Firm profitability during the servitization process in the music industry
Research output: Contribution to journal › Article › peer-review
Colleges, School and Institutes
- University of the West of England
- University of Granada
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.
|Number of pages||12|
|Publication status||Published - 19 Aug 2014|