LECTURE: THE NEW ECONOMICS OF MUSIC
Umair Haque delivered a video as contribution to the Structures blog and ongoing discussions:
check the following link to see the video if it’s too slow here: bubblegeneration
| LECTURE: THE NEW ECONOMICS OF MUSIC |  |
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| Umair Haque [UK] |
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| Economist Umair Haque considers the current crisis of the music industry in the light of microeconomic information and contract theory. He thereby reaches the conclusion that file-sharing is not to blame for the drop in profits but rather, the music industry’s loss of credibility – for which the industry itself is to blame – which subsequently led consumers to look for alternatives or perhaps, even to rebel. From there, Haque goes on to expound strategic solutions that seek to balance the interests of producers, consumers and those spinning the deals. | ||||||