Peterson and Berger revisited: Changing market dominance in the British popular music industry, c.1950-80

Terry Gourvish and Kevin Tennent

Business History, 2010, vol. 52, issue 2, 187-206

Abstract: In studies of the popular music industry, there has been much interest in the market share of the leading firms (majors), and the apparent connections between a high level of concentration and musical innovation and diversity. Peterson and Berger argued that in the United States the majors lost market share to independent companies in 1955-62, then recovered their position to 1973. This article uses a newly-constructed database and concentration measures to test the proposition in relation to Britain for 1952-75. We find that British majors also lost market share, but the process started much later, and was not followed by a recovery. Instead, American majors entered the market directly from the late 1960s.

Keywords: British music industry; concentration; competitive entry (search for similar items in EconPapers)
Date: 2010
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DOI: 10.1080/00076791003610717

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