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Music Aggregators and Intermediation of the Digital Music Market

dc.contributor.authorGaluszka, Patryk
dc.date.accessioned2015-03-18T08:44:41Z
dc.date.available2015-03-18T08:44:41Z
dc.date.issued2015
dc.identifier.issn1932-8036
dc.identifier.urihttp://hdl.handle.net/11089/7345
dc.description.abstractThis article demonstrates that, contrary to popular belief, the advent of the Internet has not made intermediaries in the music market obsolete. Individual artists and independent record labels who want to sell their music in digital music stores must deliver their records via third-party companies called music aggregators. Drawing on the concepts of new institutional economics, the article demonstrates that the emergence of music aggregators is a market response to the high level of transaction costs and bargaining asymmetry associated with selling digital music online. The conclusion suggests that the major music conglomerates may seek ownership links with music aggregators, leading to the emergence of vertically integrated companies, which may have profound consequences for cultural markets.pl_PL
dc.language.isoenpl_PL
dc.publisherUSCAnnenbergpl_PL
dc.relation.ispartofseriesInternational Journal of Communication;9(2015)
dc.rightsUznanie autorstwa-Użycie niekomercyjne-Bez utworów zależnych 3.0 Polska*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/pl/*
dc.subjectmusic aggregatorspl_PL
dc.subjectdisintermediationpl_PL
dc.subjectstreaming servicespl_PL
dc.subjectdigital musicpl_PL
dc.subjectSpotifypl_PL
dc.subjectrecord labelspl_PL
dc.titleMusic Aggregators and Intermediation of the Digital Music Marketpl_PL
dc.typeArticlepl_PL
dc.page.number254–273pl_PL
dc.contributor.authorAffiliationDepartment of Economic Mechanisms, University of Lodz, Polandpl_PL
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