Change!and!Growth!of!Australian!Music!Value!Chains! Page!5
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Abstract+
The" Australian" music" industry" is" growing" and" developing" yet" specific"
information"about"the"ways"in"which"distribution"systems"develop"is"limited."In"
this"study"I"examined"the"growth"and"change"of"the"Australian"music"value"chain.""
This"includes"the"development"of"digital"distribution"systems"and"the"effect"that"
peer‐to‐peer" technology" has" on" system" development," specifically" the"
disintermediation" between" consumers" and" artists" to" the" detriment" of" the"
multinational"value"chains."The"drivers"of"this"change"are"broken"into"social"and"
technical"elements"in"order"to"describe"the"growth"and"change"occurring.""
The" method" used" included" a" comprehensive" literature" review" and" use" of"
secondary" data" from" key" music" industry" associations." The" Australian" music"
industry"is"a"subset"of"the"global"industry"and"is"led"by"foreign"markets"and"their"
methods"in"which"music"content"moves"from"the"creators"to"the"consumers."
The" consumption" patterns" of" Australian" music" consumers" are" changing." The"
overall" value" of" the" music" industry" is" dropping" as" the" new" digital" downloads"
market" emerges"and"the" overall" volume"of" sales"increases;" this" reflects"similar"
trends"in"foreign"markets."CD"single"sales"have"dropped"and"digital"single"sales"
(in" MP3" format)" have" increased." However," there" needs" to" be" a" balance" in" the"
future"development"of"Australian"music"distribution"systems"between"the"needs"
of" music" consumers" and" the" sustainability" of" music" companies," where" there" is"
both"connectivity"and"steady"revenue"flow.""
There" are" technical" elements" that" have" caused" a" movement" away" from" the"
traditional"forms"of"music"distribution"as"new"technologies"facilitate"the"change,"
such" as" Apple’s" iPod" and" broadband" Internet" connections." Advancement" of"
distribution"systems"has"increased"piracy"levels"and"the"response"has"been"the"
implementation" of" digital" rights" management" (DRM)," which" prevents"
connectivity."There"are"also"social"elements"that"affect"growth"and"change"such"
as" connectivity," or" the" consumers" freedom" to"choose" when," where" and"how" to"
listen" to" their" music." When" music" product" has" a" restriction" placed" upon" it" its"
value" to" the" consumer" drops." Multinational" music" companies" have" failed" to"
recognise"the"value"users"place"on"the"freedom"to"pick"and"choose"and"have"tried"
to"control"rather"than"to"co‐develop"systems"that"meets"both"parties"needs."