Since the first edition was published in 2009, Patrik Wikström's The Music Industry has become a go-to text for students and scholars. This thoroughly updated third edition provides an international overview of the music industry and its future prospects in the world of global entertainment.
The music industry has experienced two turbulent decades of immense change brought about in part by the digital revolution. How has the industry been transformed by these economic and technological upheavals, and how is it likely to change in the future? What is the role of music in this digital age? Wikström illuminates the workings of the industry, deftly capturing the dynamics at work in the production of musical culture between the transnational media conglomerates, the independent music companies and the public. New to this third edition are expanded sections on the changing structure of the music industry, the impact of digitization on music listening practices, and the evolution of music streaming platforms.
Engaging and comprehensive, The Music Industry is a must-read for students and scholars of media and communication studies, cultural studies, popular music, sociology and economics.
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Patrik Wikström is Professor in the School of Communication at Queensland University of Technology.
Wikstöm's "The Music Industry" is a highly recognized benchmark of music business research and is a must-read for all interested in the structures and processes of the music industry in the age of digitalization and globalization.
Peter Tschmuck, University of Music and Performing Arts Vienna
The rapidity of change in the music industry is astonishing, and just as astonishing is Patrik Wikstrom's ability to keep up with its development. In this third edition of The Music Industry he brings to readers a comprehensive and nuanced look at the rise of digital media in popular music and charts the new directions that streaming and the cloud are opening up for musicians, fans and industry professionals. No mere cheerleader for the digital, Wikstrom provides the critical historical and economic contexts needed to understand the trajectory the music industry has taken since mp3s burst on the scene in 1999.
Steve Jones, University of Illinois at Chicago
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