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Creative Destruction and the Music Industry: an investigation concerning new music technologies such as peer-to-peer file sharing and cloud computing and how these affect the informal and formal norms towards copyright protection and music consumption.

Sandels, Edward LU (2012) EKHK02 20111
Department of Economic History
Abstract
This thesis deals with how creative destruction of the music industry caused by digital technologies can change formal and informal norms concerning the protection of copyrighted material. In the process of creative destruction new innovations can be so great that they change people’s beliefs: in the case of the music industry the technological shift from analogue to digital technologies, in particular peer-to-peer file sharing, have changed people’s views on the morality of piracy due to the low risk involvement that these innovations bring. A major issue of interest in this investigation is the level of control the industry has lost over its product and how effective institutional reform (IPRED act) is at reversing the strong informal... (More)
This thesis deals with how creative destruction of the music industry caused by digital technologies can change formal and informal norms concerning the protection of copyrighted material. In the process of creative destruction new innovations can be so great that they change people’s beliefs: in the case of the music industry the technological shift from analogue to digital technologies, in particular peer-to-peer file sharing, have changed people’s views on the morality of piracy due to the low risk involvement that these innovations bring. A major issue of interest in this investigation is the level of control the industry has lost over its product and how effective institutional reform (IPRED act) is at reversing the strong informal norm of illegal file sharing. The investigation also deals with the increasing role that subscription based cloud computing services is playing as a legal alternative to illegal file sharing, and concludes that even though music consumers are unwilling to pay traditional prices for music, they are willing to honor copyrights at lower prices which cloud computing offers, the choice of cloud computing is also due to institutional reform. (Less)
Please use this url to cite or link to this publication:
author
Sandels, Edward LU
supervisor
organization
course
EKHK02 20111
year
type
M2 - Bachelor Degree
subject
keywords
creative destruction, copyright legislation, music industry, control vs. connectivity, cloud computing, belief systems, formal and informal norms, institutionalism, file sharing
language
English
id
2629339
date added to LUP
2012-09-28 14:11:52
date last changed
2012-09-28 14:11:52
@misc{2629339,
  abstract     = {This thesis deals with how creative destruction of the music industry caused by digital technologies can change formal and informal norms concerning the protection of copyrighted material. In the process of creative destruction new innovations can be so great that they change people’s beliefs: in the case of the music industry the technological shift from analogue to digital technologies, in particular peer-to-peer file sharing, have changed people’s views on the morality of piracy due to the low risk involvement that these innovations bring. A major issue of interest in this investigation is the level of control the industry has lost over its product and how effective institutional reform (IPRED act) is at reversing the strong informal norm of illegal file sharing. The investigation also deals with the increasing role that subscription based cloud computing services is playing as a legal alternative to illegal file sharing, and concludes that even though music consumers are unwilling to pay traditional prices for music, they are willing to honor copyrights at lower prices which cloud computing offers, the choice of cloud computing is also due to institutional reform.},
  author       = {Sandels, Edward},
  keyword      = {creative destruction,copyright legislation,music industry,control vs. connectivity,cloud computing,belief systems,formal and informal norms,institutionalism,file sharing},
  language     = {eng},
  note         = {Student Paper},
  title        = {Creative Destruction and the Music Industry: an investigation concerning new music technologies such as peer-to-peer file sharing and cloud computing and how these affect the informal and formal norms towards copyright protection and music consumption.},
  year         = {2012},
}