From the early days of record labels to the rise of streaming, the business of music has changed enormously. In this episode, we are joined by radio broadcaster and writer Alan Cross, to unpack the economics of the music world. From the cultural gate keepers of the mid 20th century to the era of Napster, Mp3s and iTunes, the way music fans have purchased, interacted, and consumed music has changed, and along with them so has the business model. Alan walks us through these changes, focusing on the ways distribution, touring, and budgets have shifted to keep up with newest trends. For any music lovers out there, this episode is an insightful look at the industry by one of the most knowledgeable names in music.

• learn about different business models used in the music industry
• understand how the music industry has evolved to keep up with consumer trends
• learn how artists and labels make money in the streaming era

• music industry before the age of digital music
• various economic models of the music industry
• the move from vinyls to CDs
• the collapse of the traditional music industry
• the rise of Spotify and YouTube
• the economics of touring
• changing relationship between fans, musicians and record labels
• how musicians get paid through the Spotify model
• how music has changed and advice for best areas to focus in the music industry

Presenter

About This Product

On-Demand Courses by LumiQ. LumiQ is a podcast company where engaging conversations with business leaders also count as verifiable CPD. We go out and find business, accounting and finance leaders to interview about their expertise and experiences, and you get verifiable CPD for learning from the world’s top minds. Some days, you’ll find yourself immersed in the world of start-ups, or captivated with the story of how Bernie Madoff pulled off the largest fraud in human history. Maybe you’ll want to learn about how the music industry’s business model has changed over time? Whatever you’re interested in and will feed your natural curiosity of how businesses work, you’ll find on the LumiQ podcast. LumiQ is an enjoyable way to earn CPD.

Please note that not all on-demand courses include downloadable materials such as course notes or slides.

How to get started

Upon completion of purchase, go to mylms.bccpa.ca and log in using your CPABC Online Services credentials. Click “Go to your Courses and Materials” to go to your Learning Center, then find and click on your course title.