A songwriter’s perspective on BBC Radio 6 Music
A fresh perspective on how ‘distinctiveness’ can be measured in the public service broadcasting context and how it helped inform the debate on the future of BBC Radio 6 Music.
An introduction to Cost Disease
A timely reminder of Baumol and Bowen’s controversial 60s theory that relates to rising wages and creative output, and considers how it can be applied to music in a digital age.
How to dance to ARPU when licensees call the tune
What the Average Revenue per User acronym means for rightsholders and rights users.
The Long Tail of P2P
When you offer more choice, do consumers take that choice? This report analyses the distribution of demand for hits and niches in illegal P2P.
Shadow pricing P2P’s economic impact
Against the backdrop of a government consultation aimed at fostering greater understanding between internet service providers and the music industry, our Chief Economist Will Page works with Vanderbilt University’s David Touve and Keith McMahon of telecoms consultancy STL Partners to assess the possibility of aligning incentives within these disparate camps.
The R Words: recession and royalties
The impact of recession on royalties: who wins and loses when an economy contracts for two quarters or more?
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In rainbows, on torrents
Following the release of Radiohead’s controversial pay-what-you-want digital album In Rainbows, we ask if legal free downloads will displace their illegal counterparts.
Should societies pursue equity?
Dotcom history is littered with high profile examples of start-ups generating value through both traditional and controversial uses of music copyright. We examine the act of 'taking equity', outlining ways rightsholders could work through the issue of online copyright infringement.
Understanding and interpreting the digital market
We work with IFPI Director of Market Research Gabi Lopes to provide a comprehensive analysis of the digital music market.
Getting the bundle back Part 1: Albumbase.com
Insight into the diverse black market for music, and its growing effects on the industry. This report is an aid for songwriters, composers and publishers who want to better understand the ways legal and illegal music markets affect each other.
The Groucho Marx Theorem: an application to Europe’s collecting societies
'I don't want to belong to any club that will accept me as a member,' remarked Julius Henry 'Groucho' Marx (1890 -1977). How can this theorem be applied to the dilemma facing Europe's network of collecting societies?
Lost in translation? A critique of the Katz papers
The European Commission cited two new academic papers by Ariel Katz as influencing its thinking on performing rights organisations. While welcoming Katz's contribution to the debate, this paper highlights where his economic theory gets lost in the applied world of collective licensing.
Is mechanical copyright going LaLa?
A new online music sharing service looks set to deliver a further blow to mechanical copyright, and this time it’s physical. This paper explores what LaLa.com could mean for the recorded music industry.
A prisoner's dilemma?
The film A Beautiful Mind introduced the work of John Nash to the wider world.
This paper looks at the Nobel Prize winning economist's greatest contribution, Game Theory, and applies it to the challenges facing Europe's collecting societies.
The value is in the scarcity, but also in the convenience
What can the economics of ticket touting teach rightsholders about the pricing of their music? An evaluation of pricing models both within and outside the legitimate economy.
Is the price of recorded music heading towards zero?
A conference paper prepared by PRS for Music’s Will Page for the Transmission conference, which took place in Canada from 30 November to 1 December 2006.