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Reformatted - Code, Networks, and the Transformation of the Music Industry (Hardcover)
Loot Price: R3,002
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Reformatted - Code, Networks, and the Transformation of the Music Industry (Hardcover)
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The impact of digital technology on the musical economy has been
profound. From its production, reproduction, distribution, and
consumption, the advent of MP3 and the use of the Internet as a
medium of distribution has brought about a significant
transformation in the way that music is made, how it is purchased
and listened to, and, significantly, how the musical economy itself
is able to reproduce itself. In the late 1990s the obscure practice
of 'ripping' tracks from CDs through the use of compression
programmes was transformed from the illegal hobby of a few thousand
computer specialists to a practice available to millions of people
worldwide through the development of peer-to-peer computer
networks. This continues to have important implications for the
viability of the musical economy. At the same time, the production
of music has become more accessible and the role of key gatekeepers
in the industry-such as record companies and recording studios- has
been undermined, whilst the increased accessibility of music at
reduced cost via the Internet has revalorised live performance, and
now generates revenues higher than recorded music. The early 21st
century has provided an extraordinary case study of an industry in
flux, and one that throws light on the relationship between culture
and economy, between passion and calculation. This book provides a
theoretically grounded account of the implications of digital
technology on the musical economy, and develops the concept of the
musical network to understand the transformation of this economy
over space and through time.
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