menu Home chevron_right
Music theme

Music, Economics, and Beyond

tazz | 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 tazz

Comments

This post currently has no comments.

Leave a Reply





This area can contain widgets, menus, shortcodes and custom content. You can manage it from the Customizer, in the Second layer section.

 

 

 

Newsletter

  • cover play_circle_filled

    RZZR Radio

  • cover play_circle_filled

    01. Feel my dreams
    Tom Cuffia

    2,50
  • cover play_circle_filled

    01. Cyborgphunk
    Grover Crime, J PierceR

    file_download
  • cover play_circle_filled

    02. Glitch city
    R. Galvanize, Morris Play

    add_shopping_cart
  • cover play_circle_filled

    03. Neuralink
    Andy Mart, Terry Smith

    add_shopping_cart
  • cover play_circle_filled

    04. Chemical happyness
    Primal Beat, Kelsey Love

    add_shopping_cart
  • cover play_circle_filled

    05. Brain control
    Grover Crime

    add_shopping_cart
  • cover play_circle_filled

    01. Neural control
    Kenny Bass, Paul Richards

    add_shopping_cart
  • cover play_circle_filled

    02. Prefekt
    Kenny Bass, Paul Richards, R. Galvanize

    add_shopping_cart
  • cover play_circle_filled

    03. Illenium
    Grover Crime, J PierceR

    add_shopping_cart
  • cover play_circle_filled

    04. Distrion Alex Skrindo
    Black Ambrose, Dixxon, Morris Play, Paul Richards

    add_shopping_cart
  • cover play_circle_filled

    Summer Festival Podcast
    Robot Heart

  • cover play_circle_filled

    Electronic Trends Podcast
    Aaron Mills

  • cover play_circle_filled

    New Year Eve Podcast
    Robot Heart

  • cover play_circle_filled

    Techno Podcast
    Robot Heart

  • cover play_circle_filled

    Flower Power Festival Podcast
    Robot Heart

  • cover play_circle_filled

    Tech House Podcast
    Robot Heart

  • cover play_circle_filled

    Winter Festival Podcast
    Robot Heart

  • cover play_circle_filled

    Live Podcast 010
    Kenny Bass

  • cover play_circle_filled

    Live Podcast 009
    Paula Richards

  • cover play_circle_filled

    Live Podcast 008
    R. Galvanize

  • cover play_circle_filled

    Live Podcast 007
    Kenny Bass

  • cover play_circle_filled

    Live Podcast 006
    J PierceR

  • cover play_circle_filled

    Live Podcast 005
    Gale Soldier

  • cover play_circle_filled

    Live Podcast 004
    Kelsey Love

  • cover play_circle_filled

    Live Podcast 003
    Rodney Waters

play_arrow skip_previous skip_next volume_down
playlist_play