Back in black: rethinking core competencies of the recorded music industry

Holly Tessler

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

This chapter looks at key changes within the recorded music industry over the last 20 years. Looking specifically at the implications of (1) key legal rulings and (2) the nature of 360 degree deals, the chapter argues that the recorded music sector has been undergoing a transformational process, rethinking its core competencies and developing strategic partnerships throughout the music and creative industries, moving away from a model based almost exclusively on consumer sales and towards one based on a range of business-to-business partnerships across the creative industries. In this regard, the recorded music sector can be seen as adapting rather than collapsing in the face of industrial upheaval. It has shifted from an industry that sells records to an industry that sells cultural brands, or narratives, often via the medium of recorded music. Strategic alliances with firms within other sectors of the music industries and indeed from across all sectors of the creative industries have enabled record labels (or ‘music companies’) to extend the reach of music across multiple media and across multiple platforms in a way that is not only financially pragmatic but also culturally resonant within contemporary popular culture.
Original languageEnglish
Title of host publicationBusiness Innovation and Disruption in the Music Industry
EditorsPatrik Wikström, Robert DeFillippi
Place of PublicationCheltenham, UK
PublisherEdward Elgar Publishing
Chapter2
Pages33-52
Number of pages20
ISBN (Print)9781783478149
DOIs
Publication statusPublished - 29 Jan 2016

Fingerprint

Music
Core competencies
Music industry
Creative industries
Industry
Business to business
Strategic partnership
Popular culture
Strategic alliances

Keywords

  • business and management
  • knowledge management
  • organisational innovation
  • innovation and technology

Cite this

Tessler, H. (2016). Back in black: rethinking core competencies of the recorded music industry. In P. Wikström, & R. DeFillippi (Eds.), Business Innovation and Disruption in the Music Industry (pp. 33-52). Cheltenham, UK: Edward Elgar Publishing. https://doi.org/10.4337/9781783478156.00008
Tessler, Holly. / Back in black : rethinking core competencies of the recorded music industry. Business Innovation and Disruption in the Music Industry. editor / Patrik Wikström ; Robert DeFillippi. Cheltenham, UK : Edward Elgar Publishing, 2016. pp. 33-52
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Tessler, H 2016, Back in black: rethinking core competencies of the recorded music industry. in P Wikström & R DeFillippi (eds), Business Innovation and Disruption in the Music Industry. Edward Elgar Publishing, Cheltenham, UK, pp. 33-52. https://doi.org/10.4337/9781783478156.00008

Back in black : rethinking core competencies of the recorded music industry. / Tessler, Holly.

Business Innovation and Disruption in the Music Industry. ed. / Patrik Wikström; Robert DeFillippi. Cheltenham, UK : Edward Elgar Publishing, 2016. p. 33-52.

Research output: Chapter in Book/Report/Conference proceedingChapter

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Tessler H. Back in black: rethinking core competencies of the recorded music industry. In Wikström P, DeFillippi R, editors, Business Innovation and Disruption in the Music Industry. Cheltenham, UK: Edward Elgar Publishing. 2016. p. 33-52 https://doi.org/10.4337/9781783478156.00008