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.
Standards
Concepts
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.