TY - JOUR
T1 - Firm profitability during the servitization process in the music industry
AU - Myrthianos, Vasileos
AU - Vendrell-Herrero, Ferran
AU - Parry, Glenn
AU - Bustinza, Oscar
PY - 2014/8/19
Y1 - 2014/8/19
N2 - 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.
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.
U2 - 10.1002/jsc.1979
DO - 10.1002/jsc.1979
M3 - Article
SN - 1086-1718
VL - 23
SP - 317
EP - 328
JO - Strategic Change
JF - Strategic Change
IS - 5-6
ER -