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Evolving Music Industry in China
Luo-Xiao Zhang1* and Min-Tsai Lai2
1Ph.D. Program in Business and Management, Southern Taiwan University of Science and Technology, Tainan 71000, Taiwan
2Department of Business Administration, Southern Taiwan University of Science and Technology, Tainan 71000, Taiwan
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Abstract:
With the introduction of ITunes by Apple in 2003, the music industry has brought the service provider major changes. With the development of the mobile Internet and the arrival of the streaming media era, the vertical integration of the record industry chain, which has the largest share among the three sub-chains of the music industry, has disintegrated. The offline sales channels that used CD as the medium gradually declined, while the online channels that used iTunes and streaming media as the medium gradually became the mainstream. Traditional offline music distribution channels have been subverted, and IT companies and Internet companies represented by Apple, Spotify, and Pandora are emerging as service provider upstarts. Similar to the global music industry ecology, China's music industry is divided into three sub-industrial chains in the service provider link. The first sub-chain, the record music chain, suffers from piracy problems. The second sub-chain, the music copyright chain, once unsustainable due to weak genuine protection, has improved with the strengthening of domestic copyright protection. The third sub-chain, the music performance chain, is currently the most popular chain, and is also the main source of profit supporting the entire Chinese music industry.
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Keywords: Music industry, Streaming media, Digital music, Management industry
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Received:July 23, 2022; Revised:August 12, 2022; Accepted:August 23, 2022; Published:September 30, 2022
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*Corresponding author; e-mail: Da71g401@stust.edu.tw
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Citation:Zhang, L.X., & Lai, M.T.(2022). Evolving Music Industry in China. International Journal of Business Studies and Innovation, 2(3), 56-63. https://doi.org/10.35745/ijbsi2022v02.03.0006
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Copyright: ©
2022
The Author(s). Published with license by IIKII, Singapore. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY), which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
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