Digital transformation, blockchain and music industry: a review from the performers' Collective Management Organizations (CMO)

Alberto Arenal, Cristina Armuña, Sergio Ramos, Claudio Feijoo and Juan Miguel Aguado-Terrón

32nd European Regional ITS Conference, Madrid 2023: Realising the digital decade in the European Union – Easier said than done? from International Telecommunications Society (ITS)

Abstract: This paper study the challenges from the digital transformation of the music industry and the potential role of blockchain from the perspective of the Collective Management Organizations (CMO). Building on desk research and primary data from 9 semi-structured surveys with C level executives, this empirical analysis identifies main projects, their state of development and perspectives for this technology in music industry. Findings conclude that there are a limited number of blockchain projects led and/or with relevant participation of CMO and most of them are just research, proof of concept or pilots, far from a massive commercial phase. In addition, blockchain is not a priority for CMO and its adoption is not a priority in the digital transformation of this companies. The low quality of the data in the origin and the potential governance issues among different stakeholders within music industry appear as the main barriers for blockchain to be considered as a global solution. Ultimately, results in the paper provide a snapshot about the current state and future curve of adoption of blockchain as a solution to manage intellectual property rights in music industry.

Keywords: digital music ecosystem; digital transformation; blockchain; Collective Management Organization; CMO (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-cul, nep-ipr, nep-pay and nep-ppm
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/277943/1/Arenal-et-al.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:zbw:itse23:277943

Access Statistics for this paper

More papers in 32nd European Regional ITS Conference, Madrid 2023: Realising the digital decade in the European Union – Easier said than done? from International Telecommunications Society (ITS)
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().