Author: Belinfante, Alexander and Johnson, Richard L.

Publication Year: 1981

Media Type: Report

Summary:

Most of the firms in the record music industry are subsidiaries or affiliates of conglomerate enterprises or privately held companies for which information with respect to profits is very limited. It is impossible to evaluate the profit performance for firms in the industry with currently available data.

Abstract:

Most of the firms in the record music industry are subsidiaries or affiliates of conglomerate enterprises or privately held companies for which information with respect to profits is very limited. It is impossible to evaluate the profit performance for firms in the industry with currently available data. Competition in the industry is less price oriented and more product differentiation oriented. The main form of product differentiation is the provision of different recordings by different artists, each of whom generally has an exclusive contract with the recording company or master producer. The growth of the industry and the relative ease of entry into the industry is the primary factor contributing to the trend of deconcentration in the 1960's.

Arts & Intersections:

Categories: Creative Economies