–44.CrossRef Shim, D. (2006). Hybridity and the Rise of Korean Popular Culture in Asia. Media, Culture, and Society, 28(1), 25–44.CrossRef
Zurück zum Zitat Solsman, J. (2021). Netflix’s Squid Game Was Even Bigger Than You Thought—2.1B Hours Big. Cnet.com. Solsman, J. (2021). Netflix’s Squid Game Was Even Bigger Than You Thought—2.1B Hours Big. Cnet.com.
Zurück zum Zitat Yeung, J. (2023). South Korea Brought K-Pop and K-Dramas to the World. The Korean Language Could Be Next. CNN.com. Yeung, J. (2023). South Korea Brought K-Pop and K-Dramas to the World. The Korean Language Could Be Next. CNN.com.
Metadaten
Titel
The Global Marketplace for Music
verfasst von
Christie Byun
Copyright-Jahr
2024
DOI
https://doi.org/10.1007/978-3-031-49899-2_5