THE INFLUENCE OF THE DIGITAL ECONOMY DEVELOPMENT ON THE GLOBAL MUSIC INDUSTRY PRODUCTION REGARDING THE HARMONIZATION OF ACCOUNTING IN BRICS EMERGING ECONOMIES

Iurie Badicu ()
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Iurie Badicu: Academy of Music, Theater and Fine Arts of Moldova

European Journal of Accounting, Finance & Business, 2022, vol. 10, issue 1, 21-29

Abstract: The 21st century music industry uses digital technology in a wide range of applications, including interpretation, composition, recordings and publications. This technology is constantly transforming music and the way people approach many musical activities. The value chain research of the global music industry represents the specialized analysis of the target field constituents. The investigation emphasizes the functional components and subcomponents of the global music industry, their interference and mutual influence. The author specifically addresses the production, distribution and consumption in the global music industry, treating them both theoretically – referentially, and practically – axiomatically. When presenting the study, preference was given to the descriptive method with the application of elements of comparison, analysis and deduction, as well as information sites that capitalize on the music industry. The research completes the range of sources that address the global music industry, especially the sources with reference to the pandemic, post-pandemic and forced digitization of the music industry. The author’s conclusions represent a culturological update of the value chain in the global music industry.

Date: 2022
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