Grade 9-12
,
On-Demand Webinar

The Economics of the Music Industry

May 26 4:00-5:00pm ET
Time: 60 mins,
Updated: May 27 2021,
Presenter: Susanna McConnell

Objective

Teachers will be able to:

  • Learn how technology has impacted the music sector.
  • Incorporate EdTech to show how market forces have changed the industry in the past and will continue to in the future.

This video is available to view for EconEdLink members only.

In this economics webinar, focus on old industry models, how technology impacts musicians and how the market will continue changing.

Description

The music industry has vastly changed, especially with advancing technology over the past decade. With the growth of technology and online streaming services, musicians and fans have changed their behavior due to different incentives and other market forces.

Dive into the economics behind the recording industry and how a shift to an experience-based economy has morphed who the key actors are. We will also highlight the challenges faced  by the industry amidst the global pandemic.