The Place of Music in a Platform Economy: Value Ecologies in the Contemporary Musical Industry
Institute of Asia and Pacific Studies in collaboration with the School of International Communications is pleased to invite you to the following public lecture on May 17th, please register through below link if you are interested, all are welcome!
Title: The Place of Music in a Platform Economy: Value Ecologies in the Contemporary Musical Industry
Date: 9:30-11:00am Friday 17th May
Location: IAMET 218
Registration Link: https://moodle.nottingham.ac.uk/mod/tutorialbooking/view.php?id=3567333
Abstract: This paper analyses the transformation of the musical economy over the past 20 years which marked a conjuncture in the music industry, as the impact of new software formats such as MP3 began to bring about disruptive and destructive competition to established business models based on sales of recorded music. During the first decade of the 21st century, the music industry was revealed to be a ‘diverse economy’, as alternative forms of income generation came to the fore, most particularly in the form of live performance, but also through links to brands and promotional campaigns, which offset, but did not reverse to decline in revenues flowing to the musical economy lost through file sharing. However, more recently, through an engagement with the platform economy, the musical economy first stemmed and then began to reverse the decline in revenues brought about by the disruptive impact of open formats like MP3. Through a consideration of the music industry’s engagement with platforms the paper critically examines both the promises but also the possible perils of the musical economy’s submission to the imperatives of a platform economy.
Biography: Andrew Leyshon is Professor of Economic Geography at the University of Nottingham. His work has focused on money and finance, the musical economy, and the emergence of diverse economies and is the author and editor of numerous books that reflect these interests. They include: Reformatted: code, networks and the transformation of the music industry (Oxford University Press, 2014), which explores how P2P networks and MP3 software helped remake the musical economy; Money/Space: geographies of monetary transformation (with Nigel Thrift, Routledge 1997), which argued that not only does money have a geography, but that it is inherently geographical, and; Alternative Economic Spaces (with Roger Lee and Colin Williams, Sage, 2003), which sought to account for the diverse ways in which ‘alternative’ economies have emerged within contemporary capitalism. He is currently writing a book on Platform Finance with Paul Langley. He is a member of the Editorial Board of Environment and Planning A and Journal of Cultural Economy, and of the Editorial Advisory Board of Economy and Society, was elected as a Fellow of the Academy of Social Sciences in 2007 and awarded the Ashton Prize for the most innovative paper in Environment and Planning A in 2010. He was Associate Pro Vice Chancellor for Research & Knowledge Exchange in the Faculty of Social Sciences, 2016-18 and Head of the School of Geography 2011-2015, both at the University of Nottingham. He was Visiting Eminent Research Scholar in the Faculty of Business and Economics at the University of Melbourne in 2015, Co-Director of the Creative & Cultural Industries Research Priority Area at the University of Nottingham (2015-2018). Since 2016 he has been an Associate Fellow of the Leadership Foundation.