Firm profitability during the servitization process in the music industry

Vasileos Myrthianos; Ferran Vendrell-Herrero; Glenn Parry; Oscar  Bustinza

doi:10.1002/jsc.1979

Firm profitability during the servitization process in the music industry

Vasileos Myrthianos
, Ferran Vendrell-Herrero
, Glenn Parry
, Oscar Bustinza

Management

Research output: Contribution to journal › Article › peer-review

Abstract

The music industry, as other creative industries, has suffered a dramatic decrease in performance due to the digital disruption. While in the previous literature revenues are viewed as a proxy for performance, this paper uses profits, confirming the link between the fall in industry revenues and firm profits. Profits have decreased more for local firms than multinationals, indicating that the large firms adapt better to technological and economic disruptions.

Original language	English
Pages (from-to)	317-328
Number of pages	12
Journal	Strategic Change
Volume	23
Issue number	5-6
DOIs	https://doi.org/10.1002/jsc.1979
Publication status	Published - 19 Aug 2014

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title = "Firm profitability during the servitization process in the music industry",

abstract = "The music industry, as other creative industries, has suffered a dramatic decrease in performance due to the digital disruption. While in the previous literature revenues are viewed as a proxy for performance, this paper uses profits, confirming the link between the fall in industry revenues and firm profits. Profits have decreased more for local firms than multinationals, indicating that the large firms adapt better to technological and economic disruptions. ",

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AB - The music industry, as other creative industries, has suffered a dramatic decrease in performance due to the digital disruption. While in the previous literature revenues are viewed as a proxy for performance, this paper uses profits, confirming the link between the fall in industry revenues and firm profits. Profits have decreased more for local firms than multinationals, indicating that the large firms adapt better to technological and economic disruptions.

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DO - 10.1002/jsc.1979

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JO - Strategic Change

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Firm profitability during the servitization process in the music industry

Abstract

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